SVM - Silver Miners' Q3'20 Fundamentals

• The major silver miners reported strong Q3 results. Their collective gold and silver outputs rebounded sharply from Q2’s lockdowns. But lingering COVID-19 impacts still left production considerably lower than Q3'19.
• The miners still cut costs in that environment, contributing to outstanding earnings. The highest prevailing silver prices in many years fueled big growth in profits, sales, and operating cash flows.
• With silver remaining high despite being in a healthy correction, silver miners’ super-bullish trend of fast-improving fundamentals is likely to continue. That portends much-higher silver-stock prices in silver's next upleg.

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