These 5 Silver Stocks Are Hitting New 52-Week Highs

When you own a stock and the price today is higher than it was yesterday, typically that’s good.

Higher prices is what you want when you buy and hold. When the price is higher next week, that’s good too. Next month, even better. When it’s higher than it was at anytime over the last year, that’s terrific.

These silver stocks just hit new 52-week highs. You seldom see them mentioned in the financial media because the networks are often too busy focusing on “visionary innovators” and what not, like Tesla TSLA 0.0%, Amazon AMZN -1.3% and the rest of the big name tech crowd.

So, generally unnoticed is probably a good thing for silver companies — eventually, if they keep hitting new yearly highs, they’ll get noticed. Lack of interest now means investors may have time to research and analyze before possible crowds may arrive.

Last week’s closing high is higher than last year’s late summer spike up which failed to maintain by that week’s end. So, this is a higher closing high price for Alexco Resources. Note how volume on this low-priced miner has picked up greatly from mid-2019 to the present and how that has coincided with a general upward trend in price.

Similar to the Alexco chart, you can see that last week’s closing high makes it above the closing price from mid-2019 spike upward. Take a look at how the volume has increased substantially from June, 2019 onward. Endeavor Silver mines in Canada and in Mexico.
This is one of the best-looking of the new 52-week highs among the silver stocks. Hecla is clearly breaking above the previous resistance level and it’s coming on decent buying volume. It looks as if that 2-year downtrend of the Ichimoku cloud has either ended or may be about to end.
You can see how much this stock has recovered from the mid-March “dump everything” lows. Pan American Silver is continuing the upward trend that seems to have kicked off with the May, 2019 lows. Note that the move from this year’s low at about 10 is now more than a triple at 34. It’s next to impossible to buy at exact lows but the extent of the up trend is notable.

This is another silver miner mostly undeterred by the mid-March sell-off that gripped all markets everywhere. Nice recovery, too: from a low of about 17 back then to the current price of 48. You can see the break above the previous resistance levels and the new 52-week high right now.

No guarantees exist that anything trending upward will continue to do so. These mining stocks can be volatile — so can tech stocks.

Source: These 5 Silver Stocks Are Hitting New 52-Week Highs

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