Sun Silver is a promising new silver play

Sun Silver is a promising new silver play

By the close of trading on Friday the market was rallying from the lows seen in the wave of palpations experienced in the previous two weeks. Stock prices are on the mend, or at least rallying. Anxiety levels can be lowered for the time being.

The standout though, was the gold price. It was up 2.1% on Friday night, taking it to US$2,508/oz, while silver was up 2.44%. We have been harping on about gold being the best commodity to be playing for 12 months now, and so far we have been right. Yet, there are many stock market players who haven’t embraced gold stocks. Too many punters are hanging out with dodgy critical metal positions hoping for a recovery, but that space continues to be overcrowded with disaster stories. There are many stale bulls still waiting to get out.

Sun Silver has come to the market at an opportune time with the silver price in a strong uptrend. The low grade gives excellent leverage to further price rises. This early stage of the project provides plenty of room for speculative trading. At the very least it should be on your watch list as a way to play the silver price.