Silver stocks will continue to beat gold stocks in 2020. In the precious metals industry, gold has long taken center stage. Silver prices hit an eight-year high earlier this year when Reddit’s WallStreetBets rushed into the metal. In 2018, we saw a complete 180-degree turn in the situation. In five years, silver might reach 88 million ounces. Silver is a’metal vital for future technology,’ according to Bank of America. The bank’s top picks include SSR Mining Inc. and Pan American Silver Corp in the precious metals sector. In 2021, the metal’s average value will be $27.71 per ounce.
Insider Monkey analyzes the list of best silver mining stocks in 2021. Gatos Silver, Inc. is a silver mining company focused on high-grade silver discoveries in geopolitically stable countries. The company was established in 2009 and is based in Colorado, United States. On the list of the best silver mining stocks for 2021, it ranked tenth. Endeavour Silver Corp. is a precious metals mining company based in Mexico that owns and runs three underground silver and gold mines. The Terronera Mine Project seeks to become a leading senior silver producer for the corporation. On the list of the best silver mining stocks for 2021, it ranks eighth. With approximately 5,400 direct employees, First Majestic Silver Corp. operates four gold and silver mines. Silver production and sales account for 60% of the company’s revenue. On the list of the best silver mining stocks for 2021, it ranks seventh. Rio Tinto Group, a multinational metals and mining conglomerate, owns the firm. Turquoise Hill Resources Ltd. had a GAAP EPS of $0.48 in the second quarter of 2021. The company’s revenue increased by 14.3% year over year, reaching $317 million. By Q4 2021, the joint venture between MAG Silver Corp. and Minera Juanicipio is planned to have developed an underground mine with a processing unit capable of processing 4,000 tonnes per day. In the second quarter of 2021, the company produced 404,518 ounces of silver at an average price of $27.17 per ounce. For more details, click 10 Best Silver Mining Stocks In 2021.
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