SVL 0.00% 16.5¢ silver mines limited

Silver seats going to be hard to find, page-65

  1. 899 Posts.
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    Just to show there is nothing that special happening with SVL compared to its wider peers even with the rise in the price of silver, here is a basic graph I just whipped up showing the change in the price of SVL (orange line) and SILJ (blue line) since the start of the year where I normalised their values at that time to 1. SILJ is a junior silver and gold miners ETF (and which SVL is part of) so is a true comparison to peers in this space.

    So they are tracking each other pretty much perfectly with SILJ up 14% YTD and SVL up 18%. All while silver is up 18.5% which is 'terrible' as miners are meant to be leveraging against the PoS - if they only tracked it long term I would just become a silver stacker and save myself all the grief! Hence it really is a case that the PM miners are in the doldrums even with the spectacular rise in gold and silver this year. Waiting for that worm to turn.....

    https://hotcopper.com.au/data/attachments/6103/6103444-31129a47cf859b188936943a3bc5be61.jpg
 
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16.5¢ 17.0¢ 16.5¢ $89.41K 538.2K

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