Silver and silver stocks have been going through a small correction recently but not all silver stocks are following suit.

Hecla Mining has not gone through any real correction as of yet, despite the vast majority of its peers seeing drops in their stock prices.

Take Silver Standard for example, this stock has lost 20% in recent trading but its not alone as the majority of the sector is taking a breather after such a great rally since the summer.

Pan American Silver and Silver Wheaton have also corrected slightly.

Therefore it is likely the Hecla could correct soon to step back in line with other silver stocks in the industry. The technical indicators for Hecla are all overbought with the MACD, STO and RSI trading at the top of their range. Hecla is also trading way above its moving average lines and a fall back towards these levels below $10 is likely in our humble opinion. Therefore if you are thinking of purchasing a position in Hecla, it may be a good idea to wait a while until Hecla falls back to the levels of its peers.

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