SILVER 0.30% $15.25 silver futures

silver stocks cursed

  1. 2,432 Posts.
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    Silver appears to be holding reasonably well around $34 but the same can't be said for ASX Silver stocks which look they are cursed.

    Our 2 primary Silver producers AYN & CCU aren't performing and CCU's blood letting yesterday was something to be seen.

    AYN down 70% from high's
    CCU down 68% from highs.

    Silvers explorers also haven't done well.

    ARD down 77% from high's
    IVR down 60% from high's despite being a Hot Copper darling
    SVL down 85% from high's

    There are other companies where Silver is a significant component such as KCN which is doing no better down 60% from its high's. TRY is one of the few success stories that involve Silver at its Casposo mine with its Silver by-product in ore at 115g/T (which is more than both CCU & AYN's Silver grade). Anyway TRY is only 15% down from its SP high's and performing quite nicely.
 
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