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News  ›  Benzinga

Peter Schiff Says Silver Investors Are In 'Denial' As Mining Stocks Continue To Lag: 'Should Have Doubled' In December

Benzinga Logo Benzinga By Vishaal Sanjay
Peter Schiff Says Silver Investors Are In 'Denial' As Mining Stocks Continue To Lag: 'Should Have Doubled' In December

Economist Peter Schiff criticizes the disconnect between silver's 35% December surge and silver mining stocks' modest 11% gain, arguing mining stocks should have doubled given their typical leveraged exposure to the metal. Despite silver's historic rally and 154.57% year-to-date gains, major mining stocks and ETFs have significantly underperformed, presenting what Schiff views as an attractive buying opportunity.

Insights
BMLpL   neutral

The announcement indicates a significant increase in shareholding, which suggests strategic interest but without explicit positive or negative implications


AG   negative

Stock up only 6.76% in December despite silver surging 35%; significantly underperformed relative to the underlying commodity's rally