Silver's Breakout Drives Miners To New All-Time Highs And Presents Opportunities
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Bob Kirtley4.85K FollowersFollow5ShareSavePlay(9min)CommentsSummaryI maintain a bullish outlook on silver, driven by robust industrial demand and supply deficits since 2019.Silver has decisively broken its 45-year resistance level and is now trading above $60/oz with no historical overhead resistance.Options on silver producers like PAAS offer leveraged gains as the stock price improves, but the risk is high due to volatility and time decay.Recent regulatory shifts in India and China could further tighten supply and amplify demand, supporting the bullish thesis. Dian_S_Cahya/iStock via Getty Images Introduction As regular readers will know, my focus is totally on the gold and silver sector of the market, where I acquired physical gold and silver many moons ago so my interests now is investing in This article was written byBob Kirtley4.85K FollowersFollowBob Kirtley has traded options and stocks since 1980. Bob Kirtley spent many years working on Oil projects including some in Alberta, such as the tar sands installations in Fort McMurray. He lived and worked in many different countries, as that is the nature of the construction business. Planning and cost control are key to a projects success and he tries to apply those disciplines on a daily basis when dealing with investments. His training in such areas as SWOT and Risk analysis can be applied from time to time. His qualifications include being chartered in the United Kingdom, which is similar to that of a Professional Engineer in Canada, along with a Masters Degree in Project Management from South Bank University, London, England. He has been working for a number of years on a full time basis representing a group of investors in England.Analyst’s Disclosure:I/we have a beneficial long position in the shares of PAAS, EXK, SVM, AG, SSRM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.