You're browsing: Home » Minco Silver Technical Breakout?



Minco Silver Technical Breakout?

Print This Post Print This Post | Topic: Silver Mining Companies — July 3rd, 2007

Minco Silver Technical Breakout

In the past few trading sessions Minco Silver has risen roughly 15% as they began their Phase V Drilling on the Fuwan Silver Project in China.

The drill program consists of 23 holes for approximately 6,000 metres of drilling and it looks like investors were getting into position in anticipation of the good news that many predict will come from this project as the stock moved higher.

Minco Silver took a bit of a hammering as it is down from over $3.40 to now about $2.40 where it is encountering some technical resistance.

However with exploration silver stocks like Minco Silver, the stock prices tends to be results driven and rises on good results but falls of negative news or even on no news at all. Therefore technical analysis is limited but we can still see that Minco Silver has consolidated and now broken out of the downwards consolidation trend.

It remains to be seen if MSV can move above $2.40 but if we see some good results coming through, it should spark the stock to move significantly above the $2.40 level. We expect the results of the drilling program to be positive and we remain holders of Minco Silver and it remains as a BUY on our silver stock portfolio.

Minco Silver trades as MSV on the TSX and is one of the smaller silver stocks that we like with a market cap of C$74.59M


Silver Prices Newsletter:


Related Articles
Silver: A Technical Breakout Could Be Weeks Away
Minco Silver Up 9.09% Yesterday
Minco Silver Corp: Appears to have formed a base
Silver Portfolio Update: 11 July 07
Minco Silver Up 5.22% Yesterday

  


No Comments »

No comments yet.

Leave a comment


Whats New
David Morgan on Trading Silver Spikes
Fantastic Buying Opportunity, BUY Silver!
Gold and Silver Investment Summit: London 2008
Golden Buying Opportunity, With a Silver Lining!
SLW: BUY!
Silver – Euphoria
Endeavour Silver Corporation: Supply and Demand!

  

Search Silver-Prices.net
 
International Speculator
Silver Price Banner: [Most Recent Quotes from www.kitco.com]
 Silver Updates by Mail
 
 
 Sponsored Information

 
 Latest News On:
 Our RSS Feed
 
 Price of Silver
 
 Categories
 
 New Comments
 
 

About Us | Disclaimer
© 2008 silver-prices.net