Post by
Crashcomingsoon on Jan 02, 2024 3:25pm
Silver Miners in 2024
David Erfle Weekly Kitco Precious Metal Sector Op-Ed (mailchi.mp) Excerpt: After being relentlessly sold down to 2016 levels in relation to the silver price earlier this month, junior silver stocks are possibly the most undervalued and best investment opportunity in 2024. At the end of 2023, silver is 1/2 its all-time high from 1980, while gold is 2.5x its 1980 high. This 34-year chart shows how cheap silver is historically in relation to gold, and this chart shows SILJ possibly double-bottoming in relation to silver after reaching the uber-depressed 2016 low. When the SILJ/Silver ratio was last at 0.30 during the second week of 2016, several junior stocks zoomed 5x-10x in just six months. At this time next year, we may look back on Q4 2023 as being the lowest risk entry point for contrarian speculators to accumulate holding positions in quality junior silver stocks for outsized gains into 2025.
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