TheDailyGold: The Best Undeveloped Silver Project...
Published: Thu, 02/01/24
Thursday, February 1, 2024
Good Morning!
On Tuesday I interviewed Michael Konnert, the founder and CEO of Vizsla Silver. One could argue this junior company has the best undeveloped silver project.
Earlier this month the company published a very strong resource estimate for its Panuco project in Mexico. In total, it comes to +300M oz Ag-eq @ +400 g/t. The project has size and grade.
Below is a daily bar chart of Vizsla Silver on the TSX-V.
The stock enjoyed a burst of relative strength (yellow) in January around the excellent news. It pushed all the way up to significant resistance at C$2.20.
The stock reversed hard after the benefit from the SILJ rebalancing. The key support range is C$1.70-C$1.80 with the long-term moving averages at C$1.60.
For more analysis on Vizsla Silver and other silver stocks, subscribe to TheDailyGold Premium.
We will be covering Vizsla Silver in more detail in this weekend's premium update.
Thanks for reading. I wish you all great health and prosperity in 2024 and beyond.
Jordan Roy-Byrne, CMT, MFTA
Publisher, TheDailyGold
Disclaimer: This newsletter & associated content is intended for informational and educational purposes only and should not be considered personalized and individualized investment advice. Investment in the precious metals sector contains significant risks. You should consult with an investment advisor and do your own due diligence before
making any investment decisions. This email may contain certain forward looking statements which are subject to risks, uncertainties and a multitude of factors that can cause results and outcomes to differ materially from those discussed herein. TheDailyGold is compensated by companies featured in Company Interviews.
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