Peter Schiff Says Silver Investors Are In 'Denial' As Mining Stocks Continue To Lag: 'Should Have Doubled' In December - First Majestic Silver (NYSE:AG), Aya Gold & Silver (OTC:AYASF)

Core Viewpoint - There is a significant disconnect between the rising price of silver and the performance of silver mining stocks, with the latter underperforming despite a strong rally in silver prices [1][2][5]. Group 1: Silver Price Performance - Silver prices surged by 35% in December, reaching over $76 per ounce, marking the strongest monthly rally since the late 1970s and a year-to-date increase of 154.57% [2][5][6]. - On Tuesday, silver prices increased by over 6% to $76 per ounce, but saw a slight decline of 1.44% to $75.13 per ounce on Wednesday morning [6]. Group 2: Silver Mining Stocks Performance - The Global X Silver Miners ETF (NYSE:SIL) only increased by 11% in December, significantly lagging behind the silver price surge [2][5]. - Notable silver mining stocks have shown underwhelming performance, with year-to-date increases ranging from 89.60% to 444.90%, but month-to-date performances remain low, with most stocks below 15% [5][6]. - The Global X Silver Miners ETF closed at $85.51, up 1.38% on Tuesday, but still reflects a lack of momentum compared to silver prices [7]. Group 3: Investment Opportunities - The disparity between silver prices and mining stocks presents an attractive investment opportunity, as silver stocks are considered to be undervalued following a 14% correction in silver prices [4][5]. - Schiff argues that silver mining stocks should have doubled in value given the recent surge in silver prices, indicating potential for significant upside [2][3].