Most of us here at Goldtent believe Silver is not only going back to it’s ATH at 50, but many multiples of that, over time. I was a big fan of MAG silver last year around 9. Recently I took profits at 16, 17 and blew out the position at 18. MAG will be profitable but I have an alternative that I believe will perform equally if not better with a lot Less risk. Instead of going back into MAG (my targeted entry point would be to try around 14.05) I recommend PSLV. This is another Sprott, closed end investment trust that holds actual physical silver. I contend that if you get a similar entry point you will achieve comparable gains to those of MAG without the risks entailed with a miner, particularly in Mexico. I still have and will be buying a number of rocks that are mostly silver and gold and silver projects. I believe the risk reward is tilted to PSLV compared to any major silver producer in questionable jurisdictions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Most of us here at Goldtent believe Silver is not only going back to it’s ATH at 50, but many multiples of that, over time. I was a big fan of MAG silver last year around 9. Recently I took … Continue reading