Constructive Chart Patterns - ImpressiveSFMI's Relative strength has been impressive and 'On Balance' Volume shows the shares are under aggressive accumulation.
Yesterday's (Monday's) trading activity was unusual with the share price rising on high volume while the general market and mining issues plunged. Obviously, some one was using the market weakness as an opportunity to buy. Silver is down sharply today, and trading at .105 while this is written suggests that didn't bother the share price much.
SFMI is one of the very few mining issues that is higher from the start of the sector correction in March 2008. It has been swimming against the tide for a good while now, and that's impressive Over the past several months or so, the pattern shows that a base has formed and the price is preparing to rise. The constructive chart pattern supports what appears to be solid fundamentals and the prospect for earnings shortly.
If you're bullish on Silver, this is a very interesting situation with substantial appreciation potential. .