Silver Miners' Q3 2022 Fundamentals

Nov. 26, 2022 12:03 AM ETGlobal X Silver Miners ETF (SIL)5 Comments
Adam Hamilton profile picture
Adam Hamilton
11.09K Followers

Summary

  • Silver miners are faring pretty well fundamentally despite the depressed silver prices. They are growing their collective silver production, which along with weaker gold output is boosting their relative purity.
  • That makes their stock prices more responsive to the coming higher silver levels as gold mean reverts higher to reflect this raging inflation. Silver will amplify gold’s upside like usual.
  • The silver miners are projecting lower costs in coming quarters, which along with better silver prices will boost profitability. The silver stocks’ solid fundamentals support higher prices as silver recovers.
Silver bar, ingots and coins on financial report. Growth of silver on stock market concept.

Bet_Noire

Silver and its miners’ stocks have had a tough year. They plunged with gold in spring and summer as extreme Fed tightening catapulted the US dollar parabolic. The resulting deep lows left this tiny fringe contrarian sector deeply out of favor, but it has

This article was written by

Adam Hamilton profile picture
11.09K Followers
A lifelong student of the markets, speculator, and investor, decades of experience have forged Adam into a hardcore contrarian. He believes in buying low when others are afraid, then later selling high when others are brave. He founded the financial-market research company Zeal LLC, and continues to write acclaimed weekly and monthly subscription newsletters.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I own extensive long positions in gold stocks and silver stocks which have been recommended to our newsletter subscribers.

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