$SVN:NYSE - SILVERCORP METALS - Looking to breakout.

Looks like it could break through on volume but wait for confirmation. You could put an alert or a stop limit / market order at $4.65 to buy if it breaks. RSI looks like fair value, and OBV looks like there is demand. BB range contraction indicates it will break one way or the other soon. Silver will probably be a goto with market uncertainty. Up 80% over the last 3 months. Worth adding to your watchlist.

Silvercorp Metals Inc. (Silvercorp) is a silver-producing Canadian mining company. The Company is engaged in the acquisition, exploration, development, and mining of silver-related mineral properties in China. The Company's segments include Mining, including projects, such as Henan Luoning, Hunan, Guangdong and Other, and Administrative, which includes Beijing and Vancouver. The Company is the primary silver producer in China through the operation of over four silver-lead-zinc mines in the Ying Mining District in Henan Province, China, including SGX, HZG, TLP, Haopinggou (HPG) and the LM mines. The Company also has commercial production at its Gaocheng (GC) silver-lead-zinc project in Guangdong Province. Silvercorp's principal products and source of sales are silver-bearing lead and zinc concentrates and some direct smelting ores. The Company sells all its products to local smelters or companies in the mineral products trading business.

Comment:

Failed resistance area. That’s why you wait for confirmation so no trade taken yet. Now it’s at a 5% discount so still on the watch list.

Comment:

SVM has been running well. Just fell short of the $6 mark. Will hopefully continue its run and push through that barrier.