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Silvercorp Metals Inc. SVM


Primary Symbol: T.SVM

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company’s strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) equity investments in potential world class opportunities; 4) ongoing merger and acquisition efforts to unlock value; and 5) long term commitment to responsible mining and ESG.


TSX:SVM - Post by User

Post by geezer21on Sep 14, 2022 11:15am
202 Views
Post# 34961743

Silver on the Move

Silver on the Move

https://highballerstocks.com/2022/09/a-mid-september-highballer-report-featuring-forum-energy-metals-defense-metals-patriot-battery-metals-teuton-resources-also-prime-mining-highgold-mining-skeena-resources-and-sokoman-minerals/

Excerpt:


The Gold price has firmed up in recent sessions in response to the Greenback’s weakness, but the real standout is Silver, printing a weighty gain of nearly 6% at the conclusion of Monday’s New York session.

Note the potential bullish MACD crossover (above chart). I know what you’re thinking… another head fake? That’s what I’m thinking too, but one of these days…

Digging deeper, Silver’s COT numbers are looking bullish.

The Fed’s decision on rates will come later this month on the heels of a two-day chin-wag (on September 21).

Expect exaggerated moves in Gold and Silver in the immediate aftermath of this upcoming FOMC event.

The FOMC meeting (and minutes) schedule for the remainder of 2022 can be found here.

The U.S. CPI schedule for the remainder of 2022 can be found here.


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