Are These Hot Silver Stocks Worth Watching In July 2021?
When it comes to silver stocks, they are often overlooked because many investors focus on gold stocks. It seems as if traders believe there is more profit to be made with the precious metal. But this implies that investors are overlooking other types of mining stocks. Silver stocks have performed extremely well in the last year and a half. When silver is being used more industrially, the price of silver stocks tends to rise up.
Silver is also an asset people can hold just like gold, rather than money. If the economy is able to recover more in 2021 it is possible for silver to perform even better than it is at the moment. It is important to look at news in the world, sector news, volume, and more when looking to invest. Blindly investing could potentially result in your portfolio going down in value. While sometimes people get lucky, doing research is the best option before picking a silver stock.
There are plenty of great silver stocks to watch in 2021. While they are not reaching the market highs that occurred last year, there are still many high-performing silver stocks this year. Inflation fears are creating a period of uncertainty with these mining stocks at the moment. This is pushing some investors away from the sector in fear of inflation taking place. Rest assured, there are currently some silver stocks going up in price. Let’s take a look at three that are experiencing good momentum in the market right now.
Top Silver Stocks To Watch
- Pretium Resources Inc. (NYSE: PVG)
- Endeavour Silver Corp. (NYSE: EXK)
- Fortuna Silver Mines Inc. (NYSE: FSM)
Pretium Resources Inc. (NYSE: PVG)
Pretium Resources Inc. is a silver stock that acquires, explores for, and develops precious metal resource properties. Its operations take place in both North America and South America. Primarily, Pretium looks for gold, silver, and copper deposits. Its main project is located in British Columbia, at the Brucejack project.
On June 15th, the company announced that its resource expansion drilling at the Brucejack project intersected more high-grade gold mineralization in the North Block Zone. The CEO of the company, Jacques Perron said, “These impressive results confirm high-grade gold mineralization in the North Block Zone and further extend the potential of the Valley of the Kings deposit at Brucejack. Based on the success of the second phase, we have initiated a third and fourth phase of the drill program to further delineate the potential of the North Block Zone.”
PVG stock has had its fair share of positive momentum in the last year. This is a silver stock that often moves with the price of the metal itself. Keeping this in mind, will you add PVG to your list of silver stocks to watch?
Endeavour Silver Corp. (NYSE: EXK)
Endeavour Silver Corp. is a mining stock with a primary focus on silver and gold mining. The company actively acquires, explores, develops, processes, extracts, and refines those metals at its properties. Its main properties are located in Mexico and Chile. Unfortunately like many other companies it had to stop its mining operations back in 2020. Now the company has been able to reopen most if not all of its operations.
The company reported some new numbers on July 8th. It announced reported silver and gold production numbers of 2 million ounces at an 80:1 silver to gold ratio. The company is outpacing its original 2021 production guidance for the year currently. This is great for the company, and could potentially lead to great financial results if everything goes on smoothly.
The new CEO of the company Dan Dickson accepted his role in the company recently as well. In a statement, he said, “I am excited to lead the Endeavour team into the Company’s next chapter. I want to commend our management and employees who have professionally navigated the global pandemic with care and understanding for our fellow workers, business partners, and communities. As an organization, our goal is to be a leader in our communities while delivering safe, sustainable production.” Will EXK enter your list of silver stocks to buy or sell this week?
Fortuna Silver Mines Inc. (NYSE: FSM)
Fortuna Silver Mines Inc. is a mining stock with a focus on the exploration, extraction, and processing of precious metals. It actively explores for gold, silver, zinc, and lead. Its main properties include the Caylloma and San Jose mines, as well as the Lindero gold project in Argentina.
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On June 28th, Fortuna and Roxgold Inc. announced a business combination. President and CEO of Fortuna Jorge A. Ganoza said, “The successfully completed business combination creates a low-cost intermediate gold and silver producer with four operating mines and a permitted development project. The company will benefit from a robust exploration pipeline and expanded presence in the Americas and West Africa, two of the fastest-growing precious metals producing regions in the world.”
FSM stock has had an interesting 2021. The company has experienced its share of ups and downs in the market. Currently FSM stock is lower than it started the year at. This is because FSM often follows the patterns of silver and gold prices. Will you add FSM to your silver stock watchlist?
Silver Stocks To Buy?
It can be tough deciding what the best silver stocks to buy are. That is why it is important to do a lot of research about the company and sector you plan on investing in. If you take these essential steps towards investing in a corporation it could potentially help mitigate some risk in the process. With all of this in mind, which silver stocks will make your watchlist in July 2021?
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