There’s very few silver stocks that check all the boxes of a high quality Stage 2 breakout. Many of the major silver stocks have a lot of overhead resistance and many have remained in Stage 4 until very recently, having never formed a proper Stage 1 base. The bear market in silver has truly devastated this industry and if the bear had gone on much longer I’m sure more companies would have either gone under or merged with other companies.
MAG Silver is one of the few silver stocks without a lot of overhead resistance and is now starting to break out above resistance as silver gets ready for it next leg higher.
Disclosure: I am long MAG and SLV.
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