Odaily Planet Daily reports that economist Peter Schiff posted on X stating that stock investors are in denial. This morning, silver prices rose by $4, with a gain of over 35% since December. However, the silver stock ETF (SIL) has only increased by 11% this month. Silver stocks have a high leverage effect on silver prices, and given this trend, the performance of silver stocks in December should have doubled.
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Peter Schiff: Silver prices rose over 35% in December, but silver stock ETFs lagged behind
Odaily Planet Daily reports that economist Peter Schiff posted on X stating that stock investors are in denial. This morning, silver prices rose by $4, with a gain of over 35% since December. However, the silver stock ETF (SIL) has only increased by 11% this month. Silver stocks have a high leverage effect on silver prices, and given this trend, the performance of silver stocks in December should have doubled.