by Jesse Colombo
Silver Seek
U.S. inflation expectations have surged over the past few months, and this has been a bullish driver for gold and silver.
Yesterday, the U.S. Consumer Price Index came in hotter than expected, reinforcing those inflation concerns and raising the specter of stagflation as economic growth slows and layoffs increase.
While these developments are troubling for the broader economy, they create a highly favorable environment for precious metals, which I will explore in this article.
Yesterday’s report showed that the Consumer Price Index (CPI) rose at an annual rate of 3.0% in January, surpassing the expected 2.9%. Meanwhile, the core CPI, which excludes volatile food and energy prices, climbed 3.3% annually—higher than the anticipated 3.1%.