Silver Miner Signal System

4 Signals | Miner Basket (HL, EXK, AG, PAAS, FNLPF) | 2008–2026

Target: Equal-weight basket of 5 liquid silver miners. Signals: Silver momentum, silver/oil ratio (margin proxy), India physical premium, LBMA backwardation. IV got zero optimizer weight — dropped. Silver/oil inverted = margin compression precedes rallies (mean-reversion).