What a setup for silver miners, in my view.
We’ve seen a significant selloff in these stocks since the elections, which I believe is completely unwarranted given the ongoing secular rise in underlying metal prices.
The $SIL ETF is currently retesting a 13-year resistance line that has now turned into support.
Meanwhile, the resilience of silver prices suggests they may be leading the way.
There is a big catch-up for these stocks ahead, in my opinion.