Silvercrest Metals (SILV) with 2600 January 2026 $10 calls buying at $1.50 with IV rising, held 200 day MA on recent dip in the silver stocks. SILV is a $1.2B small cap precious metals miner that trades at 14.9x earnings, 4.1x sales, and saw sales rise 15% in FY24. SILV has seen 1500 February $7 ITM calls also bought the past month for $1.75 and still in open interest while the January $9 calls that bought on 6/14 over 4500x still holding in OI although underwater. SilverCrest Metals Inc. engages in the acquiring, exploration, and development of precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its focuses on principal property the Las Chispas Mine that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico, as well as operates a portfolio of El Picacho, Cruz de Mayo, and Angel de Plata properties in Sonora Mexico. Shares are forming a bullish falling wedge longer term on the weekly chart as the recent correction found buyers near 7.50 which is the anchored VWAP from the March 2020 lows. A break above 8.50 likely pushed back to the $10 level for a nice percentage return. Silver prices of course are big driver and while sluggish lately are continuing to look constructive long term on the weekly chart for a likely break above highs in the coming quarters.