Surprise! Silver Stocks May Be the Biggest Beneficiaries of Gold's Recent Rally
Ready or not, here comes the gold market in full rally mode. Since the beginning of the year, spot gold prices have jumped by nearly 16%, and they're higher by better than 18% since touching a 52-week low of $1,128 an ounce back in December 2016.
A confluence of factors have come together to give the lustrous yellow metal a lift. At the top of the list, at least in the short term, has been rising levels of uncertainty. This includes the increasing potential for conflict with North Korea following its latest round of nuclear tests, as well as the possibility that Donald Trump's proposed tax cuts for corporations may be delayed or lower than expected. After all, the Republicans had no luck in repealing the Affordable Care Act despite multiple attempts.
This uncertainty is a breeding ground for investors' imaginations, and it's the perfect excuse for some investors to seek the safety that gold is perceived to provide.
Source: Fool.com
First Majestic Silver Corp. Stock
Currently there is a rather positive sentiment for First Majestic Silver Corp. with 5 Buy predictions and 0 Sell predictions.
With a target price of 7 € there is a hugely positive potential of 51.88% for First Majestic Silver Corp. compared to the current price of 4.61 €.
