Chart Update Silver47 Exploration: Upward Trend since the Beginning of the Year

The six-month chart of the Canadian silver explorer Silver47 Exploration (TSXV AGA / WKN A408EQ) shows a steady upward movement since the beginning of the year, albeit with significant fluctuations, consistently running above the blue trend line. The 100-day line and the 18-day line were recently overcome – the price is currently about 30% above the December low.

The MACD indicator is in the process of generating a buy signal – the blue line has already managed to slightly surpass the red line. The trend confirmer is not yet above 100 (which would be positive), but has been moving upward again for a week. The Money Flow Index (volume-weighted Relative Strength RSI) has detached from its lows and is currently trading in the neutral middle – there is still room for improvement here.

Source: Comdirect

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