Silver Stocks Charts, News, Reports and Quotes
With the silver market heating up, the smart money is getting a step ahead of the crowd and looking at the mining stocks.
Which still seem low relative to the increased silver price
This Week in Review: Metals prices continue to consolidate but should the price of gold drop below the 50day MA, there is a chance we see a larger correction, potentially testing $1,825-$1,850/oz. Regardless of whether this comes to fruition, it doesn’t change a thing except for providing another (and likely last) buying opportunity. The window is closing quickly to get into the mining stocks at these cheap valuations. Further, any correction in gold and gold stocks will be short-lived so it is…
With another week of consolidation in the books, it is looking increasingly likely we will see a break soon. Whether this is to the upside or downside remains to be seen. If it is to the downside, it will be short-lived and could present the last opportunity before the train really leaves the station. Beyond the very-short term, precious metal prices are headed higher, much higher.
The silver miners were quick to restart operations once the lockdowns passed, and are ramping outputs back to full-speed. That should lower costs, which along with much-higher silver prices should greatly amplify profits going forward. So big additional silver-stock gains are fully justified fundamentally. This sector just has to work off its overboughtness first, through a healthy sentiment-rebalancing correction.
The volatility continued in the metals again this week, something that we shouldn’t expect to change anytime soon. There wasn’t much news-flow this week, following earnings season. There are talks about the next stimulus package that could be announced at any time, though it will be just be stop-gap until the two sides can come to an agreement on what will inevitably be a larger stimulus package. This is where the upcoming US elections come into play (note: I'm not political).
$AR.TO, $CXB.TO, $CDE, $EQX, $FSM, $GCM.TO, $GRSL.V, $IRV.CA, $JAG.TO, $KNT.V, $LUG.TO, $MGR.V, $MAG, $MMX, $NFG.V, $NEE.V, $OR, $PG.TO, $ROXG.TO, $SILV, $ELEF.TO, $VZLA.V, $WDO.TO, $WPM
Some important updates and exploration results were released today for four companies including MAG Silver, Silvercrest Metals, Kootenay Silver and Vizsla Resources. $MAG, $SILV, $KTN.V, $VZLA.V
The biggest question in the precious metals world this week was “how come the miners aren’t rallying more?”
Gold and silver prices surged again this week, although both metals were hit on Friday. The disconnect between the valuation of mining equities relative to the underlying commodity price has been expanding. We are overdue for correction and/or a period of consolidation but it remains to be seen when that will be. It certainly feels like it has begun or is just around the corner. Q2 earnings announcements have started to accelerate with most companies impacted from the CV19 protocols and…
$RZZ.V, $ATBYF, $AEM, $AGI, $AXU, $CXB.TO, $CXBMF, $CDE, $DPM.TO, $EGO, $EMX, $FSM, $GSS, $HRT.TO, $KNT.V, $KNTNF, $KGC, $KL, $LGD.TO, $LGDTF, $OGC.TO, $MKO.V, $MTA, $NGD, $NSR.TO, ROXG.TO, $SAND, $TGZ.TO, $TUD.V
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