Silver This Morning
So far, Silver is trading beautifully, in line with my response to Silverboom’s question about what we saw for today. Since there has been no direct confirmation that I have seen anywhere regarding the Mexico and EU tariffs pertaining to Gold and or Silver, we didn’t get any wild upside explosion, like happened with copper. The initial pop and pullback is what I expected and IS HUGELY POSITIVE. I have been adding selectively to silver related positions. Anyone looking to add silver physical bullion should do so before it moves to $40 or $41, which I expect by the end of this week.
Hecla is one of the most frustrating stocks among the silver miners. It’s fundamentals aren’t that great, so that probably had more to do with it than anything, and it’s really struggling dewpite being the major producer of silver in the United States. I’m debating whether to sell HL to add to SILJ. I’m starting to really dislike HL.