Economist Peter Schiff is calling out the glaring disconnect between the surging price of silver and the market’s reaction to key silver mining stocks.

These Stocks ‘Should Have Doubled’ In December

On Tuesday, in a series of posts on X, Schiff, a long-time advocate of hard assets and precious metals, pointed out that while silver, tracked by the iShares Silver Trust (NYSE:SLV) surged 35% in December, the Global X Silver Miners ETF (NYSE:SIL), which tracks prominent silver miners, is up just 11%.

“Investors are in denial,” Schiff said, while noting that Silver prices were up by another $4 on Tuesday morning, with miners yet to capture this move.

See Also: Why Investors Need To Pay Attention To Silver Price Action

Schiff said that silver miners typically offer leveraged exposure to the underlying metal, and their lackluster performance in the face of such a sharp rally is puzzling. “Given that move, silver stocks should have doubled” over the course of this month, he said.

Stock investors are in ...