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Peter Spina: Silver remains a strong buy with limited downside at current prices

Peter Spina: Silver remains a strong buy with limited downside at current prices
Silver seen as buy as costs rise

Peter Spina, CEO of GoldSeek.com, described silver as a strong buy at current levels, suggesting that prices present limited downside risks in the mid to long term while offering much higher reward potential.

He also noted that the cost of mining an ounce of silver is continuing to rise and stated that the true all-in sustaining cost (AISC) may increase from around $25–35 over the coming years.

Spina previously commented on Ethiopia's effort to expand its precious metals sector with the opening of its first gold refinery in a $50 million joint venture here. He also reported on Black Mammoth Metals' U.S. Nasdaq debut following a C$24 million funding round here. Both events reflect recent activity in the mining and metals industry.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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