We are now a little over a month into the Stage 2 rally in silver. Typically what happens in Stage 2 moves in a sector is the strongest stocks breakout first and the weaker stocks join the rally later on. In this case EXK took a little longer to finally break above its March highs but is now doing so this week on explosive volume. Even in this holiday shortened week it’s possible EXK has one of its highest volume weeks of the year this week.
Disclosure: I am long EXK.
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