Silver was around 30% lower from 2016-2020 compared to today. Yet the price of this stock is clearly not reflecting silver being much higher now. Dont forget about exploration succes either!
The macroeconomic setting is also much more favourable now.
There remains little to no downside, now is a great entry point and with P/E of just 5 and P/B of 1, I believe this a no brainer.
Fundamentals are also great - production is expected to grow from today's 2,1 million Au eq. oz to 2,9 in 2023.
