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Silver Mania

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Silver Mania

Physical Silver and Silver stocks have had a huge topside breakout, with gains of +200% in just days, even explorers with less than desirable grades of deposits. Is this a multi-year run or are we too late already? I could ask the same of the likes of Platinum and Palladium as well. Thanks in advance. I've been very happy with your info to date.

Answer

Hi David,

On balance we believe the risk/reward favours a major breakout by silver (Ag), especially from a risk/reward perspective, hence we took a trading position through “Shawn’s Trade ideas” last week in the locally traded silver ETF (ETPMAG) – the piece was at the bottom of the Macro Monday Report on 21/10/24.

  • We ae bullish the ETPMAG but from a trading perspective maintaining a stop at $44.
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Physical Silver (ETPMAG)
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