Silver miners pricing still does not reflect price of physical silver. Some catch up will happen. Even if silver does not rise further, the increased revenue at current prices will allow miners to pay down debt, buy back shares, issue special dividends, and maybe acquire other properties and companies. The EPS improves in all cases even with no further rise in the precious metal.
I do like silver better than gold because of the industrial applications.
its only the second or third inning of a metals/commodities supercycle. Get some gold and silver exposure but also especially copper. Like gold and silver miners, copper miner prices are not reflecting the copper price and some analysts are calling for a 20-40 percent rise in copper pricing in 2026 alone (due to some shortages caused by both demand and by some mines have production issues/a shutdown). That could mean doubles for the copper miners.
It takes at least a decade to build a new producing metals mine, so demand increases will essentially keep the rallies moving.
Personally I have about 10-12 percent exposure to precious metal miners, and another 10 percent exposure to copper miners. All in probably 700k in those exposures in one of my accounts. I use some individual stocks but mainly ETFs.
Looking forward to a doubling by end 2026.
Oh the fun I am gonna have with the providers…!
