Santacruz Silver Mining Ltd V.SCZ

SP trading

[tarnoir]

We're right at resistance based on previous highs back in August. If we can break through to $0.50, I think it could run. However, the more likely scenario is that we hit the temporary ceiling and fall back a bit to retrace these recent gains - given how fickle the market is these days. Volume has been or almost been 500k/day over the past 4 days, so that tells me interest is picking up in the stock. Good luck to us longs.

[tarnoir]

I know it's often difficult to run TA on small caps, but this bounce down from the ceiling @ $0.48 was classic technical resistance. A little support @ $0.44, then next major support is @ $0.40 (15 times has found support over the past year). If it retraces back to $0.40 would suggest buying that support for move back up. I know I will. Volume remains at 500k or more these days so good to see.

[tarnoir]

Textbook! Hit $0.40 solid support line, held and then bounced today. This is in the face of a down day for Ag and Zn. This is quite extraordinary if you think about it. For me this is further confirmation the SP in a bullish up channel.

[tarnoir]

Broke through some overhead resistance @ $0.48-$0.49. If can sustain close above $0.50 for a couple of days I firmly believe she will run. Where? How high? Hard to say given sky is free from any ceilings. I wouldn't be surprised if when breakout occurs will run to $1.00 or so. Volume is staying strong. Financials will be out soon. 

[greendayyyy]

Ordinary day for SCZ today. I think the next results will be negative. With the drop in the price of zinc, lead and the rise in raw materials, this could affect the results. On the positive side production should show a clear improvement. The biggest problem is the high production cost. It is absolutely necessary to go below 20$ in the next months. I am positive that SCZ will reach $1 in 2023 but

[Blazesb]

You may well be right...zinc, lead and silver too are all trending down.  However the share price is nearing all-time highs which is not the behaviour most precious metals/zinc producers are exhibiting these days. I think the market really likes the acquisitions from Glencore.  I know i do and i was highly skeptical at the time as i had owned Trevali when it got absolutely creamed after