Huge Day in PM stocks. Producers up between 7 and 15%. GDX up 7%. Looks like correction is over.
PAAS.to is MOTORING!
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PAAS is the NEM of silver stocks.
Certainly looks that way.
Or a big fat back test… we’ll see
https://stockcharts.com/h-sc/ui?s=SIL&p=120&yr=0&mn=3&dy=18&id=p78182131234&a=817837928&listNum=239
Cycles say the daily cycle low is almost 100% in.
There are of course no guarantees, but at a minimum silver is going to get some follow through in the days and weeks ahead. And it is possible that it makes a serious run to $40+. If we take out the August high quickly, like say in the next 6 trading days, I think that scenario becomes much more likely.
I bought when you bought on September 24th, and I was surprised you dumped your positions. Admittedly, the miners did make a marginal lower low, but gold and silver did not.