Early days for Silver Mining Equities

With physical prices having risen, the share prices of silver miners have also shown form this year. It is easy to feel "late" in the context of the moves seen so far, however, in the bigger picture it is early days for both absolute and especially relative performance.

Silver mining earnings are exploding at these prices, crushing the S&P, Nasdaq and equities generally. The share prices will follow those earnings and eventually also reward with expanding multiples. It may happen quickly in a straight parabolic line but more likely it will unfold in stages over time.