Three potential silver stocks for your watchlist
Silver stocks have been quite popular in the market for the past year and a half. When the pandemic swept the globe toward the end of 2020, the momentum began to build. Last year, as a result of this, silver reached a new all-time high price. Many silver stocks followed suit as a result. Then, shortly after the GameStop mania, retail investors moved their interest to silver equities. Silver stocks had a temporary surge in popularity as a result of this.
Now that the year is 2021, a variety of factors are hurting the mining industry. Inflation fears are rampant in the stock market right now. In many other parts of the world, the pandemic is still continuing strong. Although things have cooled down in the United States, the impacts are still being felt in other countries. In the long run, this may have an impact on the supply of metals like silver.
Silver is a desirable asset because it is a valuable metal that is also used in an industrial setting. Because many industrial enterprises are currently operating at full capacity, the metal’s production numbers are improving. The Global X Silver Miners ETF (NYSE: SIL) is followed by several silver equities. As a result, if this ETF rises or falls, numerous silver stocks are likely to follow suit. With all of this in mind, let’s take a look at three silver stocks that are currently performing well in the market.
Top Silver Stocks To Watch
- SilverCrest Metals Inc. (NYSE: SILV)
2. Fortuna Silver Mines Inc. (NYSE: FSM)
3. Avino Silver & Gold Mines Ltd. (NYSE: ASM)
SilverCrest Metals Inc. (NYSE: SILV)
SilverCrest Metals Inc. is a mining company that buys land, explores it, and develops various resources. The assets discussed are located in Mexico and focus on precious metals. Silver and gold are the primary resources sought. It now manages the Las Chispas project in Sonora, Mexico, which consists of 28 concessions totaling 1400.96 hectares.
On October 26th, it announced that its project construction is on schedule and budget. Its construction remains on schedule, as its Las Chispas mine’s progress was 48%. Construction progressed well during the quarter, and SILV stock has gone up in price recently. Silver prices also have a heavy impact as to how SILV stock performs.
COO Pierre Beaudoin said, “Our team and contractors, fueled by their success to date, continue to make steady progress in safely advancing the construction of the Las Chispas Project. As the Project passes its halfway mark of the construction timeline and capital spend, construction will get into its peak period, and we are increasing our focus on the operational readiness plan in preparation for plant commissioning (expected in Q2, 2022) and production ramp-up through H2, 2022.” Will you add SILV to your list of silver stocks to watch?
Fortuna Silver Mines. (NYSE: FSM)
Fortuna Silver Mines Inc. is a precious metals mining company that focuses on exploration, extraction, and processing. It goes out looking for gold, silver, zinc, and lead on a regular basis. The Caylloma and San Jose mines, as well as the Lindero gold project in Argentina, are among its principal assets.
On October 25th, the company announced an update on the status of its app for an extension of the environmental impact of authorization at this place. This is for the San Jose Mine located in Oaxaca Mexico. It will be interesting to see how this update will affect FSM stock in the market.
In other recent news, 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.” Knowing all this new info, will FSM stock enter your watchlist right now?
Avino Silver & Gold Mines Ltd. (NYSE: ASM)
The mining penny stock Avino Silver & Gold Mines Ltd. purchases, explores, mines, and advances various mineral resources. Mexico and Canada are home to the company’s properties. It has 42 mineral claims that it actively holds and four mineral claims that it rents. Avino additionally has 24 exploitation concession properties totaling more than 1200 hectares.
The business announced the results of their 2021 infill and expansion drilling in the Babicanora area on September 9th. The Babi Vista Vein, Babi Vista Vein Splay, and Granditas Vein 1 Vein are all nearing completion of planned infill drilling. Drilling initiatives run by the corporation aim to improve drill density in a given area. At Las Chispas, 80,632 meters in 176 drill holes were completed in the first seven months of the year.
CEO of SilverCrest, N. Eric Fier said, “SilverCrest’s strategy for its infill drilling program is to efficiently use our capital to optimize the LOM through increasing confidence in high-grade Inferred Resource veins proximal to planned underground infrastructure. The infill program has confirmed the presence and continuity of multi-kilogram per tonne silver equivalent grades within the footprints that helped define the veins in the 2021 Feasibility Study.” Up 3.12% in the market today, will ASM be on your list of silver stocks to watch?
Top Silver Stocks To Buy?
Creating an investment plan can be extremely helpful when it comes to investing in silver stocks. This might be as simple as being up to date on current happenings. But, in this industry, what kind of news is most beneficial? These mining stocks can be influenced by sector news, business news, and global news. With all of this knowledge, which silver stocks will you be watching this month?
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