So...at what price point in either the price of silver or the SLW share price will "shorts" capitulate and buy back their shorted interests? Both silver and SLW have made decent upward moves these past few days and now we have higher silver prices in tonight's aftermarket hours. Time will tell, but prices could certainly accelerate upwards...with shorts entering the market as buyers!
It is far to say that when silver moves up so does SLW but here is the thing...no one actually knows what will happen to silver, it could drop or rise or do whatever it wants too. Silver is much harder to trade and analyse compared to anything else. But i agree with the overvalue part, this stock is overvalued and is looking for a short. My opinion and the similar opinion of others is confirmed by technical analysis!