Fortuna Silver Mines Inc. (FSM)- Are we having a Silver moment?- The Savant
NYSE - Nasdaq Real Time Price.
2.5950+0.1150(+4.64%)
As of 10:07AM EDT.
I prefer Endeavour Silver and Silvercrest. Today I sold one of two positions in MDI at $9 and bought Silvercrest at $8.05. So far not good but most TSX commodity stocks are underplaying the commodity strength especially the silver miners. Something has to give either way last 10-15 minutes I expect some late buying. I'm also considering OceanaGold / Copper Mountain / others if I can get the rest of MDI sold at my target today. Basically lower daily range and try to catch a move. The tricky part about Fortuna and others is they have mines in politically unstable situations right now ( and some cost overruns ) but the rewards can be strong and sudden because they are dirt cheap in theory ( eg Argonaut Gold up as much as 13% today on triple normal volume ).
Still trades unless we get serious strength on one or more commodities. If Silver runs over $20 might be super interesting but I don't understand why a 5%+ move today is hardly moving the stocks.
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