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Traders Workshop

Silver Stocks SSRI and PASS Buck the Trend

Commodities / Gold & Silver Stocks Aug 08, 2007 - 09:45 AM GMT

By: Bob_Kirtley

Commodities

Silver prices have risen moderately in recent trading and yet many silver stocks are falling.

Two of our silver stocks are bucking the trend in silver stocks, rising nearly 10% in the last few trading sessions. This is what we; as investors want to see, silver stocks that rise considerably when silver prices rise moderately. When silver prices rise considerably at the end of the summer, these silver stocks will lead the way to incredible gains.


the Trend in Silver

If we take a look at the chart of the XAU Index of Gold and Silver stocks, we can see that it been declining throughout the last few trading sessions.

Buck the Trend in Silver Stocks

In spite of the index taking a drop, Pan American Silver and Silver Standard have managed to put gains of nearly 10 per cent in recent trading. This shows a great deal of strength in these two silver stocks. They have not been sold off as other silver stocks have and investors have actually been buying them up.

Why?

SSRI Rising

Could it be that somewhat old-fashioned reason; good fundamentals! Silver Standard and Pan American Silver are two of the best silver companies on the market at the moment. Investors are realising what a great position these two companies are in, even at current silver prices. They are in an even better position if you believe, as we do, that silver prices are on the verge of a magnificent rally.

PAAS Bucks the Trend in Silver Stocks

These two companies have been performing exceptionally well and they will do even better over the coming months. Silver Standard made a new all time high this year, but silver prices have not made a new high! The same is true for Pan American Silver and so this shows that these companies are making good money at current silver prices and the stocks are performing accordingly. When higher silver prices come to town, these stocks will truly soar.

Pan American Silver has glowing financials that will only get better with rising silver prices. In 2005 the company had US$122.40 million in revenues and raised this to US$255.45 million in 2006. The total value of its assets also rose, from US$362.28 million in 2005 to US$680.00 million in 2006. Similarly with Silver Standard, the value of its assets are growing, from US$219.29 million in 2005, to US$471.01 million in 2006 and in Q1 2007 the total was US$512.32 million. This continued growth in both this stocks will be very beneficial to the stock price.

We think silver prices are in for another great rally at the end of the summer and these two silver stocks will be the leading the surge that will take place in silver stocks worldwide. We continue to be shareholders in both of these companies and we are keeping them as a BUY in our free silver portfolio . You can keep updated on the latest in the silver market by subscribing to our silver newsletter free of charge.

Silver Standard trades as SSRI on NASDAQ, SSO on TSX and Pan American Silver trades under PAAS on NASDAQ, PAA on TSX.

For ideas on which silver stocks to invest in, subscribe to the Silver Prices newsletter at Silver-Prices.net completely free of charge.

By Bob Kirtley
www.silver-prices.net

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.

DISCLAIMER : Silver Prices makes no guarantee or warranty on the accuracy or completeness of the data provided on this site. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This website represents our views and nothing more than that. Always consult your registered advisor to assist you with your investments. We accept no liability for any loss arising from the use of the data contained on this website. We may or may not hold a position in these securities at any given time and reserve the right to buy and sell as we think fit.

Bob Kirtley Archive

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