That s true even for us die-hard silver enthusiasts.
After all silver had a standout 2020, having gained about 47% in its best year since 2010. That easily outpaced gold s own impressive 25% return.
But the reality is that so far in 2021, silver is down 9%. And meanwhile, nearly all the fundamental market drivers have remained intact. It seems the pressures on silver prices are likely from two angles. The first is after such an impressive 2020, it was due to correct. That s what bull markets do.
The second pressure point is a rising U.S. dollar index, likely thanks to rising long-term bond yields. However, it s important to consider that this trend will also run its course and exhaust itself. That could happen naturally, or the Fed could intervene by imposing Yield Curve Control.