Silver Dollar could fly!This is an ideal chart that could send this stock flying.
A perfect double bottom, with a squeezing pattern.
Sustaining above 50 cents will give this a chance to run much higher... perhaps closer to all-time highs.
The purple arc is in play FOR NOW. However, I'd prefer to see more bounces off that side to be comfortable.
Oh... and Sprott is a major owner of this stock.
Just keep an eye on Fibs for areas you may want to sell.
Silver Dollar Resources Inc.
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Market insights
My TOP10 picks list in (Silver & Gold) Mining companies 5/10Silver Dollar Resources Inc are a silver focused junior, project generator with four exploration properties in Canada and Mexico. They have approximately 50Moz. of silver in the reserves.
They have a market capitalisation of 10 million USD, which is a steal !
Recently (as of march 2024) the silver in the ground was valued at below 10 cents per Ounce !
That was the time when the price broke out of the broadening descending channel after 4 years of painful downward spiral ! Since then the price has been sitting on the support of the descending downward trend line (previous resistance that now acts as support).
It has been sitting there for about 4 months. Yesterday the price shot up about 35% showing that interest for the sector is coming back after Silver has cleared the important 30$ mark.
There is no need to hurry in this stock, since it will probably digest yesterdays strong move in the following days.
Not financial advice but I will probably double my position soon.


