Silvercrest Metals: My #1 Pick For 2024

Don Durrett
Investing Group Leader

Summary

  • Silvercrest Metals is a unique silver miner with a clean balance sheet, low costs, and solid free cash flow, making it a high-flyer as silver prices rise.
  • The company stands out from its peers due to its lack of significant debt and high costs, making it the highest-rated silver miner in the database.
  • The potential for a breakout in the silver market, coupled with the company's strong fundamentals, makes Silvercrest an ideal investment for those betting on higher silver prices.
  • Looking for more investing ideas like this one? Get them exclusively at Gold & Silver Mining Ideas. Learn More »

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Introduction

Silvercrest Metals (SILV) is a new mid-tier silver producer. Previously, they focused on exploration. However, they pivoted to production after the discovery of the Las Chispas deposit in Mexico.

Silvercrest is unique in that they have a clean

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This article was written by

Don Durrett
7.23K Followers

Author of How to Invest in Gold & Silver: A Complete Guide With a Focus on Mining Stocks (available on Amazon). Expert on gold and silver mining stocks. A frequent guest on investment podcasts, with a large following on X/Twitter (currently 45K followers). Plus, my own gold/silver mining stock website and Youtube channel.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of SILV either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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