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    Was I WRONG about Silver in 2023?!



    Was I WRONG about Silver in 2023? At the end of 2022, I forecasted a slight rise in the spot price of silver for 2023. $25 an ounce for silver was my conservative estimate. I also thought gold would hit $1,900 by the end of 2023. But was I WRONG about silver? Many of you said silver is going MUCH higher than $25 an ounce in 2023. I believe the recession that we are already in could put a temporary damper on the price of silver due to waning industrial demand, a rebound in oil prices, and growing job losses. I’m convinced we have stagflation for 2023. In this video, I take a mid-day look at the markets on Thursday, January 11th. It was a big day with the announcement that the CPI dropped 0.1% for December and that inflation was at an (understated) 6.5%. So, what’s doing BETTER than the NASDAQ, S&P 500, and gold and silver markets? Precious metals MINING STOCKS! The GDX and GDXJ are both up over 8% YTD. That’s roughly twice the S&P 500! Halfway through January, one of the best performing sectors of the market is precious metals mining, and I think gold and silver mining stocks might end up being the best performers in 2023…even in the midst of a recession. I’m using the softness in silver spot price to increase my silver stack. The silver premiums on the silver rounds I unbox were quite low! I’m also going to keep speculating on good quality mining companies, because after the FED capitulates to stagflation and pivots, I think the mining sector “ship” will have left the harbor. One of the silver “boats” that I’m about to add to my mining stock “fleet” is Silver Mountain Resources.

    Silver Mountain Resources ➡ https://agmr.ca
    OTC: AGMRF | TSXV: AGMR
    Check out my first video with Jose ➡ https://youtu.be/YMNu4vDhmzY

    🥇🥈 GET YOUR ONLINE GOLD AND SILVER HERE! ➡ https://sdbullion.com/yankee
    🔔 TEST YOUR METALS WITH THE POCKET PINGER! ➡ https://bit.ly/3gvYynx
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    🔥 Become Yankee Cannon member TODAY: https://bit.ly/3bqQZtm
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    DISCLAIMERS/TERMS/RULES:
    ▶︎ This video was conducted on behalf of Silver Mountain Resources Inc and was funded by Gold Standard Media LLC and/or affiliates. For our full disclaimer, please visit: https://portal.goldstandardir.com/disclaimer/AGMR-46
    ▶︎ I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.
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    ————————————————————————————–
    Music By: “Three Little Drummers from the George Washington Show” and “Bugle Feature: Pezel Twist from Warlike Musick” by The United States Army Old Guard: https://freemusicarchive.org
    Music licensed under a Creative Commons Public Domain Mark 1.0 License: http://creativecommons.org/publicdomain/mark/1.0

    Topics Discussed: silver price in 2023,silver forecast,spot price of silver,what is an ounce of silver worth,gold,recession,silver demand,oil prices,stagflation,stock market,CPI,inflation,physical price of silver,NASDAQ,S&P 500,precious metals,mining stocks,silver premiums,FED pivot,silver bullion,buying silver,federal deficit,deficit spending,economy,CBDCs,federal reserve,fiat currency,silver rounds,silver coins,silver stacking,stack silver,how to invest in silver

    #Silver #PreciousMetals #SpotPrice

    View 36 Comments

    36 Comments

    4. Orphan Charmander on

      I dont want Silver to go up, i want it lower, why, think a little, i dont want my Silver to go to tha Moon, cause then i cant get it, in my FIAT wagon 😉🇩🇰🇺🇸❤️

    5. The Great Immortal of Illustrious Sagacity on

      Basically you follow what bullion dealers say. Clearly the bullion dealer is constantly net short and earning outrageous premiums. Therefore he wants you to be net long, even when the price is too high. Silver's price is doing what it did even last year! Of course it will go back down, and if it doesn't break last year's peak, a lower low may occur.

    6. Silas Marner on

      you were close enough. i thought it would be around 27. so you were closer than me. i think that this year, after the pivot, it will shoot up and then come back down to settle around 28. just my guesstimate

    10. Orphan Charmander on

      Im not buying paper, i respect others do it, cause they can make some good FIAT bucks, but i just want my fysical metals, Gold, Silver, Copper, Nickel, and might buy some ATOM compagni stocks, in a couple of monts👍🏻🇩🇰❤️

    16. Orphan Charmander on

      Funny video, the curve explaning was great, i like the, we are here, and hoping for the curve to rise, this makes me believe, i still want fysical metals, i dont want more FIAT, cause i cant freaking spend it fast enough 😂👍🏻🇩🇰❤️

    18. sarge27271 on

      Yankee, if we consider that:
      The FED wants to implement "FEDNOW" in July 23', then to quickly move the sheep into it, the present system has to crash.
      BRICS is working hard to get rid of USTs. (Them chickens are comin' home to roost!) and doubling down on dethroning the USD as the reserve currency!
      INDIA opened their IIBX (Bullion Exchange) With Shangai it give BRICS 2 different exchanges to work with. On par with Crimex and LBMA.
      Most countries have repatriated their Gold AND increased their physical holdings!! WHY?…(Shhh. They know how the movie ends)
      Silver Institute says 22' had a silver deficit. And 23' seems on track for a 200 mil deficit in Ag!!
      Rumours of TESLA buying a Silver mine (Which makes a whole lot of sense. Seeing that SAMSUNG had a 3 yr deal with AVINO mines from 2018 to 2021)
      I think we can safely conclude that Metals (Silver in particular) will be spectacular this year. I think we will finally see the "First Unobtainium. Then, Unaffordium!" scenario Mike Maloney spoke of years ago. LOL Cheers my friend!

    24. nabzy28 on

      Not even gonna watch. – NO. Keep stacking, friends. The commodities super cycle is just getting started. The banks are just delaying every second possible to try and unwind their derivatives. I'd have to estimate that every last one of them is insolvent, at this moment, due to their exposure to things that don't actually exist. I'm going to go ahead and stack on that.

    25. Brandon Lesco on

      Hi Yankee – been watching your videos off and on for several months and I have to say I love what you're doing. Especially your videos featuring Tim…great stuff!

      This morning, my first ever precious metals purchase came in the mail. Probably not what most would recommend to someone new (2022 Kilo Kookaburra), but it sure is beautiful! I'd be lying if I said I wasn't impressed holding 2+ pounds of silver in my hands 😃 I am motivated to pick up a tube of Maple Leafs and some 10 oz. bars in the near future.

      Admittedly, I am not banking on any significant explosion in value. But having some precious metals in the safe seems to be, at the very least, a fun compliment to the rest of my portfolio (largely retirement accounts, brokerage investments, and Bitcoin). I'll avoid the prediction game and just add fifty or so ounces of silver to my small stack every year, along with some gold when I can.

      Happy New Year!

    30. Argenta on

      I am happy as I purchased a large part of my silver for under $20 a ounce and my last big purchase was 120 ASEs for $25.50 each last year so I am not buying at these high prices which could be temporary as anyone who looks at the chart over time will see $30 highs and $14 lows. Dollar Cost Average is the term and the way forward and buy the dips which I did buying several tubes of coins when the spot price fell back which it always does.

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