TMZ acquires Australia’s highest grade undeveloped silver asset
The prices of precious metals (gold and silver) have experienced slight pull back in recent months. For many, particularly leveraged early stage stocks, this suggests a likely return to form in the early months of 2021. This is especially true for silver stocks, as analysts believe the price of silver is poised to run hot next year. According to Kitco analyst Peter Hug, once industrial demand picks up, more tailwinds for silver will push the metal closer to the $35 to $40 an ounce range next year. Thomson Resources (ASX:TMZ) could be positioned to capitalise on this precious metal resurgence, with an existing gold portfolio and the pending acquisition of two silver assets. Thomson is a NSW focused explorer, set…