Of the 4 pure Silver stocks on the ASX, ARD is the lowest market...

Of the 4 pure Silver stocks on the ASX, ARD is the lowest market cap, but in my honest opinion they shouldn't be.

SVL is targeting a resource in the vicinity of 26m+ ounces of Silver, but currently only have 10m.

ARD already has a 31.6M ounce Silver resource, yet have a market cap around 30% lower than SVL.

SVL have indicated production costs in the vicinity of $20 an ounce whereas ARDs scoping study suggested $10 (net credits from Gold and other metals).

In my opinion ARD should be trading at a higher m/cap than SVL so there is easily room here for ARDs share price to move higher.

Buyers are already building this morning at 25c and above after yesterdays strong close.

Silver up around 6% overnight. The Silver Global Miners ETF (SIL) was up over 4%.