Silvercorp Metals Inc (SVM)

[123tom]

SVM bounces toward the 3 dollar resistance...

along with most silver miners today, and spot silver bounced a bit off its low zone. but silver isn't looking too strong these days is it. or should I say the silver manipulation and suppression is very strong these days....so down it goes. SVM has held its 2.75 support zone pretty well so far. I think theres one more plunge for SVM, to target the 2.45 shoulder, and start looking like a fair bargain there. I don't feel like buying this 2.75 area. it has that look of a sneeky rat waiting to cap the 3.oo area and send it down to test 2.50.