SILV heading towards 4$ resistance vs channel formingCould see some gains once the 4$ resistance is cracked. May take position at bottom of channel if it formsby Happygains1
SilverCrest Metals Inc. - NYSE:$SILV On WatchWhile both Gold and Silver, the physical metals themselves, have been the recipient of a strong move this past week, there are those precious metals miners equities whom continue to display excellent technical characteristics and find themselves perched in a favorable posture. SilverCrest Metals Inc - SILV being just one that garners attention. When examining the Daily chart above, we can observe that SILV presently trades above all of its important moving averages (20/50/200 DMA's) and remains in fine technical shape. In addition, if one were to zoom-out on both the Weekly and Monthly chart duration, we can also see that SILV continues to sport a healthy look across multiple time-frames, another positive for the stock. Although further work remains, both investors/traders may want to continue to monitor the action closely in the days/weeks ahead. Should SILV be capable of taking-out the $3.90 figure at any point in the days/weeks ahead, such development would project all-time highs and Blue Skies ahead. Thus, we at insiderfinancial.com continue to monitor the name closely and have it front-and-center On Watch. by InsiderFinancial6