Sprott Money website just sold out of silver.
Latest numbers from Frankfurt:
Bayhorse Silver +70%
Silver Spruce Resources +36%
First Majestic +35%
Impact Silver +24%
Silver One +24%
Canada Silver Cobalt Works +21%
Silver stocks without “silver” in the name like Viscount Mining, Nicola Mining, Irving Resources, Mountain Boy Minerals, and Blue Lagoon Resources, are still essentially flat.
>>27333003
>how do silver stocks pump so hard when the physical Ag metal price barely pumps (at least in EU)?
Newcomers might not be aware of a little secret which we have talked about on /pmg/ for some time. When silver merely doubled in the '60s silver bull market, the average silver penny stock went up _150x_ in price. Silver miners provide unbelievable leverage to the price of silver. This is because every dollar which silver goes up by is pure profit for them. For example, it has been calculated, from an objective view of future cash flow, that First Majestic Silver (a mid-tier) would go 10x at $50 silver, and Bayhorse Silver (a microcap) 100x. Even if you bought the top of whatever silver stock goes up the most today, you would still be getting in essentially at the bottom of this bull market. Given where silver is going (at least 40x to $1000 to reach fair value), these silver stocks are going to increase hundreds or even thousands of times in price.