Precious metals expert predicts gold and silver will rise in 2023 as government spending results in increased inflation and U.S. hits debt ceiling.
According to Morgan Stanley, "The volatility of silver prices can be two to three times greater than that of gold on a given day."
Silver's increasing industrial applications could decrease the metal's trading volatility and bring it closer to gold's status on Wall Street. As an investment for the near future, Rose said "professionals are hailing silver as having a much higher ceiling due to its industrial potential, from its chemical use as a catalyst and conductor to electrical switches and solar panels.""Demand for silver is at an all-time high the last 12 months, he went on. "Combining the allure of physical silver as a haven asset creates a strong case for investments into the metal in the near future.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trim Pickings: 2023 Nissan Rogue vs. 2023 Toyota RAV4The base models of the Nissan Rogue S and Toyota RAV4 LE are priced within $255 of each other, making for very close competition. Both of these models are well equipped with feature highlights that include LED headlights, tinted rear windows, cloth upholstery, satellite radio, and Apple CarPlay and Android Auto compatibility. On the safety front, both SUVs include a forward collision warning with automatic emergency braking system and automatic high-beam headlights.
Read more »
Silver prices could touch a 9-year high in 2023 — with a bigger upside than goldSilver could hit a nine-year high of $30 per ounce this year and become a better performer than gold.
Read more »
‘Mom’s ashtray’ is more precious to me than gold | Nancy EshelmanIt’s not ancient and has no monetary value, but I loved the little hands that made it.
Read more »
Chicago Bears State of the Roster 2023An organization without a playoff win in over a decade, it’s been tough sledding for a long time for the Chicago Bears.
Read more »
Why Did Mike Tomlin Retain Matt Canada for 2023?The Pittsburgh Steelers are retaining offensive coordinator Matt Canada for the 2023 campaign, according to multiple reports.
Read more »
YouTube Upgrades to Lincoln Center for 2023 Upfront PresentationThe video giant will take over David Geffen Hall at the annual advertiser showcase in May during a time slot right after Netflix’s first presentation.
Read more »