Personally I do not think the company can be blamed in any way for the weak share price. It's simply the lethargy toward Silver, a bit like Uranium in the last few years. Here's a couple of recent pieces, one from a friend who is an EW expert, and the other from my cycles man that will give us encouragement.
Gold & Silver - Upside potentialFrom an Elliott Wave perspective, Gold’s decline from this year’s May 4th peak of $2,072 to the August17th low of $1884 low displays a completed 3-Wave corrective structure (see my Daily Chart).Support now lies at $1925/$1900, to give potential for rally toward $1987/$2000 resistance (and thenonto Key $2,072).Silver now finds support at $23.50/$23.20 for rally above the Key $25.90 resistance level toward apotential Target of $34.90 over the coming months.
Silver rallied to new intra-month highs on Aug 30,fulfilling an Intra-Month V Reversal higher (initial highat start of month, low at mid-month, and rally to high-er high into month-end) and corroborating this out-look. 27.80/SIZ is the monthly LHR for Sept ’23 andan initial upside target. Multiple wave targets con-verge at ~28.00 - 29.50/SIZ and are primary 2 - 3month upside targets.
IVR Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
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