ECU Silver Mining Review

ECU Silver Mining Inc. is a Canadian-based, mining company, listed on the TSX trading under the symbol ECU. Actively engaged in gold, silver, lead and zinc exploration and exploitation since 1997, the Company has a cluster of five mines in the historically prolific Velardeña mining district, Central Mexico, where it has had a series of major discoveries.

It looks like it has been trading in a $0.40 to $0.85 range since February and that this sell-off the past couple of trading sessions has it trading below it’s 200 day moving average [blue line]. It must move up above this line to maintain the bullish move begun October 1 or I foresee it trading back down to the $0.40 to $0,60 level. Good news is that volumes have been huge since the October 1 initial move upward as it has seen regular volumes of between 1,500,000 and 2,500,000 shares daily.