During the past decade, Silver Wheaton (NYSE:SLW) has taken advantage of soaring silver prices using its unique silver streaming business model. But in the following video, Fool contributor Dan Caplinger says there will be difficult times ahead for Silver Wheaton to navigate. One of the most obvious challenges is the recent decline in silver prices.

Dan, however, does believe CEO Randy Smallwood has the experience necessary to deal with these challenges. Strategies may include obtaining better terms from existing partners such as Barrick Gold (NYSE:ABX), Goldcorp (NYSE:GG), and Hudbay Minerals (NYSE:HBM) on future contracts.

Finally, Dan cites Silver Wheaton's new partnership with Brazilian mining giant Vale (NYSE:VALE) as an example of Smallwood's willingness to take advantage of new opportunities to grow and diversify into gold.

Check out the video for more details.

Fool contributor Dan Caplinger owns shares of Silver Wheaton. The Motley Fool owns shares of Vale. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.