In-depth trading ideas

Discover detailed market analysis from traders. See how others approach this instrument, compare different strategies, and discover perspectives that can shape your own view.

Silver Dollar could fly!This is an ideal chart that could send this stock flying. A perfect double bottom, with a squeezing pattern. Sustaining above 50 cents will give this a chance to run much higher... perhaps closer to all-time highs. The purple arc is in play FOR NOW. However, I'd prefer to see more bounces off that side to be comfortable. Oh... and Sprott is a major owner of this stock. Just keep an eye on Fibs for areas you may want to sell.

My TOP10 picks list in (Silver & Gold) Mining companies 5/10 Silver Dollar Resources Inc are a silver focused junior, project generator with four exploration properties in Canada and Mexico. They have approximately 50Moz. of silver in the reserves. They have a market capitalisation of 10 million USD, which is a steal ! Recently (as of march 2024) the silver in the ground was valued at below 10 cents per Ounce ! That was the time when the price broke out of the broadening descending channel after 4 years of painful downward spiral ! Since then the price has been sitting on the support of the descending downward trend line (previous resistance that now acts as support). It has been sitting there for about 4 months. Yesterday the price shot up about 35% showing that interest for the sector is coming back after Silver has cleared the important 30$ mark. There is no need to hurry in this stock, since it will probably digest yesterdays strong move in the following days. Not financial advice but I will probably double my position soon.

by Dangermousebanana

$SLV Bull Flag Here's a bull flag on $SLV on the 30 minute. Time to see new all time highs. It's coming!

by TheStockWhisper