As we write silver is trading at $13.25/oz, as it reclaims some of the ground lost in the recent sell off. Our strategy remains pretty much the same in that we still expect a terrific end of year rally in silver prices. As you know we have been buyers over the summer but this correction certainly hit us hard, however we have not hit the sell button and we will continue to hold fast. Our cash position improved with two successful options trades so we will be looking to deploy these funds over the next week or so. The above chart shows the 40% drop in silver prices and the subsequent bounce back to $13.00.

Here is a summary of the silver stocks we are currently invested in or following (read more…)