On a day that Gold is within $3 of its all time high, Silver has hit a 30 plus year high and the Stock Market is hitting a new 52 week high, many silver mining equities are trading at prices lower than they were trading at when $Silver was a full $10 per ounce lower atthe close on April 4, 2011.
SIL closed at $28.88 on April 4th with Silver closing at $38.63.
Today, SIL is trading at $28.68 with Silver at $48.63.
I'm sure I am not the only one who hopes the expected correction in metal prices does not develop at the current price level. Wouldn't it be interesting to see the share reaction to a surprise move higher in Silver.