Downside Leverage13 Nov 2025 11:14
When silver rose 18% from the start of October to its ATH, FRES only rose 12%. However, when silver fell 14% from its peak, FRES shat the bed by 20%.
Unfortunately, this downside leverage phenomenon is not just restricted to FRES: it can be observed across the mining sector (with great regularity). The entire sector should be WAY higher at these PM prices.