Top Silver Stocks: 10 Reasons Why Silver Should Go Up

Unless you haven’t watched TV or looked at the news on the Internet, you already know about the short squeezes taking place in such stocks as GameStop (GME), AMC (AMC), Nokia (NOK), and Bed Bath & Beyond (BBBY).

Silver Bullion

If you pay any attention to the stock tweets on Twitter (TWTR), you will notice that silver got caught up in all the hype, especially the iShares Silver Trust ETF (SLV) and the Sprott Physical Silver Trust (PSLV).

If you are looking at silver and silver mining stocks as a long term investment, it is not the short squeeze that should be your consideration. There are actually ten reasons for investors to be bullish on silver.

  1. It is a major component of solar panels.
  2. It is a major component of electric cars.
  3. It is used in electrical components for all automobiles.
  4. Because gold has become relatively expensive, demand for silver in the jewelry industry is increasing.
  5. The U.S. Government is flooding the economy with money, making the dollar worth less and silver worth more.
  6. Governments around the world continue to mint numismatic silver coins.
  7. Silver is used in healthcare products.
  8. It is used in water purification.
  9. Interest rates are very low.
  10. Limited supply and strong demand.

If you are looking for a mining stock, here are a few to choose from.

Stock Symbol Country Market Cap P/E ratio
First Majestic Silver Corp. AG Canada 4.89B  
Avino Silver & Gold Mines Ltd. ASM Canada 162.13M  
Endeavour Silver Corp. EXK Canada 900.73M  
Fortuna Silver Mines Inc. FSM Peru 1.68B 75
MAG Silver Corp. MAG Canada 1.90B  
Pan American Silver Corp. PAAS Canada 7.36B 253
Silvercorp Metals Inc. SVM Canada 1.34B 35

One of the stocks, Pan American Silver, pays a dividend yield of 0.77%. The company increased its dividend yield by 40% last year.

Just keep in mind that the market for precious metals and mining stocks can be very volatile. Hopefully, you can strike it rich with a silver stock.

Disclosure: Author owns SLV, EXK, and AG.

Disclaimer: This article is designed to provide information. It is provided with the understanding that neither the author nor the ...

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