Silver Price Near All-Time High: Silvercorp Metals Has a Moderate P/E Ratio of 12 Despite Rally. The Stock Can Break Out Again.

The stock of Silvercorp Metals (SVM) has undergone a significant rally and is now consolidating at the new price level. The business model is based on mining and the production of silver, gold, lead, and zinc, with operational focuses in China (especially at the Ying mine) and Ecuador (El Domo project). The company operates several mining concessions with a strong emphasis on the extraction of silver and accompanying metals. The silver price temporarily rose to USD 54 per ounce on Friday (November 28), moving close to its record high as expectations...