SILVER BULL RESOURCES AT GOOD ENTRY POINT

originally published Tuesday, January 02, 2018

All Gold & Silver Stocks

Silver Bull looks very attractive here. After a long bearmarket from early 2011, it has been basing since 2015, and its volume pattern is positive and its volume indicators are very strong indeed. Good entry point here, with it not far above its rising 50-day moving average after a correction unwound an earlier overbought condition. This is especially the case given that silver’s latest COTs look very bullish indeed. Rated a strong buy here, and we will be looking at more Precious Metals stocks in the days ahead.

Silver Bull Resources website

Silver Bull Resources SVB.TSX, SVBL on OTC, closed at C$0.155, $0.123


Posted at 8.15 am EST on 2nd January 18.

The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment or securities advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market technical analyst, Clive Maund is not a Registered Investment Advisor or Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks cannot be construed as a recommendation or solicitation to buy and sell securities.