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The 2020 second-quarter results are in for the silver miners, and the recurring trend is that AISCs are stable with a temporary uptick due to the COVID-19 mine shutdowns. The silver price has soared to the $24/ounce level (see chart below from Kitco). The combination of lower costs and higher silver prices has really infused the silver mining sector with renewed hope. Almost all of the silver miners will be posting positive earnings in Q3 2020.
First of all, let's analyse the price of silver going forward.