Peruse the list for unusual activity in the derivatives market for the midweek session and you might see an intriguing name pop up: Silvercrest Metals ( SILV ). Based in Vancouver, British Columbia, Silvercrest specializes in precious metal exploration and production. Primarily, it focuses operations on its Las Chispas Mine, in Sonora, Mexico, where studies indicate that it ranks among the highest-grade primary silver projects globally . Fundamentally, this status should unequivocally represent good news. Back when the COVID-19 crisis first capsized the U.S. economy, the Federal Reserve responded with an unprecedented injection of liquidity into the monetary system. And following the recovery from the spring doldrums of 2020, both SILV stock and the underlying silver market rebounded strongly. Unfortunately, since late 2020 through the middle of 2021, silver prices largely went rangebound. From there, silver incurred a decidedly bearish downtrend. Still, it appears that the white metal bottomed late last year. And across the last several weeks, SILV stock and the underlying asset took a bullish turn. Indeed, commodities expert Thomas Bills points out that silver actually bottomed in August 2022. Further, the analyst doesn’t see any signs of the metal slowing down . In fact, Bills wrote, […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
