Sprott Physical Silver Trust [PSLV] Stock Forecast

Gold hit its lowest levels in two and half years as a hawkish Fed and a global central bank trend toward rate hikes and tighter monetary policy continue to dampen the yellow metal at a time when it should be thriving.

The market appears to be underestimating the possibility that inflation remains above target over an extended timeframe, with real interest rates again turning deeply negative, despite higher nominal rates. I expect the precious metals bull market to resume once the Fed slows down the pace of rate hikes.

Gold, silver, and other precious metals started Friday off hot as the U.S. dollar finally dipped in strength. Gold, silver, palladium, and copper futures all saw modest bumps.

As stores of value, silver and gold are often tied together, with silver frequently following gold's footsteps performance-wise. Silver slipped below $18 for the first time since June 2020, but some experts see it as having a unique path to recovery.

2022 has been a challenging year for investors with all major asset classes (equity, bond, real estate, precious metals) suffering substantial losses. Silver is one of the most beaten-down asset classes, suffering more than 20% correction in the past year.

Sprott has filed for the ESG Gold ETF (SESG), which will provide investors an opportunity to get exposure to gold sourced from mines that meet a certain ESG standard. With record heat seen around the globe, the importance of sustainability and the effort to mitigate climate catastrophe is becoming more urgent than ever.

2022 has been a year defined by geopolitical turmoil and market uncertainty. As such, gold has grabbed several headlines.

Gold and silver prices continue to climb as the reality of inflation sinks in. Despite the possibility of additional Russian sanctions amid newly discovered Russian atrocities, the Russia-Ukraine war has become largely baked into the market outlook.

SLV: Yet To Make Its Big Move

The Sprott Physical Silver Trust has several advantages over physical metal and other ETFs.