Many silver stocks look beaten up in 2017. They are either near a bottom or struggling to overcome a resistance price. Most have prices below their 50-day moving averages, and this is usually a bearish sign.

We found three silver stocks currently at or near support. These stocks could rebound off support, but the wise investor will put them on a watch list to see how they perform before buying.

Silver companies are dependent to some extent on the yield on bank CDs or Treasury bonds. As long as those instruments pay low interest, metals in general and silver, in particular, will remain attractive. Several analysts expect higher prices for silver in 2017. (See also: Why Gold and Silver Prices are Diverging.)

Let’s look at three top silver stocks and their prospects for the rest of 2017. All figures are current as of August 10, 2017.

1. Northern Dynasty Minerals Ltd.

Northern Dynasty (NDM.TO) had been in an upward trend since October 2016. It had a sharp drop in February 2017, made its way back up, than dropped again.

NDM has settled into a base. The stock will need to break upward out of this base to prevent further losses.

  • Avg. Volume: 1,209,024
  • Market Cap: $531.83 million
  • PE Ratio (TTM): -19.24
  • EPS (TTM): -0.09
  • 1y Target Est: 4.00

2. Great Panther Silver Ltd.

Great Panther (GPL) mines properties in Mexico. Though it is a silver miner, it also mines gold, lead, and zinc. The original company that became Great Panther Silver began in 1965.

This company offers stability simply for its longevity. As of this writing, it is trading at $1.27 per share, just above support. The stock has consistently found support at this level.

  • Avg. Volume: 1,469,558
  • Market Cap: $212.19 million
  • PE Ratio (TTM): 127.50
  • EPS (TTM): 0.00
  • 1y Target Est: 2.49

3. Pan American Silver Corp.

Pan American Silver (PAAS) focuses its effort on mines in Peru, Mexico, Argentina, and Bolivia. This is not a pure silver play, because the company also mines gold, zinc, lead, and copper. The company dates back to 1979.

The chart on PAAS shows that it has been in a l base since its gains in March of 2017. If it breaks below support at $15.50, the stock could have more downside coming.

  • Avg. Volume: 1,965,173
  • Market Cap: $2.44 billion
  • PE Ratio (TTM): 20.65
  • EPS (TTM): 0.77
  • 1y Target Est: 20.77

The Bottom Line

Silver itself may rise in price in 2017, but that doesn’t mean all silver miners are well-managed or that investors are buying them. The three silver stocks on this list show some promise, but they are currently suffering.

Note that two of these stocks, Northern Dynasty and Great Panther, trade below $5 per share. A stock with this low a price can have greater volatility than a higher-priced stock like Pan American. (See also: Volatility's Impact On Market Returns.)

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