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Does MM like any silver plays?

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Does MM like any silver plays?

Hi MM, MM said earlier this year that it "is very bullish on silver and precious metals over the coming years". Does MM hold silver exposure at present in any of its portfolios, and does it recommend that subscribers start accumulating such exposure? If so, what stocks - either on the ASX or US markets - does MM recommend for silver exposure at and what price levels? Thanks,

Answer

Hi,

Silver tends to be a leveraged/more volatile metal than gold influenced by the same macro dynamics. We do note that Silver has more industrial applications however we’ve never really invested in Silver stocks, preferring the Golds. Domestically, Silver Mines (SVL) and Adriatic Metals (ADT) are two silver options, but we don’t know either company well enough.

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Silver $US/Oz
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