The Silver Trade Is On
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 11 2024
0mins
Source: Benzinga
Silver Market Analysis:
- Michael Ballanger opened a trading position in silver despite previous aversion.
- Silver (SLV:US) is up 12.44% YTD, outperforming gold (GLD:US).
- This performance confirms a new bull market in gold and miners.
- Gains expected in senior and junior developers in the future.
Fitzroy Minerals Inc. Update:
- Fitzroy Minerals Inc. is set to release an update on the Taquetren project in Argentina.
- The project is significant due to the involvement of Daniel Bussandri, known for discovering the Navidad Silver deposit.
- Taquetren is located in a mining-friendly area with identified gold-bearing zones.
- News on Chilean copper projects by the company is pending as copper prices rise.
Metals Performance Outlook:
- Morgan Stanley's Research Department ranks metals for expected performance in 2024.
- Copper and gold are at the top of the list, while uranium is ranked "bearish."
- Institutional wirehouses share a positive opinion on copper and gold developers and explorers.
Important Disclosures:
- The content provided does not guarantee accuracy or completeness and is not investment advice.
- Options and junior mining stocks involve high risk and are suitable for experienced investors.
- Consult a financial advisor if you do not understand the risks involved.
Analyst Views on PAAS
Wall Street analysts forecast PAAS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PAAS is 49.70 USD with a low forecast of 43.19 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 61.720
Low
43.19
Averages
49.70
High
55.00
Current: 61.720
Low
43.19
Averages
49.70
High
55.00
About PAAS
Pan American Silver Corp. is a producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. It owns a 100% interest in the Escobal mine in Guatemala, and it holds interests in exploration and development projects. Its segments include Silver, Gold and Other. Silver segment includes operations of La Colorada, Huaron, San Vicente, Cerro Moro, La Colorada Skarn, Navidad and Escobal. Gold segment includes operations in Dolores, Shahuindo, Timmins, Jacobina, El Penon and Minera Florida. La Colorada mine produces silver-rich lead and zinc concentrates from a flotation plant treating sulfide ore. Huaron mine produces silver-rich zinc, lead and copper concentrates using floatation technology. It owns 44% joint venture interest in the Juanicipio silver mine in Zacatecas, Mexico, operated by Fresnillo plc, along with 100% ownership of the Larder exploration project and a 100% earn-in interest in the Deer Trail exploration project.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








