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Discovery Silver Corp T.DSV

Alternate Symbol(s):  DSVSF

Discovery Silver Corp. is a precious metals company engaged in the acquisition, development and operation of assets. The Company’s flagship asset is its 100%-owned Cordero project, an undeveloped silver deposit, which is located close to infrastructure in a mining belt in Chihuahua State, Mexico. The key targets being evaluated include La Perla (10 kilometers (km) south of Cordero), Dos Mil Diez (immediately southwest of Cordero) and Porfido Norte (10 km north of Cordero).


TSX:DSV - Post by User

Post by kevinNashon Oct 18, 2024 6:42am
153 Views
Post# 36271123

Technical chart update

Technical chart updatePrice broke above 96c. which it was pinned under for 4 days, and ran to the next level at 1 dollar.   Next would be 1.10 and then 1.35 which it hit back in May.   Beyond that it's 1.60.  Last time it was at that level was end of 2022.  The 200 week MA is 1.32 so I see a minimum of that level short to mid term.  

With respect to silver, it has repeatedly tested 32.50 this year.  Remember last time it broke that level it quickly ran to 50USD.  And once it breaks I'd say share price here will explode.  Even without the break, I'd say this has massively lagged relative to silver and now the whole issue around a mining ban seems to be in the past, at least for DSV.  The big elepant in the room would be the company announcing an approval.  So I'd not try to get too cheeky by trading this.  Hold over night because this is when an announcement would happen.  
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