FSM a silver junior miner poised to profit on silver's momentum

AwesomeAvani Updated   
BATS:FSM   Fortuna Silver Mines Inc
FSM is on a 30-minute chart. The trade idea is that FMS suffers in drops in spot sliver but

thrives when spot silver rises as its fixed expenses in mining allow for increases in margin

in a curvilinear fashion when spot silver rises. This is more so than a senior miner such as FCX

that moves slower when metal prices rise or fall. I see the quick geopolitical dip in spot silver

as an opportunity to pick up junior miners ( including GDXJ the ETF) at a discounted price to

be held for spot silver recovery and then averaged out for realization of profits.
Trade active:
Price moved up today and so the stop loss raised above break even making the trade risk free. Full position and patient.
Sideways. Full position in patience.

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