One more silver miner that looks set to bounce hard and could produce the biggest gains is Great Panther Silver(GPL_), which, together with its subsidiaries, engages in the acquisition, exploration and development of precious and base metal properties in Mexico. The company primarily produces silver, and it also produces gold, lead and zinc properties.
If you take a look at the chart for Great Panther Silver, you'll see that this stock has been in a complete downtrend since it hit a 52-week high at $5.04 back in March. During that down move, the stock has been making lower highs and lower lows as shares fell all the way to a low of $2.52 a share. However, now the stock looks like it might be ready to break out of a near-term descending trend line that sits at around $3 a share. A move above that level with strong volume could signal that a change in trend is coming for GPL.
It's also worth noting that GPL has formed a longer-term chart pattern of higher lows as long as the stock holds above $2.50 a share. Because this is a more speculative penny silver stock, I would wait for GPL to take out $3 with volume that's well above its three-month average activity of 4.2 million shares before buying. You could buy it on any weakness with a stop below $2.50, but I would only add aggressively once it took out $3.00.
Constitutional Tender Act -The United States Constitution declares, in Article I, Section 10,
"No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts". This means that no State can make something a "tender in payment" (which means they cannot "make something an offer as payment") for any debts, which would include debts owed by and to the State. However, EVERY State in the United States of America HAS made some other "Thing" an offer as payment - they have by law declared that they will accept, and pay out, Federal Reserve Notes for any debts owed by or to them. Therefore, every State is in violation of Article I, Section 10 of the U.S. Constitution. Thus the need for the "Constitutional Tender Act" -- a bill template that can be introduced in every State legislature in the nation, returning each of them to adherence to the United States Constitution's actual legal tender provisions.
Featured is the daily silver chart. The green arrow accentuates the rising trend. The RSI and MACD are turning positive from oversold levels (green lines).
The important thing is to study the fundamentals, keep your eye on your end goal, and avoid being influenced by the 'top pickers'.