Should I wait to buy silver stock?

Question

I've been doing some reading online and it seems silver prices will dip down soon into a price correction. I've been watching a silver stock Silver Weaton (SLW.to traded on the Toronto Stock Exchange). I know silver prices may not necessarily have a direct impact on silver stock, but they seem to have an influence. Should I wait for silver prices to fall in hopes that the stock will go down as well?

Answer 1

I've been watching SLW myself. An initial position on SLW can be acquired on a daily CLOSE above $11.00. A follow-up position should then be bought on a weekly close above $12.00.

Answer 2

check stockcharts.com