Opinions Don Vialoux
Global X Silver MinersSILTOP PICKDec 31, 2014
Stock price when the opinion was issued
As of Sep 25, 2026. Market Open.
You might be interested:
Still constructive on silver miners, they remain relatively inexpensive. Silver expected to record sixth annual supply deficit in 2026. What's changed is that manufacturers have been aggressively reusing silver, or finding alternatives. So part of the demand structure has changed, but it's still a story of scarcity.
More "explore" than "core".
(Note the short timeframe.) Still sees lots of upside on the producers in particular, on both gold and silver.
Keith RichardsETF of silver miners. If you're bullish on AI, you have to be bullish on how AI happens. Silver is both a precious metal and a consumable industrial metal. Solar panels, electronics, data centres. Supply is tight following years of underinvestment in mining. More volatile than gold, and even than stocks at times, as it responds to the business cycle.
Silver's had a big run. Pace yourself. Wait for pullbacks to add.
(Note the short timeframe.) Probably the best way to play the miners for a catchup trade in silver.
Keith RichardsHe's been selling gold to buy silver, because has a lot of catching up to gold. The difference is huge. The chart has broken out recently.
Keith Richards(Note the short timeframe.) Thinks it will go to old highs. He's been buying the producers. A better trade than gold right now, as gold's a bit overdone.
Keith RichardsLooking at the 3-year chart, it has broken down. But there's a pretty good level of support coming in. Plus fundamental reasons for owning silver -- could be a good inflation or currency hedge. Not a bad position to take advantage of the old resistance / new support level.
Keith Richards(Note the short timeframe.) Still likes silver. For someone looking for a trade, still a good place to buy with lots of upside.
Keith RichardsA bit of a laggard, and then it broke out. You just can't argue with a good old-fashioned breakout. Lots of upside on silver, because there's lots of upside on gold, because there's lots of upside on all the commodities. In a new commodity mega-cycle, mainly due to increasing power draw needed for AI, EVs, data storage, and similar trends.
Silver is going through a period of seasonal strength. It has 2 periods of seasonal strength. Usually from July right through until October of each year, but the greatest of all is from the beginning of December right through until the beginning of April. This has been trading in a range between $8.20 and $10.30 over the last 6 weeks. A break above that $10.30 level is where we are going to get the nice pop in the stock.