Five months ago, ET Wealth had suggested that investors should take a tactical exposure to gold and silver in 2023. We said so because even though both gold and silver had shot up smartly in the preceding two years, there was too much uncertainty looming on the horizon.
Inflation was high, gross domestic product (GDP) growth was faltering and prospects of a global recession seemed almost certain. The two precious metals thrive during such times. In the past five months, gold has risen nearly 8% while silver has delivered close to 5%.