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2 Stocks to Buy for Rebound in Silver Prices -Breaking

by Mike Robinson

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© Reuters. Two Stocks You Should Buy to Rebound at Silver Prices

After skyrocketing in the first half of this year, silver prices fell in September. But, the price of silver is rising due to increased demand. The industrial demand could be boosted by the passing of the bipartisan infrastructure bill this week in Congress. Given the favorable price trends, we think silver stocks Pan American Silver (NASDAQ:) and Silvercorp Metals (NYSE:) might be ideal additions to one’s portfolio now. So, let’s evaluate these companies.Silver prices were trading at their highest levels earlier this year due to a Reddit-induced rally. The September settlement of silver prices at $21.485 was the lowest since July 2020. These declines were due to signs of tightening central bank monetary policy.

Analysts expect the metal’s demand to climb 15% globally this year to 1.03 billion ounces. Given silver’s heavy industrial usage and rebounding industrial activities, spot silver prices have bounced back to settle at $24.45 per ounce. This week’s passage of the bipartisan infrastructure bill, expected to boost demand for silver in electric grids, WiFi and charging stations for electric vehicles, drove the rally. The iShares Silver Trust (NYSE:) ETF has gained 8.1% over the past month versus the broader SPDR S&P 500 ETF Trust’s (SPY) 7.1% returns.

We believe that fundamentally strong silver stocks are possible given this background Pan American Silver Corp (PAAS) and. (PAAS) Silvercorp Metals Inc . The SVM is a good bet now.

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