Chart Update: Summa Silver Breaks Through One-year Downtrend

The twelve-month chart of the Canadian silver explorer Summa Silver (TSXV SSVR / WKN A2P4EE) lost about a quarter of its value since June of last year. In May, however, the second upward impulse of the current year began from the massive bottom between 0.25 and 0.26 Canadian dollars.

In recent days, it has made the significant jump above the red downward trend line to the round mark of CAD 0.40.

The 100-day line is approaching the 200-day line strongly and could generate a medium-term buy signal with the upward breakthrough; this was recently achieved by the MACD and the stochastic indicator (in both, the blue line crosses the red line upwards). In addition, the Chaikin Money Flow has been showing an inflow of capital into the stock for five weeks through its steady course in the green zone.

The Summa Silver chart shows promising signals — *Source: Comdirect*

Keywords

Featured Company

Further Links

Never miss important news again.

Receive exclusive updates on exciting commodity companies, market analyses, and investment opportunities directly in your inbox.

By submitting the form, you agree that your contact details will be processed for sending the newsletter.

Disclaimer

I. Information Function and Disclaimer: GOLDINVEST Consulting GmbH offers editors, agencies, and companies the opportunity to publish comments, analyses, and news on www.goldinvest.de. The content serves exclusively for general information and does not replace individual, professional investment advice. It does not constitute financial analyses or sales offers, nor is it a solicitation to buy or sell securities. Decisions made based on the published information are entirely at your own risk. No contractual relationship arises between GOLDINVEST Consulting GmbH and the readers or users, as our information relates exclusively to the company and not to personal investment decisions.

II. Risk Disclosure: The acquisition of securities involves high risks, which can lead to the total loss of the capital invested. Despite careful research, GOLDINVEST Consulting GmbH and its authors assume no liability for financial losses or for the content’s guarantee regarding timeliness, accuracy, appropriateness, and completeness of the published information. Please also note our further terms of use.

III. Conflicts of Interest: In accordance with §34b WpHG and §48f para. 5 BörseG (Austria), we point out that GOLDINVEST Consulting GmbH, as well as its partners, clients, or employees, hold shares in the aforementioned companies. Furthermore, a consulting or other service agreement exists between these companies and GOLDINVEST Consulting GmbH, and it is possible that GOLDINVEST Consulting GmbH may buy or sell shares of these companies at any time. These circumstances can lead to conflicts of interest, as the aforementioned companies compensate GOLDINVEST Consulting GmbH for its reporting.