Silver Stocks Look Undervalued

Written By Luke Burgess

Posted March 14, 2016

The price of gold has pulled back in the past two day on profit taking following the ECB’s announcement to decrease its interest rates to -0.4%. Since that time, gold prices are down about 2.0%.

Meanwhile, silver prices have held steady, tacking on a slight gain of 0.3% over the same time.

silver price 0316 2 silver price 0316 1
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However, the drop in gold prices has caused all mining stocks to pullback – even companies that predominately produce silver.

As a result, I think silver stocks could be generally undervalued right now.

Company Symbol Change Since Friday’s
Peak in Gold Prices
Pan American Silver NASDAQ: PAAS -4%
Silver Wheaton NYSE: SLW -3%
Hecla Mining NYSE: HL -4%
Tahoe Resources NSYE: TAHO -3%

I recently posted an article here in Energy and Capital explaining why I really like silver in the near-term and I talk about Tahoe Resources (NYSEL TAHO) as one of my favorite silver stocks.

Check that article out here.

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Luke Burgess
Energy and Capital

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