SILV Stock Summary and Trading Ideas (Silvercrest Metals Common Shares | AMEX:SILV)

SilverCrest Metals Inc involves in the exploration, development, and extraction of silver and other precious metals. The company's properties include Las Chispas, Cruz de Mayo, El Picacho and other projects.

Silvercrest Metals Common Shares trades on the AMEX stock market under the symbol SILV.

As of April 16, 2024, SILV stock price declined to $6.99 with 736,007 million shares trading.

SILV has a beta of 0.49, meaning it tends to be less sensitive to market movements. SILV has a correlation of 0.02 to the broad based SPY ETF.

SILV has a market cap of $1.03 billion. This is considered a Small Cap stock.

Last quarter Silvercrest Metals Common Shares reported $61 million in Revenue and $.24 earnings per share. This beat revenue expectation by $17 million and exceeded earnings estimates by $.14.

In the last 3 years, SILV stock traded as high as $10.40 and as low as $4.16.

The top ETF exchange traded funds that SILV belongs to (by Net Assets): GDX, GDXJ, SILJ, SIL, GOAU.

SILV stock has underperformed the market in the last year with a return of -0.7%, while SPY returned +23.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SILV shares. However, SILV has outperformed the market in the last 3 month and 2 week periods, returning +11.3% and +2.6%, while SPY returned +6.1% and -3.4%, respectively. This indicates SILV has been having a stronger performance recently.

SILV support price is $6.84 and resistance is $7.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SILV stock will trade within this expected range on the day.