Silver stocks set for huge gains in short-medium term

in #silver7 years ago

Looking at this chart, we can clearly see smart money is bullish on silver while dumb money is shorting. Its a good bet to suggest the dumb money will be doing a lot of short covering in the future. Gold is looking bullish but we need something to help push it to break out, and when it does, this will cause silver to sky rocket. I believe when it comes, we will fly through 18 dollar silver easily, in a fast move and then touch 2016 high which was slightly above 20 dollars. Assuming gold breaks out when this happens, that high in silver should be broken through somewhat easily as well. This is very likely to happen as this chart suggests.

To potentially profit from this, I am going to post 3 silver stocks that I think will benefit very nicely from this. Of course the whole sector will rise though during this period of time.

My first stock suggestion is one that I own and am still currently buying while the stock is under 8 dollars.
First majestic silver

The next 2 stocks, I do not own any share in (only for the reason that first majestic has the highest percentage of revenue come from silver). I add these though because its good to be diversified incase of bad news in one particular stock that could greatly damage the price. This will reduce risk while stilling having great upside.

Great panther silver
Endeavour silver corp

Another stock that I dont own any at the moment but may in the future is silver one resources.
This stock is a lower market cap but could be added into the other 3 to gain from the move coming in silver.
The first 3 stocks are producers, which I like better at first since they move first before money moves into smaller cap stocks like this one.

The Canadian prices (since I am Canadian eh) of these stocks are:
first majestic 7.81
silver one is 30 cents
endeavour silver is 3.09
great panther silver 1.50

Of course its your money, so dont risk what you cant afford to lose. Nothing is guaranteed. Invest safe.

I will update this in a couple of months to see the progress of these 4 stocks, if buying i would recommend buying an equal dollar amount in all four company's to not expose yourself to much to one stock. I am not doing that of course but that is because I have a very high risk tolerance and I would only be bothered but not ruined even if I was to lose half of my investment.

Sort:  

Looking at the results so far to date is good, First majestic is at 8.40 and endeavour silver is up to 3.73. Great panther and silver one are still at the same price entry pretty much but they will move once the price of silver moves. I believe the reason the other two have moved up is in anticipation of silver breaking out finally. I don't know when it will occur but silver is looking more bullish then ever when using the commitment of traders report to predict the future.

A nice move for silver today going up 44 cents. Endeavour silver is up a nice percentage from 3.09. That is roughly a 28 percent move up, while first majestic is up roughly 11 percent. Great panther is up about 2.5 percent while silver one is a small cap, so it will be late to the party to profit on. Price is unchanged for silver one which is to be expected. 17.50s is the next line we need to break through which i expect will happen, but timing is tricky to say. Stay long.

Congratulations @johnhebeincaunce! You have received a personal award!

1 Year on Steemit
Click on the badge to view your own Board of Honor on SteemitBoard.

Upvote this notificationto to help all Steemit users. Learn why here!

I should be receiving an award for helping people make money!

Coin Marketplace

STEEM 0.24
TRX 0.25
JST 0.039
BTC 92748.01
ETH 3299.45
USDT 1.00
SBD 3.26