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Hawk’s Nest

Silver Miner Sees Unusual Call Buyer as Metals Turn Higher

by | Oct 3, 2022

Pan American Silver (PAAS) seeing a block of 2500 April $20 calls bought for $1.55 as the stock cleared above September highs and seeing a 8/21 EMA bull cross today as gold and silver miners show strength the past week. PAAS has room up to the 20 level short term and longer term the patterns in miners shaping up to be a potential bottoming level. YTD VWAP is up near 22 on the beaten down stock which is ripe for a rebound into year end.