- The major silver miners of the leading silver-stock ETF generally reported good results in Q1. Continuing their years-old diversification trend, their silver production waned as their gold output surged.
- This ongoing shift continued to dilute the purity of the traditional silver miners, leaving their stock prices more dependent on gold than silver. Gold mining is more profitable than silver.
- The high prevailing silver prices did help drive big year-over-year surges in revenues, earnings, operating cash flows generated, and cash treasuries. Those good fundamentals should attract capital, bidding up stocks.
For further details see:
Silver Miners' Q1 2021 Fundamentals