When will silv hit $12

**SilverCrest Metals Inc (SILV) is not expected to reach $12 per share in the near future based on technical analysis and price targets.** 1. **Current Price and Recent Performance**: As of the latest data, SILV is trading at $10.38 per share. 2. **Technical Indicators Suggest Caution**: - The stock's support level is at $9.69, and the resistance level is at $10.47. This indicates a narrow trading range, suggesting a lack of momentum towards higher prices. - The 5-Day, 10-Day, and 20-Day moving averages are $9.73, $10.21, and $10.51 respectively. The 30-Day, 50-Day, and 60-Day moving averages are $9.47, $9.64, and $10.22. The 120-Day, 200-Day, and 250-Day moving averages are $7.74, $8.13, and $9.1. All these moving averages are below the current trading price, indicating a short-term upward trend but with longer-term averages below, suggesting potential downward pressure. - The MACD is -0.36, and the RSI is 55.35, which do not strongly suggest an imminent breakout to higher prices. - The stock has a price target of $9, which is below the current trading price, indicating a potential downside. 3. **Market Sentiment and Analyst Ratings**: There is no strong positive sentiment or analyst consensus supporting a price increase to $12 in the near term. 4. **Fibonacci Retracement**: The 0.382 Fibonacci retracement over the past year is at $5.46, which is significantly below the $12 target. In conclusion, SILV does not appear to have strong technical indicators or market sentiment supporting a price increase to $12 in the near future.