Friday, February 5, 2010

Catching up with 'the small silvers' comparative

Last year we ran a series of posts that compared nine small silver miners and the benchmark silver ETF (SLV) to see how they did on a peer basis. As the final chart showed, Endeavour Silver (EDR.to) took the prize as the year's best performer.

So with a-month-and-a-bit gone, let's see how those same companies are faring in 2010. Here's the chart.......
click to enlarge

....and it's sorry sight at the moment, with none of them allowed to be 'best' and the most we can say is really 'least worst'. First place at the moment goes to Fortuna Silver, having dropped by about 4% so far this year. Second spot is taken by Bear Creek (BCM.v) and third goes to US Silver (USA.v). These are the only three above our benchmark of silver the metal as tracked by SLV.

Bottom? ECU Silver (ECU.to) as usual. The worst dog-of-dogs in 2009 is maintaining is mediocrity into 2010. Still holding, GATAfoolz?

UPDATE: I put this chart up around lunchtime and then left the office. Back after the bell and I see the whole silver sector has rallied into the bell. This is a good thing, but does make the far right of the chart above somewhat redundant. Such is life and i'll take the rally over an accurate chart anytime.