Five silver investments to buy now include mining stocks, precious metals funds and Perth Mint certificates from Australia, according to a half dozen precious metals market followers.
The five silver investments to buy have begun to rise recently after trailing gold for much of the past year, and the momentum appears to be growing. Silver often follows the advance of gold but can catch up in the percentage of appreciation quickly, history has shown.
“People have fallen in love with silver but I don’t see anything stronger than that love driving the metal in the immediate future,” said Hilary Kramer, host of a national radio program called “Millionaire Maker” and head of the Value Authority and GameChangers advisory services.
“The challenge is that only 20% of silver’s price is a factor of investment markets. The rest depends on industrial and luxury markets that are unlikely to absorb what’s already a supply imbalance. Photography simply no longer consumes a lot of what the world’s mines produce, and both solar and jewelry are in decline.”
Columnist and author Paul Dykewicz interviews money manager Hilary Kramer, whose premium advisory services include 2-Day Trader, Turbo Trader,High Octane Trader and Inner Circle.
“For silver itself, I prefer Wheaton Precious Metals Corp. (NYSE:WPM), which is less about mining than pure silver trading,” Kramer said. “They know what they’re doing and pay a dividend. Rising silver prices will enhance the shareholder payout.”
Chart courtesy of www.StockCharts.com
“Probably the best stock in the space as far as relative share price performance is Pan American Silver (NASDAQ:PAAS),” said Jim Woods, who leads the Successful Investing, Intelligence Report and Bullseye Stock Trader advisory services.“That stock is outpacing 97% of all other publicly traded companies in terms of relative price strength.”
Woods uses relative price strength as a key screening tool when selecting stocks to recommend in his Bullseye Stock Trader advisory service.
Chart courtesy of www.StockCharts.com
Bob Carlson, chairman of the Board of Trustees of Virginia’s Fairfax County Employees’ Retirement System with more than $4 billion in assets, said investors need to beware that the share prices of mining companies are “far more volatile” than the prices of gold and silver themselves, he added..
Investors assessing the five silver investments to buy should keep in mind that mining company shares also are affected by factors other than the price of precious metals, said Carlson, who also leads the Retirement Watch advisory service. Those considerations include a company’s debt level, management skill, labor issues and COVID-19 risks.
Pension fund Chairman Bob Carlson answers questions from Paul Dykewicz during an interview before social distancing became the norm after the outbreak of COVID-19.
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Paul Dykewicz, www.pauldykewicz.com, is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, the Journal of Commerce,Seeking Alpha, GuruFocus and other publications and websites. Paul, who can be followed on Twitter @PaulDykewicz, is the editor of StockInvestor.com and DividendInvestor.com, a writer for both websites and a columnist. He further is editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul previously served as business editor of Baltimore’s Daily Record newspaper. Paul also is the author of an inspirational book, “Holy Smokes! Golden Guidance from Notre Dame’s Championship Chaplain,” with a foreword by former national championship-winning football coach Lou Holtz. The book is endorsed by Joe Montana, Joe Theismann, Ara Paseghian, “Rocket” Ismail, Reggie Brooks, Dick Vitale and many others.
