/biz/ - Business & Finance

Short of a catastrophic melt-down in the markets, downside risk in the silver miners is starting to look more limited. First Majestic now a dollar and a half below its February price, SILJ as a whole also lower than it was in February. How much lower can they reasonably go? GDX still 15% above its February price and 4% above its 2016 high, despite the recent downturn. Not the worst time in the world to get some exposure to silver miners if you don't have it already, while keeping cash in reserve in case we repeat the March crash.

John Howell predicting that the miners will soon go up after this pullback: https://www.youtube.com/watch?v=-LDdqcjDHGU

But David Brady saying: "Based on the Copper/#Gold ratio's relationship to the 10Y Bond Yield, the risk/reward is for higher bond yields ahead, something I have alluded to many times recently and could weigh on precious metals and miners near-term."

https://twitter.com/GlobalProTrader/status/1273614098589274117