How Rick Rule Reinvested His Silver Gains: 5 Silver Stocks He Owns

Over the past year, the spot price of silver has surged past a 40 year record and into triple-digit territory, reaching a high of US$121 per ounce this past January.

For silver investors who bought into the physical market when the price was low, this first leg of the silver bull market has provided an opportunity to take ample profits.

At the Vancouver Resource Investment Conference, Rick Rule, proprietor at Rule Investment Media, shared his strategy for leveraging profits made in the physical silver market.

In an interview at the event with the Investing News Network (INN), Rule explained that after selling 80 percent of his physical silver position, he invested 25 percent in physical gold.

“That’s how I save. I maintain liquidity in US currency and I save in gold,” he said.

Another 25 percent went into oil and gas stocks, which Rule feels are currently undervalued. He previously discussed the oil and gas stocks he owns with INN — check out his November interview to learn which ones he likes.

What did Rule do with the remaining half of his gains from selling physical silver?

He deposited those profits into high-quality silver-mining stocks.

“My reasoning being as follows: If silver goes nowhere for a year, if it stays rangebound, the best silver producers are discounting US$45 silver a year from now. If the price is at US$75 or US$80 they’ll be discounting US$75 or US$80 silver, which means the stock will be up 50, 60, 70 percent,” said Rule.

“The speculative outlook for the silver stocks seemed to be better than the speculative outcome for silver. If silver stays flat for a year, by definition silver won’t give me any return. But if it stays flat, the silver stocks would give me 50 or 60 percent. So it was a better speculative outcome,” he added.

Here’s a look at the five silver stocks Rule invested in after selling his physical silver. Market cap figures were accurate as of February 12, 2026.