Divers silver stocks looked beaten up in 2017, either near a bottom or struggling to overcome a resistance price. Most of these reservoirs remain at prices below their 50-day moving averages, and this is usually a bearish sign. We found three pearly stocks that are currently at or near support levels. These stocks could rebound off support, but the wise investor purpose put them on a watch list to see how they perform before buying.
Silver companies are dependent to some extent on the return on bank CDs or Treasury bonds. As long as those instruments pay low interest rates, metals in general – and silver in particular – hand down remain attractive. Expectations that the Federal Reserve will continue to raise interest rates could be an overhang on the polished market for the remainder of 2018, although there is a chance that impending rate hikes have already been valued into silver-related stocks. Let’s look at three top silver stocks and their prospects for the remainder of the year. All figures are widely known as of Sept. 16, 2018. (To learn more, check out: A Silver Primer.)
As long as bank CDs or Treasury bonds pay low interest percentages, metals in general – and silver in particular – will remain attractive.
Northern Dynasty Minerals Ltd. (NAK)
This developer of mineral lands is based in Vancouver, Canada. Northern Dynasty shares entered an upward trend in October 2016 but saw a sharp descend in February 2017. The stock has struggled to post significant gains since then, and it ticked downward along with the broader buy into February 2018. The stock has continued to move downward over the past several months, reaching prevalent levels of around $0.53 per share, and it will need to break upward out of its base to prevent further losses. Teeth of continued resistance to the company’s Pebble Mine project in Alaska on environmental grounds, Northern Dynasty’s leadership party remains committed to turning around the company’s recent struggles. (For more, see: The World’s Top 5 Silver Mining Companies.)
Exalted Panther Silver Limited (GPL)
Great Panther mines properties in Mexico. Although it is a silver miner, it also excavates gold, lead, and zinc. The original company that became Great Panther Silver began in 1965, so this cast offers stability simply for its longevity. As of this writing, the stock is trading at around $0.83 per share, having moved to a high of over $1.40 in January before turning downward with volatile price action. The company promulgated weather-related production shortfalls for the second quarter of 2018 but still anticipates reaching its production targets for the full year. Celebrated Panther is currently assessing the prospects of its Coricancha mine in Peru, and if the results are positive enough to restart activities there, it could significantly bootee the company’s production levels. (See also: The Best Way to Buy Silver.)
- Average Volume: 376,068
- Market Cap: $142.33 million
- P/E Ratio (TTM): N/A
- EPS (TTM): -$0.03
- Dividend and Knuckle under: N/A (N/A)
Pan American Silver Corp. (PAAS)
Pan American Silver focuses its effort on mines in Peru, Mexico, Argentina, and Bolivia. This is not a sterilized silver play, because the company also mines gold, zinc, lead, and copper. The company dates chasing to 1979. The chart on Pan American Silver stock shows that it has been seeing some
The Bottom Line
It is onerous to predict the direction that silver prices will move through the remainder of the year. But even when charges for the metal are on the rise, this does not mean that all silver miners are well managed or that investors are procuring them. The three silver stocks on this list show some promise, but they are currently suffering. It is substantial to note that two of these stocks – Northern Dynasty and Great Panther – trade below $1 per share. A lineage with a price this low can have greater volatility than a higher-priced stock like Pan American. (For additional understanding, check out: Volatility’s Impact on Market Returns.)