Silver, Silver ETF And Silver Stocks Move Up: New Highs In September

Silver, silver stocks, silver ETF

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Silver blasted up to a new high in September. The 3 silver stocks listed here (and the silver ETF) joined in the fun. This other precious metal (other than gold) is a desired commodity if tariffs and rate cuts produce greater inflation, which seems likely to those paying attention to the economic environment.

When mining companies dig for silver, some also find gold as well as copper and other metals with industrial uses. So, a silver stock is likely to represent more than just a single product. These equities trade mostly on the price of the silvery substance but if enough of the other metals is found, that enters into the overall valuations.

The Silver Trust, A Silver Stocks ETF and 3 Silver Stocks

iShares Silver Trust:

This is the NYSE-traded trust designed to reflect the price of silver. The uptrend has been in place since August/September 2022. The 50-week moving average in April/May 2024 crossed above the 200-week moving average and has stayed above it since then. The relative strength indicator (RSI, below the price chart) has entered the “overbought” zone.

Global X Silver Miners ETF:

This exchange traded fund offers a diversified portfolio of silver stocks. The 50/200-day moving average crossover came in December 2024 and the price has moved steadily higher. This week’s volume is the highest level seen on the chart. The relative strength now is up in the “overbought” area.

Endeavor Silver

The Vancouver-based miner has a market capitalization of $2.26 billion. The company has producing mines in Mexico and Peru. Exploration projects are underway in Mexico and the United States. This year’s earnings are down 120% and down over the past three years by 18.21%.

The weekly price chart (above) shows extraordinary recent upward movement. The 50-week moving average in February crossed above the 200-week moving average.

First Majestic Silver

The market cap is $5.70 billion. Corporate headquarters are in Vancouver. The company has four producing mines in Mexico as well as five exploration and development projects. Earnings this year are up 235% and down by 157% over the past three years. First Majestic pays a .61% dividend.

This week the price gained 14.31%. The 50/200-week moving average crossover appears imminent.

Pan American Silver

The company, in business since 1994, is based in Vancouver. Producing mines are located in Canada, in Mexico and in several South American locations. Market cap is $15.53 billion. This year’s earnings are up 149% and down over the past three years by 12.83%. Pan American Silver pays a dividend of .92%.

Up 5.12% this week, the price hit another new high. The 50-week/200-week moving average crossover took place just as the year begin.

Stats courtesy of FinViz.com. Charts courtesy of Stockcharts.com.

No artificial intelligence was used in the writing of this post.

More analysis and commentary at johnnavin.substack.com.