Silver, like gold, has returned to the spotlight this year with the precious metal recently trading at its highest in a year at just under $26 an ounce.
In the past month, silver prices have gone up nearly 20%, eclipsing the S&P 500’s approximate 5% gain over the same period, as well as outpacing other precious metals, including gold (9%), platinum (10%) and palladium (12%).
The boost to silver comes as the value of the US dollar, an alternative safe-haven asset, has struggled, falling about 2% over the past month and more than 9% since a 20-year peak last September.
Alien Metals Ltd (LON:UFO) is a global minerals exploration and development company that will shortly make the transition to iron ore producer. The company was formed from Arian Silver in late 2018, retaining some of the companies more valuable Mexican projects before embarking on an acquisition led strategy, headed up by an excellent geological team and targeted entirely on Western Australia.