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Is it wrong to hope spot price keeps dropping??
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<p>[QUOTE="desertgem, post: 3542542, member: 15199"]The silver mining companies use pricing contracts to protect their silver when the silver prices is dropping as it has been recently. Some have contracts so lucrative that the contract values a mining company has its highest value asset , even over the est. silver content of its mine.</p><p><br /></p><p><a href="https://www.investopedia.com/articles/investing/022516/worlds-top-5-silver-mining-companies.asp" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.investopedia.com/articles/investing/022516/worlds-top-5-silver-mining-companies.asp" rel="nofollow">https://www.investopedia.com/articles/investing/022516/worlds-top-5-silver-mining-companies.asp</a></p><p>( Wheaton Precious Metals symbol is now WPM on the NYSE) has some contracts where it can obtain silver for 4.55 per ounce. Since they haven't exercised it yet , indicates they are not concerned nor pressured yet by available amounts. IMO. Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 3542542, member: 15199"]The silver mining companies use pricing contracts to protect their silver when the silver prices is dropping as it has been recently. Some have contracts so lucrative that the contract values a mining company has its highest value asset , even over the est. silver content of its mine. [url]https://www.investopedia.com/articles/investing/022516/worlds-top-5-silver-mining-companies.asp[/url] ( Wheaton Precious Metals symbol is now WPM on the NYSE) has some contracts where it can obtain silver for 4.55 per ounce. Since they haven't exercised it yet , indicates they are not concerned nor pressured yet by available amounts. IMO. Jim[/QUOTE]
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