Silver, the poor man’s gold, is up 26% over the past 3 months and currently sitting around the $18.40USD level (while its bigger brother Gold is up 18% over the same time period). The old saying ‘a rising tide lifts all boats’ isn’t always the case when looking at the commodity against the miners producing that commodity. I wanted to share some ASX listed Silver plays that were rising with the tide today.
The first chart I will start off with is Silver. As you can see, there is no doubt that it has broken out from its long term downtrend.
Silver Mines (SVL.ASX) up 234% in 3 months.
Kingsgate (KCN.ASX) up 45% in 3 months.
Adriatic Metals (ADT.ASX) up 17% in 3 months.
Finally, I would like to finish with some great charts from @Northst18363337 on Twitter demonstrating what Silver could head to.