by Jordan Roy-Byrne, Silver Seek:
When we discuss gold stocks we often refer to gold and silver stocks. Today we take a look at the silver stocks specifically.
Below is a chart of our partially weighted producers index which contains 14 of the largest silver producers. We didn’t cherry pick the 14. We went down the list and that includes a handful of companies which have really struggled in recent years. Anyway, the 56% in the current cyclical bear is well in line with history. Previous downturns have been 51% and 49% and then 85% from 2007-2008.
Only time will tell but there is a chance that this evolving spring bottom could be the right side of a major long-term double bottom. Keep an eye on the trendline above. A break above that and the multi-year outlook becomes all the more bullish given the lack of overhead resistance.
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