Although the situation where stock investors invest "purely" in silver is relatively rare, Bank of America analyst Michael Widmer recommended two stocks on Wednesday that could continue to benefit from the rise in silver.
Although the situation where stock investors invest "purely" in silver is relatively rare, Bank of America analyst Michael Widmer recommended two stocks on Wednesday that could continue to benefit from the rise in silver.
Even though silver futures have risen nearly 23% in the past three months, and gold futures have risen 8.4%, while the S&P 500 Index has risen 5%, Widmer said he still bullish on the second half of 2024 and 2025, and predicted that the average silver price in 2026 will reach $35/ounce, up 17% from the current futures price.
In North American silver stocks, Widmer gives a "buy" rating to Wheaton Precious Metals (WPM.US) and Pan American Silver (PAAS.US).
Wheaton Precious Metals is "a precious metals company, with expected 36% of its revenue in 2024 coming from silver," said Widmer. "Pan American Silver" has rich catalysts, a strong balance sheet, and provides stable production growth and stable upside potential across various assets in its portfolio."
In addition to individual company stocks, investors can also gain exposure to silver through the iShares Silver Trust (SLV.US) ETF, which has risen 23% in the past three months.
Silver Institute President and CEO Michael DiRienzo said: "Silver has a bright future in the green energy transformation. There is still room for gold prices to rise, and silver prices will rise with them."