ASX Silver Stocks – August update
I last posted on ASX silver stocks on 27 May 2020. Since then the post has averaged about 30 views per day, quite high for a non-promoted blog. But perhaps not surprising given the out-performance of silver since then. Silver peaked at USD29.50/oz on 6 August, it has had a pullback since to USD25.69 at time of writing. There may be more profit-taking ahead, but I have little doubt we will see a second leg up.
Read the 27 May post here and a post on the gold-silver ratio here.
The table below shows stock price charges since 27 May.
| Company | ASX Code | Share Price (c) 27 May 2020 | Share Price (c) 12 August 2020 | Percent Change |
| Adriatic Metals | ADT |
115 |
251 |
218% |
| Aeon Metals | AML |
9.5 |
15.5 |
163% |
| Argent Minerals | ARD |
1.7 |
5.5 |
324% |
| Austral Gold | AGD |
15 |
24 |
160% |
| Azure Minerals | AZS |
9.2 |
16.5 |
179% |
| Equus Mining | EQE |
1 |
2 |
200% |
| Horizon Minerals | HRZ |
11.5 |
18.5 |
161% |
| Investigator Res. | IVR |
1.8 |
5.5 |
306% |
| Kingsgate Consol. | KCN |
44 |
63 |
143% |
| Kingston Res. | KSN |
18.5 |
25.5 |
138% |
| Myanmar Metals | MYL |
5.4 |
10 |
185% |
| New Century | NCZ |
23 |
20 |
87% |
| Newcrest Mining | NCM |
3168 |
3524 |
111% |
| OZ Minerals | OZL |
944 |
1425 |
151% |
| Pacifico Minerals | PMY |
0.6 |
2.7 |
450% |
| PNX Metals | PNX |
0.8 |
1.2 |
150% |
| Red Metal | RDM |
9 |
16 |
178% |
| Rimfire Pacific | RIM |
0.8 |
0.6 |
75% |
| Sandfire Resources | SFR |
440 |
512 |
116% |
| Silver Mines | SVL |
12.5 |
16.5 |
132% |
| South32 | S32 |
190.5 |
224 |
118% |
| Troy Resources | TRY |
9.4 |
12.4 |
132% |
| Valor Resources | VAL |
0.15 |
0.5 |
333% |
| White Rock Min. | WRM |
50 |
67 |
134% |
| Average |
181% |
|||
| Median |
155% |
These are impressive performances for less than 3 months, however it must be noted that a strong gold price has also had a significant influence on share prices.
Finally, a comment on one of my favourite silver stocks, SVL. The chart below shows the low in March and then the strong increase since late July. The peak of the cycle was 29.5c on August 7. Several other stocks show a similar pattern.
Given that the gold silver ratio is still quite high at 76, watch out for the next leg up for silver.
Chart Courtesy Commsec