This rally appears to be company-specific with a 29 cent increase 6/17 followed by a current 16 cent rally 6/18 (+29% combined), with gold/silver and the mining peers all down this week.

Educated guesses include:

1. Aggressive short-covering of the 5.22 million share position due to anticipation of metal rally, or positive news by mgmt (San Mateo ramp completion).

2. The company is "in play" with another mid-sized Mexican miner and rumors have developed or word has leaked.

3. A new large institution has intiated a position, and perhaps, the resultant bids are squeezing the shorts.

Whatever the reason, and we will probably know soon, it is a sight for sore eyes.

Silverbull50