Pan American Silver is directly benefiting from a secular silver shortfall, which is likely to keep silver prices high. The company's strategic moves, including the Yamana acquisition and asset divestitures, enhance its production capabilities. Additionally, its focus on deleveraging, maintaining a $0.40 annual dividend, and authorized share repurchases make it appealing to income investors. These factors are likely to positively impact PAAS's stock price in the short term.