Fortuna Silver Mines is a junior Silver and Gold producer that is moving up towards Mid tier status. Their flagship mine is in Peru and have just went into commercial production on their San Jose mine in Mexico. See their website for details.
Here is a weekly chart of FSM with consolidation periods marked with the blue boxes.
If the spot price of Silver continue to appreciate from here, most solid junior and mid tier Silver miners should follow the uptrend. This may send miners like FSM to new yearly highs. The RSI on the daily and weekly charts are on the rise and may attain the 70+ overbought zone in a few weeks. Entry points are obviously on the dips and better seen on the daily chart.
Disclosure: At the time of this post (Nov 12th, 2011), long shares of FSM.
Here is a weekly chart of FSM with consolidation periods marked with the blue boxes.
Disclosure: At the time of this post (Nov 12th, 2011), long shares of FSM.
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