Silver Rallies Through $19 Price Barrier To Push Silvercorp Metals And Aftermath Silver Higher – Mike Swanson (09/03/2019)

Yesterday the stock market dipped as a poor reading on industrial production drove some money out of the stock market and into safe havens such as bonds, gold, and silver. Silver led the way for the day with a gain of 4.88% that brought it to a close of over $19.00 an ounce for the first time in over years. The stock market is gapping up today, but silver is holding its gains showing how powerful it is.

This is a speculator move and silver is now outperforming the stock market so far year to date and popular stocks like ACB, AAPL, and NVDA. And then there are things like Bitcoin, which I really think should be sold when they have no real value beyond speculation, which are lagging the action in silver and gold now so poorly that the people in them are completely spinning their wheels now.

This move in silver helped push shares of Aftermath Silver (OTCMKTS: FLMZF) up another day for a close of 22 cents. I made Aftermath Silver my top stock pick last month. I still own it and today’s action just shows once again what is possible in the small cap world when you are in the right stock in the right sector of the market.

After the close on Tuesday Aftermath Silver announced a private placement offering for 20 cents a share CAD with a half a share warrant to purchase more shares at 25 cents CAD for an offering of up to three million CAD. Is a new price floor going to form here as more big money comes into the stock to buy?

Of course Aftermath Silver is not the only silver stock moving now. Take a look at Silvercorp Metals, which trades as SVM on the NYSEAMERICAN. It too has broken out in a huge price surge. If it would pullback or just pause here for a few weeks it would give an entry point for people who missed the move.

Silver brought excitement yesterday to people investing and trading it. Check out this tweet made by someone cheering the rally through $19.00.

I’ll be updating you on Aftermath Silver stock this month as the situation develops. If you are not on my free email list then you should get on it by going here.

-Mike

Disclosure: Michael Swanson has a position in SVM and has bought 200,000 shares in a private placement offering of Aftermath Silver announced in June that includes 100,000 warrants with a strike price of 12 cents CAD. The shares have a four month hold from the date the offering closes. Because Aftermath Silver is a small cap stock with a market cap of less than $100 million he also is placing himself on a voluntary 30-day trading restriction period from the date of this post in which he will not buy or sell a share of Aftermath Silver stock. Some members of his private Power Investor membership group have also invested in the private placement and other members may have bought the stock in the weeks and days before this post as he made it a Top Seven Trading Position in the group in June in which he tracks his most favorite positions in a model portfolio. To join the Power Investor group yourself click here.



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