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

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.....