4 Gold and Silver Mining Stocks to Buy Right Now
NEM – Gold and silver were two of the strongest assets from March to August. Since then, prices have endured a correction. Find out why investors should remain bullish and consider buying miners like NGD, EXK, FSM, and NEM.
Dec 18, 2020
Gold and silver have exhibited more volatility than usual this year. Gold started the year at $1,521 and rallied 12% into March to $1,700. However, these gains quickly evaporated as the coronavirus induced sell-off turned into a liquidation event that resulted in weakness for safe assets like gold and bonds.
In hindsight, this decline was an ideal entry point as gold went on to rally 42% over the next five months and made new, all-time highs. Gold ended up topping at $2,089 in early-August. Silver also had an impressive 150% rally off its March lows to a high of $29. Notably, silver remained well-below its 2011 peak of $49.