I took a moment last month to reflect upon the explosive profit growth that investors can anticipate from silver miners now that silver has promptly doubled in price from year-ago levels. I used First Majestic Silver
Watching the shares of silver miners plunge lower in the recent equity sell-off that has roiled financial markets worldwide, it seems the investment world has yet to come to grips with the notion that these elevated silver prices are here to stay. In fact, once silver and gold have a chance to catch their breath at these higher elevations, I expect both metals to deliver remarkable upside price momentum as their immutable safe-haven properties become more universally recognized.
On a broader scale, I join precious-metals commentator Lawrence Williams in anticipating a "quantum shift in the gold and silver stock sentiment to match that in the metals themselves." Because silver stocks have been particularly hard-hit to the downside, that is where I perceive some of the greatest upside potential. As a result, I take this opportunity to reiterate my prediction that the Global X Silver Miners ETF
The price of silver averaged $38 per ounce during the second quarter of 2011, hurdling small-cap producer Endeavour Silver
Meanwhile, shares of Hecla Mining
With a battered share price, a buried treasure in silver reserves, and an outlook for rapidly expanding low-cost production as the bull market for silver matures, I consider Hecla Mining a heavy favorite to produce one of the industry's more noteworthy advances over the years to come.