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10/22/19 10:38 AM

#59503 RE: bunky #59501

For silver, cost for miners to take metal out the ground is about 18.5$ per ounce.

Silver has been trading below that since late 2014 pretty much. As wallstreet values companies on earnings many have been beaten into the ground due to EPS valuation on current cost of production.


Once gold stabilizes higher so will silver bringing revs into the green for silver minere that havent shown profit in years.

Every dollar above 18.5 is much added rev for many miners and the market will revalue those companies as silver price stabilizes higher year over year.