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.
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