Monty Rakusen
Financial markets have turned volatile around the world. That often has bullish implications for precious metals, but silver and gold have merely been treading water. Of course, that’s a much better outcome following macro events over the past week compared to cryptocurrencies.
The focus shifts back to firm-specific happenings this week when Pan American Silver (NYSE:PAAS) reports Q2 results. Volatility is high heading into the profit update, and the stock’s valuation appears fair in my view while its technical situation is mixed. I have a hold rating on PAAS, but outline key price levels to monitor – both fundamental and technical – for potential plays as the second half of 2024 unfolds.
Silver ETF (SLV) and the Silver Miners ETF (SIL) Performing In Line with the S&P 500 in 2024
Stockcharts.com
Back in May, PAAS reported a solid set of quarterly results. Q1 non-GAAP EPS of $0.01 was a beat by $0.07 while…
