ok, I read their quarterly report. SVM had a bad year,or not as good as last year. They need to make the improvements theyre working on. not impossible problems. all part of developing good operations, improving safety per new regulations in China. tightening up operations.They cut back production. not a bad thing in this climate of last year. the things all good miners do.
Chartwise, its a time for SVM to hold support zones, not go soaring like EXK and all the other miners are doing. I get it now.
Today, most silver miners have soared 5%,7%, 10 %. SVM is the only silver miner on my list down, and a big down day. but IF the price holds support here at 2.70....that will be a small victory for the 2013 bottom to be in. and top zone targets around 4 dollars will be found some day. Today panic sellers dumped their shares. I am holding mine, and might likely trim the top zone a little at 4 dollars. a technical place to trim.
and 3 dollars will reestablish itself as the real bottom zone for SVM to build upon .Lets see if 2.70 area will hold as support now.
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