Silver Miners: Sending Out an SSR

Silver is outperforming gold this morning, a fact which stands out considering gold is usually considered the safe haven during times of uncertainly and a bit of a fear in the equities' market. Silver, therefore, with its industrial exposure, typically takes a backseat to the store of value which gold provides. 

Thus, with SLV, the silver ETF, up nearly twice as much as gold's ETF, GLD, as I write this, it is worth noting some of the better silver miner charts.

As we noted for Members earlier, most silver mining charts remain rather sloppy and not particularly actionable for swing trades. However, it is worth keeping tabs on some of the outperforming issues.

SSR Mining Inc. (SSRM, formerly SSRI), is one such example, seen on its daily chart, below, holding its 200-day moving average nicely. While not a perfect chart, SSRM at least offers up an idea while the likes of AMZN TSLA unwind further.