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
- In "Victory For Eurosceptics" British PM Will Begin Brexit Negotiations Without Parliamentary Vote | ZeroHedge
- New Lidar Chips for Self-Driving Vehicles Are Smaller Than a Dime, Cost $10 to Manufacture | Financial Sense
- Assange Promises "Most Interesting And Serious" Hillary Emails Are Yet To Come | ZeroHedge
- Harvard Professor Demands Ban On $20, $50, $100 Bills | ZeroHedge
- Meditation May Be the Key to Becoming a Better Investor | ZeroHedge
- Dutch Central Bank Refuses To Publish Gold Bar List For Dubious Reasons | ZeroHedge
- The War On Whistleblowers & Why America's Next President Will Kill Julian Assange | ZeroHedge
The most relevant financial news and articles from the Internets
- The Democrats are failing Obamacare | Business Insider
- 10 million self-driving cars will be on the road by... | Business Insider
- The 26 trickiest questions you'll have to answer if you... | Business Insider
- PSYCHOLOGIST: Here's why empathy is a bad thing | Business Insider
- Take a tour of this Chinese 'nail' neighborhood that's been in a stalemate with... | Business Insider
- 20 bad health habits to ditch in your 20s | Business Insider
- Here's which US cities have the most Olympic gold medals | Business Insider