More marginal silver producers have outperformed higher-quality ones in the recent rally because less-efficient companies with low margins and high costs generate higher margin expansion when prices rise.
causalpending
Speaker
Rick RuleEvidence Quote
“What's happened interestingly is that uh the silver stocks that have performed have been the more marginal ones. Now there's some rationale for that. If the silver price increases, ironically, the less efficient companies generate higher margin growth because they had low margins, high cost to begin with.”
Created: 8/13/2026, 10:19:24 AM
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