Here are two charts of our silver producer index, which contains 14 silver stocks and is partially weighted. The index includes household names such as Silver Wheaton, Pan American, Hecla, Couer D’Alene as well as various junior producers.
The first chart dates back more than 13 years. The blue line is the 80-week moving average. The index has put in a strong base and is currently consolidating below the recent highs and the 80-week moving average.
Here is a zoomed in look. This weekly chart is as of last Friday so it does not contain this weeks trading. Nevertheless, the index remains below resistance and is consolidating for the fourth week after rising seven out of nine weeks.
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