While this is a buy tip for shares in Hochschild Mining (HOC), a FTSE 250 miner with seven producing or development projects in Peru, Chile and Argentina, the reasoning behind our call could equally apply to a leveraged silver exchange-traded product. That’s because we think 2018 will be a good year for the grey metal, and that equity investors perusing precious metals stocks should modify their pick accordingly.
IC TIP:
Buy
at
232p
Tip style
Speculative
Risk rating
High
Timescale
Short Term
Bull points
Silver fundamentals improving
Improving balance sheet
Strong recent drilling results
Fresnillo concerns
Bear points
High rating
Cost concerns