In any event, investors should prepared for high inflation to persist. Inflation risks may be to the upside near term as the election approaches and new stimulus schemes get rolled out.
Moriarty predicts a silver breakout following its significant price surge, driven by a shift towards hard assets amid growing concerns about the stock market's stability
Murphy states: "Now that we've seen one of the most explosive one-month rallies in silver, I will be thrilled. If we get through $26 for starters and then $30 are key."
The new statewide sales tax exemption on bullion coins, bars, or rounds (minted of gold or silver, but also platinum, palladium, or copper) takes formal effect on Saturday, March 23rd.
Imposing taxes on the exchange of Federal Reserve notes for monetary metals (i.e. gold and silver) has become an unusual and outmoded practice in the United States... only 7 states still engage in it.
While the price of silver is much more volatile, it generally correlates with gold over time. In fact, silver historically tends to outperform gold and a gold bull market.
