Feb 12 • 08:00 UTC 🇫🇮 Finland Yle Uutiset

The price of Sotkamo Silver's shares has multiplied in just over a month - due to the rise in silver prices

Sotkamo Silver's shares have seen a significant increase in value recently, attributed to a surge in silver prices.

Sotkamo Silver has recently experienced a remarkable increase in its share price, driven primarily by a surge in silver prices noted in January. The bank, OP Pohjola, reported an unusual uptick in trading activity among its customers, with Sotkamo Silver becoming the fourth most popular stock based on purchases and the most sold stock during the month. This interest reflects a broader revival in the silver sector, as many investors sought to capitalize on the recent volatility in silver prices.

The surge in traded securities among OP Pohjola clients correlates with a notable rally and fluctuations in silver prices, according to the head analyst Antti Saarela. Investors are actively trying to take advantage of the strong rise in silver prices and the resulting variations in Sotkamo Silver's share price. The bank's announcement highlights a significant shift in investor behavior, as Sotkamo Silver moves from obscurity to becoming one of the focal points for trading among investors.

Furthermore, Sotkamo Silver's recent announcement that its silver mine has nearly 50% more exploitable minerals than previously estimated adds to the optimism surrounding the stock. This discovery ensures that the mine will remain operational at least until 2035. This extended operational timeline, paired with the rising market prices for silver, contributes to a strengthened outlook for Sotkamo Silver, making its shares an attractive option in the current investment climate.

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