Do these silver stocks have potential before the year ends?
Now that the year is 2021, a number of issues are wreaking havoc on the mining business. Inflation fears are currently rife in the stock market. The pandemic is still raging in many other places of the world. Although the situation in the United States has calmed down, the consequences are still being felt in other countries. This may have an effect on the supply of metals such as silver in the long run.
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.
Silver is a sought-after asset since it is a valuable metal that is also used in industry. The metal’s production numbers are improving because numerous industrial businesses are currently functioning at full capacity. Several silver equities trail the Global X Silver Miners ETF (NYSE: SIL). As a result, whether the price of this ETF rises or decreases, many silver stocks are likely to follow suit. With this in mind, let’s look at three silver stocks that are now outperforming the market.
Top Silver Stocks In 2021
- Avino Silver & Gold Mines Ltd. (NYSE: ASM)
- Fortuna Silver Mines Inc. (NYSE: FSM)
- SilverCrest Metals Inc. (NYSE: SILV)
Avino Silver & Gold Mines Ltd. (NYSE: ASM)
Avino Silver & Gold Mines Ltd. is a mining penny stock that buys, explores, mines, and advances various mineral resources. The company’s properties are located in Mexico and Canada. It has 42 active mineral claims and four mineral claims that it rents. Avino also has 24 exploitation concession assets totaling over 1200 hectares.
On September 9th, the company released the findings of their 2021 infill and expansion drilling in the Babicanora area. The planned infill drilling for the Babi Vista Vein, Babi Vista Vein Splay, and Granditas Vein 1 Vein is nearing completion. The corporation’s drilling programs aim to increase drill density in a specific area. In the first seven months of the year, 80,632 meters in 176 drill holes were completed at Las Chispas.
The 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.” Based on this new info, will ASM stock be on your watchlist?
Fortuna Silver Mines (NYSE: FSM)
Fortuna Silver Mines Inc. is a precious metals mining business that specializes in exploration, extraction, and processing of precious metals. It goes out on a regular basis seeking for gold, silver, zinc, and lead. Its main assets include the Caylloma and San Jose mines, as well as the Lindero gold project in Argentina.
On the 25th of October, the company provided an update on the status of its app for an extension of the environmental impact of authorisation at this location. This is for the San Jose Mine in Mexico’s Oaxaca state. It will be interesting to see how this update affects the market price of FSM stock.
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?
SilverCrest Metals Inc. (NYSE: SILV)
SilverCrest Metals Inc. is a mining business that acquires, explores, and develops property and resources. The assets under discussion are located in Mexico and are mostly comprised of precious metals. The principal resources sought are silver and gold. It is now in charge of the Las Chispas project in Sonora, Mexico, which comprises of 28 concessions covering a total of 1400.96 hectares.
It declared on October 26th that its project construction is on pace and within budget. Its construction is proceeding as planned, with the Las Chispas mine progressing at a rate of 48 percent. Construction moved smoothly during the quarter, and the price of SILV stock has recently increased. Silver prices can have a significant impact on how the 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?
Best Silver Stocks 2021?
When it comes to investing in silver stocks, making an investment plan can be highly beneficial. This might be as basic as being current on current events. But what kind of news is most beneficial in this industry? Sector news, business news, and world news can all have an impact on these mining stocks. With all of this information, which silver stocks will you be keeping an eye on this month?
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