The carnage in the silver miners’ stocks has been apocalyptic, fueled by the astounding COVID-19 stock panic. As terrified traders frantically dumped everything and ran for the hills, silver and its miners’ stocks crashed. That catastrophic anomaly has potentially created epic contrarian buying opportunities. The silver miners’ recently-reported Q4’19 results reveal whether their fundamentals support a massive rebound.
As long-time silver-stock traders are painfully aware, this tiny sector is no stranger to adversity. Only the most-hardened contrarians dare chasing the white metal’s occasional monster skyrocketings. Back in late February, silver was rallying nicely as gold surged over $1600 on mushrooming COVID-19 fears. But over the next 17 trading days silver collapsed 35.8%, with nearly 3/4ths of that loss in the final week alone!