With Precious Metals taking a beating lately many gold, silver and platinum plays have taken a good plunge and Great Panther Silver is no exception. This could be giving us a good buy opportunity with it as all indicators have become oversold and we are nearing the long-term bottom trend line. As you can see from the daily Silver chart, it seems to have found bottom and has started to move upwards. I don't think we are out of the woods yet, but if Great Panther continues down a little more and touches the trend line, I think this would be a nice entry if Silver continues its way up.

Note that there also a gap to close in the $2.20 range. The play would be an entry around $1.75 with a stop at $1.62. First target would be to close the gap at $2.20 for gains of 25.7%. Next target is the resistance line at $2.50 for gains of 42.8%. This looks like a pretty interesting play if Silver cooperates with us and turns around. Silver has been bashed a little harder in the last 60 days compared to Gold. 7% for Gold and 12% for Silver. So keep an eye on it for now and wait for the signals.

See charts here http://us1.campaign-archive2.com/?u=4d6d491aea8e01d93d8a1f390&id=5186528d26

Cheers!