I wonder if the decline of silver, and Sotkamo Silver along with it, has now begun? Trump’s speeches caused silver to drop 17%. What will happen if peace is achieved? There has been quite a bit of hype over the last year and the start of this one. I sold mine while I could still make a profit.
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If you’re interested in a smart analysis of silver’s price development, I recommend reading the posts by the author of Macro Charts on Substack. I shorted silver today using a mini future based on his analysis.
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You’re probably right. However, silver isn’t really bought for investment purposes in the same way gold is. Silver is an industrial metal. A good and important one at that. Nations build up gold reserves, but not silver.
Silver price is currently -33%, interesting to see how Sotkamo’s share price reacts on Monday. The price gains from the start of the year have been wiped out.
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Hi,
It’s nice that during this busy start to the year, there is at least some commentary regarding the company. Right at the start, I want to express my thanks to the company’s analyst for the careful and thorough reports, which help in understanding this company amidst share price fluctuations and silver price volatility. Some say they have sold and some say they have bought. A certain Canadian investor has been quietly loading up on the company in several batches, and it seems their name can be found quite high on the list. I would like to ask those of you following the company how you determine the company’s mineral and ore reserves while the price of silver lives a life of its own, and does extending the mine’s lifespan have significance regarding your investment decisions? It would be nice to hear different perspectives. At least a ten-year extension for Finland’s only silver mine: more to be mined has been found in Sotkamo | National | Yle
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I’m asking as I don’t know the company in much detail: what kind of commercial agreements does Sotkamo Silver have? Does the product being sold have some form of price hedging, or have any delivery agreements been made?
This has a significant impact on when the rise in silver prices starts to show in the company’s earnings and revenue.
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They have price hedging; if I recall correctly, the lag is around 2 months, so Q4 prices won’t be fully reflected in Q4.