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« Silver Wheaton: Take some profits | Main | Sell in May: Was it a good idea? »
Tuesday
Jul102007

Minco Silver Up 9.09% Yesterday

Shares in Minco Silver gained 22 cents as they rose 9.09% to $2.64 in yesterday's trading.

Minco Silver Up 9.09% Yesterday

In the last month Minco Silver has gained an incredible 20.55%, a great gain considering the lack of spark in silver prices. Indeed in the last month or so silver prices are down just over 3%, so as Minco is up over 20%, this is a great sign of strength.

This rally has taken Minco Silver up through its 50dma and it now looks raedy to test the 200dma at $2.73.

There has been no real significant news to fuel this recent rise in Minco Silver, but the stock has been sold off considerably, down from highs of $3.62 not so long ago. Perhaps investors are now realising that Minco Silver is at such a bargain that they should be buying at these levels.

Minco Silver has a great project in China, the Fuwan Silver Property, which is a world class deposit containing 128.2 million ounces of indicated and inferred silver resources.

We continue to hold Minco Silver in our portfolio of silver stocks the company trades on the TSX under the ticker MSV.

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