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home / news releases / SIL - Silver Trades Either Side Of $15 - Is USAS A Penny Stock Or Will It Surprise On The Upside?


SIL - Silver Trades Either Side Of $15 - Is USAS A Penny Stock Or Will It Surprise On The Upside?

In 1995, together with three other traders, I took a proprietary position in the silver market that was more substantial than the long held by the notorious Hunt brothers in the late 1970s and 1980. The size of our silver holdings rose above 250 million ounces when the price was trading at under the $5.50 per ounce level. I learned a lot about the silver market in those days when it comes to liquidity, price action, and discipline. Silver is a market that is devoid of fundamentals as its production cost is meaningless for all

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Stock Information

Company Name: Global X Silver Miners
Stock Symbol: SIL
Market: NYSE

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