Silver Stock Watchlist
What a week it was for Silver, I have been focused on the metal for quite some time, and it was surreal to see it finally close the week above $30.
Silver closed the week well above $30 as it broke out of a nearly decade long structure, the bigger the base the bigger the move. There will be pullbacks and consolidations along the way but I think silver is going much higher. I see our next resistance being the $35 level. I think this was the confirmation needed to bring alot of money into the mining stocks, you seen the volume pouring in yesterday.
Here is a few stocks that made my watchlist this week and have very bullish charts that aren’t too far along in their moves yet. These are all worth a deeper dive.
Southern Silver - Market cap $80 Million Canadian
I have wrote about this stock numerous times and it is up well over 100% already. This is a large position of my portfolio and the stock has great leverage to the silver price. The volume really poured in this week as we cleared important resistance levels.
Abrasilver - Market Cap $311 Million Canadian
What a week for Abra. Volume has been picking up for quite a few weeks now since Kinross took a large stake in the company. This week it closed above almost all it’s resistance. This looks like it will test it’s all time highs.
Kuya Silver - Market Cap $42 Million Canadian
Kuya is a stock that has gotten extremely beaten down, it was over $3 in 2021, and is now just over 40 cents. It has been in a tight consolidation after some nice price movement and is on watch for a breakout now. The company expects to start producing at its Peru Project in the next few months.
Silver Tiger Metals - Market Cap $90 Million Canadian
Silver Tiger has been in consolidation mode after a nice breakout in April on high volume, it was up over 13% Friday and it looks like it wants to have a continuation breakout now. They have a significant silver resource and are working on moving the project along.
Silver Storm Mining - Market Cap $84 Million Canadian
Most of the charts in the sector have a very similar look, its amazing they are still priced the way they are. With the close over $30 I expect they start to get alot more attention now. Volume has really been picking up in Silver storm over the last few weeks. It was up over 15% Friday and it looks poised for a continuation breakout.
Vizsla Silver - Market Cap $522 Million Canadian
Vizsla closed right at important resistance yesterday, it had huge volume come in this week and is on watch for a breakout. I could see it get north of $3 pretty fast.
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