Gold has made it back into the safe 900s and Silver is attempting another run toward $15.
The HUI index which monitors gold mining companies has now hit a 7 month high:
To look at an example of how well silver mining stocks have done since silver bottomed out, please see below the chart of Silver Wheaton Corp (SLW), a Canadian silver miner:
The stock has tripled over the past 5 months.
The relatively low trading volume coupled with good performance is a likely indicator for smart money buying in.
I still like silver here and I still like gold here…