Silver Dollar Resources Inc is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada, with an emphasis on the Red Lake Mining Division. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration programs thereon. Its properties include Longlegged Lake Property and Pakwash Lake Property. – Stockhouse
Symbol: SLV.v
Market Outlook: The precious metals sector is our top pick for 2021, with the fed supporting the current economy with continuous printing and gold/ silver starting to breakout of its 5 month long consolidation 2021 will be the year of the precious metals bull run. SLV is a top pick we have highlighted due to its strength during the downturn of the precious metals sector.
Support: $1.44
- 21sma – $1.49 (Daily)
- Key Support – $1.44 (Daily)
Resistance: $1.58 | $1.63 | $1.79 | $2.00
- Upper BB – $1.57
- Key Resistance – $1.63 (Daily)
Technicals: Silver Dollar Resources has formed a double bottom at $1.45 and is now testing the trend line resistance, within the next few days SLV is going to decide which direction it will break. With silver showing strong bullish moves we belive this name breaks out in the near future.
Sentiment: BULLISH
