A Volatile Start to the Year for Gold and Silver - Monthly Wrap Up

Did you know you can get the Sprott Money Monthly Wrap Ups, Ask The Expert, 

special promotions and insightful blog posts sent right to your inbox?

Sign up to the Sprott Money Newsletter here.

It’s only the end of February, but 2023 has already been a crazy year for gold and silver. Precious metals headed up in January, but in the last month gold went back to even on the year with silver falling 10-15 percent. What does the future hold? Host Craig Hemke sits down with David Morgan of The Morgan Report to break down all the gold and silver news you need to weather the ups and downs of a volatile market.

In this edition of The Monthly Wrap-Up, you’ll hear:

• Will the Fed buckle sooner than anticipated?
• If “Dr. Copper” continues to go up, will it lend strength to silver?
• Plus: is there any hope for silver mining shares?

“Does it really matter [what the Fed does]? Somewhat. I read a bank analyst that I thought actually was pretty good. Most of them I don’t agree with totally. And he said you’d have to get the federal funds rate to about 8% to do any good. And that concurs with my thinking that you have to get the yield up to where the real inflation rate is, which is reportedly 6.5-7%. So, if we do two, three, four more [rate hikes], there will be knee-jerk reactions. It’s happened almost every time. And the market says, ‘Oh, interest rates are going up, gold bad;’ gold sells off; silver follows. But that’s usually temporary. Because the truth is, unless you get yield above the true interest rate, it’s meaningless. You’re still in a negative yield situation. ”

To hear David’s full thoughts on this month’s gold and silver news, listen here: