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The silver industry has been the second-worst performer so far in 2013 (the worst has been the gold industry), the total return year to date (07/22/2013) was negative at -37.8%, while the appreciation of the Russell 3000 index in the same period was at 20.89%. Nevertheless, there are oversold silver stocks, rich in cash, with very low debt, trading way below book value.

In this article, I recommend three silver stocks; those stocks are showing positive momentum and can bring a nice capital gain to investors that are ready to take the risk. All the data for this article were taken from Yahoo Finance and finviz.com. on July 23, before the market open.

Coeur Mining, Inc. (NYSE:CDE)

Coeur Mining, Inc., through its subsidiaries, engages in the ownership, operation, exploration, and development of silver and gold mining properties primarily in South America, Mexico, and the United States.

Coeur Mining has a very low debt (total debt to equity is only 0.14), and it has a trailing P/E of 22.36 and a forward P/E of 15.22. The price-to-sales ratio is at 1.49, and the price-to-book-value is very low at 0.59. The price to free cash flow for the trailing 12 months is very low at 7.54, and the current ratio is very high at 4.10.

CDE will report its latest quarterly financial results on August 7. CDE is expected to post a profit of $0.06 a share, a $0.20 decline from the company's actual earnings for the same quarter a year ago. The reported results will probably affect the stock price in the short term.

On July 22, the CDE stock's 10-day moving average crossed-over its 20-day moving average. That indicate an upside momentum.

All these factors - the good valuation, the upside momentum, the fact that the stock is trading way below book value, and the fact that the company is rich in cash ($3.70 a share) and has a low debt -- make CDE stock quite attractive.

(click to enlarge)

Chart: finviz.com

Hecla Mining Co. (NYSE:HL)

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, produces and markets precious and base metals worldwide.

Hecla Mining has almost no debt at all (total debt to equity is only 0.02), and it has a low forward P/E of 14.45. The price-to-book-value is very low at 0.79.

HL will report its latest quarterly financial results on August 7. HL is expected to post a profit of $0.01 a share, a $0.01 decline from the company's actual earnings for the same quarter a year ago. The reported results will probably affect the stock price in the short term.

On July 19, the HL stock's 10-day moving average crossed-over its 20-day moving average. That indicate an upside momentum.

All these factors - the good valuation, the upside momentum, the fact that the stock is trading way below book value, and the fact that the company is rich in cash ($0.59 a share) and has almost no debt -- make HL stock quite attractive.

(click to enlarge)

Chart: finviz.com

Silver Standard Resources Inc. (NASDAQ:SSRI)

Silver Standard Resources Inc. engages in the acquisition, exploration, development and operation of silver-dominant mineral properties principally in the Americas.

Silver Standard Resources has a very low debt (total debt to equity is only 0.16), and it has a very low trailing P/E of 11.89. The current ratio is very high at 9.60, and the price-to-book value is very low at 0.55.

SSRI will report its latest quarterly financial results at the beginning of August. SSRI is expected to post a loss of $0.07 a share, a $0.05 decline from the company's actual earnings for the same quarter a year ago.

On July 15, the SSRI stock's 10-day moving average crossed over its 20-day moving average. That indicate an upside momentum.

All these factors - the good valuation, the upside momentum, the fact that the stock is trading way below book value, and the fact that the company is very rich in cash ($6.15 a share) and has a low debt -- make SSRI stock quite attractive.

(click to enlarge)

Chart: finviz.com

Source: 3 Silver Stocks With Positive Momentum Trading Way Below Book Value