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
- Why Gold Is Undervalued | ZeroHedge
- Frontrunning: October 24 | ZeroHedge
- NYC Doctor Confirmed Positive For Ebola; Contact With Girlfriend (Quarantine) & 3 Others; "Unlikely" Contagious On Subway | ZeroHedge
- The Pope: “Corruption Is a Greater Evil than Sin” | ZeroHedge
- Everything You Need To Know About Blue Chip Earnings In One (Ugly) Table | ZeroHedge
- Fly Sell: $FMSA | iBankCoin.com
- 3 Things Worth Thinking About | ZeroHedge
The most relevant financial news and articles from the Internets
- Ford Jumps After Earnings Beat (F) | Business Insider
- An Uber Campaign That Promised To Pair Customers With 'Hot... | Business Insider
- Canada faces jihadist threat after home-grown attacks | Business Insider
- Notable Mergers and Acquisitions of... | StreetInsider.com
- Wanderers in fairytale run to AFC Champions League final... | Business Insider
- Pfizer Announces Eye-Popping $11 Billion Share Buyback Plan (PFE) | Business Insider
- BARCLAYS: These 25 Stocks Are Ready To Bounce Back From The... | Business Insider