Will you watch these silver stocks right now?
In the year 2021, silver stocks have been in an interesting position. Retail traders were one factor that influenced silver stocks early in the year. After a big price drop, the GME stock excitement had only begun to fade. Then, according to mainstream media, retail investors on Reddit and other social media sites have switched their attention to silver. Silver’s price increased by around $5 overnight as a result of this. Silver prices and silver stock prices both dropped sharply shortly after. However, the metal managed to maintain some of its gains.
But, since that was in early 2021, where has the metal gone? The surge in silver prices in early 2021 drew a lot of attention to the sector. When it comes to metals, many investors will only look at gold stocks. Many investors were alerted to the market potential of silver stocks as a result of this.
This year has seen its fair share of ups and downs for silver stocks. However, there are a lot of silver stocks that are booming in the market right now, in November 2021. So, how do you decide which silver stocks to buy? When investing in this industry, it’s critical to keep up with the latest developments. This might be anything from industry news to company news to global news. Let’s look at three silver stocks that are now surging in the market.
Top Silver Stocks To Watch
- Fortuna Silver Mines Inc. (NYSE: FSM)
- First Majestic Silver Corp. (NYSE: AG)
- Pan American Silver Corp. (NASDAQ: PAAS)
Fortuna Silver Mines Inc. (NYSE: FSM)
Fortuna Silver Mines Inc. is a precious metals exploration, extraction, and processing enterprise. The firm is on the lookout for silver, gold, zinc, and lead deposits. Its principal assets are the Cayloma and San Jose mines, while it also administers the Lindero Gold Project.
The business announced a good construction decision for the bits Seguela gold project in Cote d’Ivoire on September 29th. The business plans to begin building of an open-pit mine at the site. It also recently provided an update on the extension of the environmental impact authorization at its San Jose Mine located in Mexico.
But what investors are really looking forward to is Fortuna’s third-quarter 2021 unaudited financial results. The company intends on releasing this new report on November 10th, 2021, at 12 p.m. Eastern time. On November 1st, FSM stock is up 2.88% in the market. With this new information in mind, will you have your eye on FSM stock this month?
First Majestic Silver Corp. (NYSE: AG)
First Majestic Silver Corp. is a mining corporation specializing in property acquisition, mineral exploration, development, and production. Silver production in Mexico is one of the company’s largest ventures. First Majestic currently owns 100 percent of the San Simas and Santa Elena mines, as well as a variety of other properties.
First Majestic released their financial results for the second quarter of 2021 on August 16th. With $154.1 million in revenue, the corporation set a new high. In addition, the average realized silver price per ounce grew from quarter to quarter. Then in October, the company reported its total production for the third quarter of 2021. From its four producing operations, First Majestic generated 7.3 million silver equivalent ounces. This was a new record for the company.
CEO and President Keith Neumeyer said, “The record quarter was primarily due to having a full quarter of production from the Jerritt Canyon operation in addition to continued strong production performance at San Dimas and La Encantada. Santa Elena is now at the cusp of a significant step-up in production and cost reduction as we prepare the plant for initial production from the Ermitaño area in the coming months.” Noting this new info, will AG be on your silver stock watchlist?
Pan American Silver Corp. (NASDAQ: PAAS)
Pan American Silver Corp. is a mining company that is now up about 3% in the market. Exploration, development, extraction, processing, refining, and reclamation of silver mines are all part of this company’s business. Its mines can be found in Mexico, Canada, Argentina, Peru, and Bolivia. The firm sells its gold, zinc, lead, and copper to various sources after completing its processes.
On August 10th, the company announced its financial results for the second quarter of 2021. The company produced 142.3 ounces of gold consolidated during the period. It made $382.1 million in revenue in 2021 during this period as well. Now the company plans to report its third-quarter 2021 unaudited results on November 9th. The company will release the results after the market closes that day. The following day, it will hold a conference call and webcast. Will you add PAAS to your list of silver stocks to watch?
Best Silver Stocks In The Market?
There are numerous silver stocks that are now surging in the market. Despite their advantages, these assets are quite volatile on the market. There is also a lot of concern about inflation in the market right now. That is why it is critical to undertake thorough research before investing in silver stocks. For the time being, which firms will be on your list of silver stocks to monitor in November?
Midam Ventures, LLC | (305) 928-8939 | 1501 Venera Ave, Coral Gables, FL 33146 | news@goldstocks.com
