Silver stocks with quality
There are always corrections to the precious metals, so you should not worry. Central banks are constantly expanding their balance sheets, fiat money is losing value and precious metals are retaining their value. One can only protect oneself with precious metals as well as commodity and mining stock investments.
Silver reached a seven-year high this year at $29.14 an ounce. The price then fell back to around $26 by mid-September, before reaching a level of around $24 an ounce. This is not so little and so many silver companies have seen the price rise.
There are some silver stocks that can score with quality and big price gains. Among the top five silver stocks in 2020 on the Toronto Stock Exchange (TSX), Canada's largest stock exchange, are MAG Silver and Endeavour Silver, according to a survey by Investing News Network.
MAG Silver - https://www.commodity-tv.com/play/mag-silver-project-development-overview/ - owns 44 percent of the Juanicipio Silver Project in Mexico, with partner Fresnillo, one of the largest silver producers in the world, holding the majority. MAG Silver recently reported its first production (almost 394,000 ounces of silver, 610 ounces of gold).
Endeavour Silver - https://www.commodity-tv.com/play/endeavour-silvers-ceo-about-the-upcoming-catalysts/ - is also a good investment in silver. Operating performance improved at the three producing silver mines in Mexico. H.C.Wainwrigth & Co. recommends the share as a buy. In the third quarter of 2020, revenues increased by 29 percent year on year. At the same time, the cost per ounce of silver produced declined by 68 percent - including by-products - compared to the third quarter of 2019.
Current company information and press releases from MAG Silver (https://www.resource-capital.ch/en/companies/mag-silver-corp/ ) and Endeavour Silver (https://www.resource-capital.ch/en/companies/endeavour-silver-corp/ ).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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