Commodity Trade Mantra

Posts Tagged ‘Silver Mining Company’

Silver Prices Form Bullish Reversal - Silver Seems Ready to Rally

The iShares Silver Trust (SLV) is an ETF that tracks the performance of the underlying holdings in the London Silver Fix Price. Shares of the fund were down 24% in the last half of 2016, but over the last several months they have been consolidating in an inverse head-and-shoulders basing formation. Technical indicators suggest the fund is ready to break out, reversing a six-month downtrend.

Primary Silver Mining Company To Cut Production 25% In 2016

The low price of silver has finally claimed is first victim. Endeavour Silver announced that it will cut silver production of one of their mines by 25% in 2016 & put it on care and maintenance. It will be interesting to see if other primary silver mining companies also announce a cut back in production this year.

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