That chart for price of silver does indeed look bullish. But comparing 1-yr charts of USSIF, SLV & SIL: USSIF dropped -20% more than SIL (silver stock ETF) & -30% more than SLV (price of silver ETF). Everyone is right that USSIF is far undervalued for the resources & production it has. And that it makes no sense for its share price to be so low.
I picked the 1-yr chart, because that's the timeframe Sprott became more heavily involved. Bought USSIF twice. Sold the first time, due to cascading lower highs & lower lows, despite the undervaluation. Then I bought it back when the Co President left & USSIF did the reverse split. Thinking, "Ok. The company did the r/s like they said, & a new President will do things to help turn the share price around." But when I saw it was more of the same, I sold again above $2.20.
Like you, I don't understand why the share price of USSIF is not higher for the production & resources it has. And I agree with everyone it Should be higher. Yet it keeps doing more of the same, even during times when other silver stocks move up. The only thing that makes sense to me, is that the stock is being played. Also, cost of production at $17.75 per ounce (or higher by now) is way too high, when most silver stocks average $5-$8 per ounce. I'm staying clear of it until it performs like it's supposed to, or at least keeping pace w. other silver stocks.
AI
