Worth Taking Some Profits In Silver Stocks?

Those invested in silver stocks and/or derivatives may like to take a look at my latest article on seekingalpha – Worth Taking Some Profits In Silver Stocks?

There has been an enormous rise in the silver price year to date – as noted in Frank Holmes’ summary of the performance across all commodities in H1 2016, which puts silver at no. 1 – See: Silver Takes the Gold: Commodities Halftime Report 2016.

The rise, in particular in silver equities has been enormous with most doubling or tripling in value over the half year.  Thus it may make sense to take some profits – not necessarily all – in case the precious metals upward price path sees consolidation and/or a setback, although overall we continue to like the sector long term.

Advertisements