Opinions Richard Orrell
Royal Cdn Mint - Cdn Silver Reserves ETFMNS.TORISKYJan 29, 2026
Richard OrrellUnknown
$83.48
Stock price when the opinion was issued
$45.39
As of Jun 25, 2026. Market Open.
0
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Stockchase Research Editor: Michael O'Reilly
Global geopolitical uncertainty and tight metals supplies are keeping the interest in holding precious metals high. The Gold/Silver spread has widened back out, making this a good time to add silver. Silver is held at the Royal Canadian Mint, trades in Canadian dollars and avoids operational risk associated to owning a metals producer. We recommend setting a stop-loss at $45, looking to achieve $77 -- upside potential over 18%. Yield 0%
This has never happened to his knowledge. They can close ETFs, but usually there's an asset amount that still remains in the ETF. Though the price may come down, he doesn't see investors losing all their money because of a structural problem with the ETF.
There are a lot of stories out there about how much physical silver is out there and how much paper. Prices can go up, but when they go up fast that's when things can potentially break. As more certificates get issued, they need to keep putting more silver in the vault.
The Royal Canadian Mint should be doing its job. But these are speculative areas of the market. He'd recommend probably no higher than a 5% portfolio weighting, and certainly no higher than 10%. With this type of investment, you have to be cautious and make sure to take profits along the way. Something could happen, and you need to protect yourself.