Discovery Silver Corp T.DSV

Technical Chart

[kevinNash]

It's an explosive day today.  Price has surged above it's 200dma and it's 100dma. 88c last I looked.  It did touch 1.34 in May so I'm expecting a retest of that level even possibly next week.   Silver is agian testing 32.50 which is a big level to signal a break out.  Last time Silver broke 32.50 was 2010 when it spiked to 50USD.

[kevinNash]

Also Massvie volume today.  This thing should be pushing it's ATH of 2.90. 

[kevinNash]

In the bigger picture, the 100 week moving average is 92c and 200 week is at 1.33.  I'm expecting a break above the 100 week on Monday or Tuesday and that should spur traders/shorts to drive share price higher.  This thing can move very quickly so let's see when it takes a run at the 1.35 level.   Obviously 2 things can drive this much higher.  News out of Mexico about

[kevinNash]

Price held above the 15min 50 MA.  Just under the big 100 week MA at 92c.  Once this blows above it's 1 buck, 1.10 then 1.35.    Silver had a pullback as well today but SP is very undeervalued imo relative to silver prices.  Last time silver was pushing this level was 2010-2012 when it spiked to 50USD.   A shame this cloud and FUD around permits has hung over