Silver Mining Stocks are Oversold
Silver’s Open Interest is gaining and is well above 156,000. Open Interest by definition is the buyers and sellers holding their positions overnight. More and more positions are being held as the market price is dropping.
Those that understand the building pressure wait for a large price rise as the Open Interest wanes. When this happens (price rises/open interest drops) it suggests the shorts are exiting their trades.
Our top picks in the Silver Mining are as follows: EXK, MVG, and SSRI.
Over the past 12 months Endeavour Silver Corp (EXK) shares have traded between $6.15 and its 52-week high of $11.3. Endeavour Silver Corp shares are now trading with a P/E Ratio of 24.2 and EPS of 0.26.
Over the past 12 months MAG Silver Corp (MVG) shares have traded between $6.63 and its 52-week high of $13.42. MAG Silver Corp shares are now trading with a P/E Ratio of and EPS of -0.18.
Over the past 12 months Silver Standard Resources Inc (SSRI) shares have traded between $10.06 and its 52-week high of $18.34. Silver Standard Resources Inc shares are now trading with a P/E Ratio of 26.5 and EPS of 0.42.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- A Memorable Restaurant Scene | iBankCoin.com
- Get Ready for Europe to Print – Core Euro CPI Annual Rate Matches Multi-Decade Low | Financial Sense
- The Ultimate Cheat Sheet For Investing All of Your Money | Altucher Confidential
- With Droughts and Disease Hitting Livestock Around the Globe, Animal Health Care Companies More Important Than Ever | Financial Sense
- Initial Jobless Claims Jump Most In 4 Months, Continuing Claims At Best Since 2007 | ZeroHedge
- Frontrunning: April 23 | ZeroHedge
- SPECIAL EXCLUSIVE BALANCE SHEET ANALYSIS | iBankCoin.com
The most relevant financial news and articles from the Internets
- 25 Ways to Make LinkedIn Work for You | BusinessWeek
- Why Politicians Care More About Old People Than Young People In One Chart | Business Insider
- Why People Are Obsessed With Teen YouTube Star Bethany Mota | Business Insider
- Despite A Legal Tussle With EMC, Startup Pure Storage Raises $225 Million At A $3... | Business Insider
- The Most Notorious, Hilarious Twitter User In The Hamptons Is Back | Business Insider
- Shaq's LinkedIn Profile Is Perfect | Business Insider
- This Russian Subaru Commercial Is A Dash Cam Parody Featuring A Brilliant Dog | Business Insider