Silver was down $1.71 today or 6.29% today from $27.21 to $25.50. We have been buyers recently and see this as another opportunity to accumulate more silver on weakness.
Our favorite play, and a “kinetic rocket” we are building in the silver sector is Alexco Resource Corp ($AXU). Alexco is a pure silver miner with +75% revenue from silver. They are located up in the Yukon and just began concentrate production at the Keno Hill Silver District Mill.
We are not alone in our bullish outlook in silver. Legendary investor Jim Rogers mentioned silver as something he is buying currently in his recent interview with Jake Ducey.
At half the price of its All Time High of around $50 way back in 1980, we still very much like silver here and believe it is very undervalued compared to other sectors in the market.