3 Best Silver Stocks to Buy Now
The best silver stocks are top-of-mind currently. That’s because commodity classes, especially metals like silver and gold, are considered safe havens in times of economic turmoil. Investors consider precious metals as stores of value that are more reliable than fiat currencies. This is particularly true when inflation spirals out of control, as is currently the case. June inflation reached 9.1%, which means precious metals should see renewed interest from investors. That said, silver prices haven’t moved in lockstep with Federal Reserve rate hikes and interest figures. But silver also has multiple industrial applications as well. So, it isn’t simply valuable as a precious metal and risk hedge. Let’s look at some of the best silver stocks to buy now. Best Silver Stocks: Fortuna Silver Mines (FSM) Source: Phawat | Shutterstock.com Fortuna Silver Mines (NYSE: FSM ) is definitely a risky, speculative stock. It trades well within penny stock territory at less than $3 per share. That risk comes with significant upside of roughly 59% built into its target price .
3 Best Silver Stocks to Buy Now
The best silver stocks are top-of-mind currently. That’s because commodity classes, especially metals like silver and gold, are considered safe havens in times of economic turmoil. Investors consider precious metals as stores of value that are more reliable than fiat currencies. This is particularly true when inflation spirals out of control, as is currently the case. June inflation reached 9.1%, which means precious metals should see renewed interest from investors. That said, silver prices haven’t moved in lockstep with Federal Reserve rate hikes and interest figures. But silver also has multiple industrial applications as well. So, it isn’t simply valuable as a precious metal and risk hedge. Let’s look at some of the best silver stocks to buy now. Best Silver Stocks: Fortuna Silver Mines (FSM) Source: Phawat | Shutterstock.com Fortuna Silver Mines (NYSE: FSM ) is definitely a risky, speculative stock. It trades well within penny stock territory at less than $3 per share. That risk comes with significant upside of roughly 59% built into its target price .