With the mining industry doing so well Silver Wheaton Corp is the largest pure precious metals streaming company in the world. Streaming / royalty stocks are greatly becoming the darlings of the commodity investment world. In the precious metals sector, this type of company provides financing for mining companies in the form of an upfront cash payment in exchange for a percentage of production or revenues from the mine.
Silver wheaton corp has performed well during the 2016 bounce in commodity prices along with a few other best known streaming / royalty companies in the mining space Franco-Nevada Corp, Silver Wheaton Corp and Royal Gold Inc . These stocks have all performed well offering leverage to the underlying move of the metals. For example, while gold and silver are up around 20% year to date, the three stocks mentioned above are up 45-55% in the same time period.
#SLW Upside potential to me this pattern looks to be an Correction with uptrend to follow, the stocks anticipated growth is expected to be driven by the Company’s portfolio of low-cost and long-life assets, including precious metal and gold streams on Vale’s Salobo mine and Hudbay’s Constancia project.
WITH SILVER LOOKING TO HAVE FOUND SOME GOOD SUPPORT AND DUE FOR CORRECTION WE COULD HAVE SOME BULLISH MOVEMENT SOON TO BREAK THIS TRIANGLE
TRADE WITH CARE