hi traders
SVM looks good.
The price broke the downsloping resistance line .
We can observe a higher low structure.
Overall we're bullish on SVM now.
Several targets / take profit levels are show on the chart.
Stop loss can be placed below 2 $
Looking at initiating a buy position
SVM prices has been trading towards the key supporting zone.
as compared to SILVER Price as well as Silver miners ETF, SVM has fallen significantly lower due to its china mining jurisdiction.
As a contrarian im very attracted to this asymmetric reward trade
Nice Gartley here on the weekly chart with bullish divergence on the RSI. This ones a buy and hold, id expect this one to do a full return eventually, given the climate in the world right now.
Silvercorp Metals Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China and Mexico. The company primarily explores for silver, gold, lead, and zinc metals. Its flagship property is the Ying silver-lead- zinc project located in the Ying Mining District in Henan Province, China. The...
Technic is positive, financials are good enough..
I am not in this stock. :)
I have just looked into the market and this came out in 5 minutes.
Thanks.
I have been waiting for this setup to develop for a while now. Today gold is breaking above its October high. It is at the same time challenging its weekly downtrend line dating back to April 2020. With persistent inflationary pressures we already saw the energy sector being the best performing sector in October. Big money is flowing in these sectors and precious...
Silver and SVM has consolidated to new lows in 2021. Await FED printing program QE to float more QQQ.
SVM showing head and shoulders after retracing that should break upward from current position. Silver will need to get back to $25, or $28 range for really good up.
Just my opine, trade at your own risk as call for Jan in the money, or buy due to inflation...
Just for the overview.
Currently bearish in the 3D trend, but with take profit signal. I think we will oscillate between these two zones until there is a break, stood now rather downwards
SVM is great indicator for silver price. Momentum and strength signals bearish is coming to an end. I’m following Fibo50 level and cross (2days closing above) will confirm. Stay calm for now.
in the short term I think it dropped towards 4.30 because I think the silver price is falling back towards $ 19-20. as the silver price fell SVM also fell
Hey people, SILVERCORP METALS is in a bullish continuation on a large percentage of MULTI TIMEFRAME stable buying volume the shadow shows a rejection of buyers, on the daily we see a sell volume. But despite its still looking to rise it broke away from its zone of equilibrium, went to join another to fill its bullish gap, big propability of breakout this one to...
