Economist Schiff criticizes silver miners lag as silver prices surged 35% in December while Global X Silver Miners ETF rose just 11%. Miners 'should have doubled'.

Economist Peter Schiff has pointed out a significant disparity between the soaring price of silver and the market's response to major silver mining stocks. Despite silver prices, represented by iShares Silver Trust (NYSE: SLV), increasing by 35% in December, the Global X Silver Miners ETF (NYSE: SIL), which monitors prominent silver miners, has only seen an 11% rise. Schiff expressed disbelief, mentioning that silver prices rose by an additional $4 on Tuesday morning, yet mining stocks have not reflected this surge. He emphasized that silver miners usually provide amplified exposure to the metal, making their underwhelming performance during such a rapid rally perplexing. Schiff noted that, given this movement, silver stocks should have doubled throughout the month. Investors seem to be overlooking the potential in silver stocks despite the significant price actions.