MAG Silver Breaks Above 200-Day Moving Average - Bullish for MVG

In trading on Wednesday, shares of MAG Silver Corp (MVG) crossed above their 200 day moving average of $7.41, changing hands as high as $7.52 per share. MAG Silver Corp shares are currently trading up about 3.8% on the day. The chart below shows the one year performance of MVG shares, versus its 200 day moving average:

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MAG Silver Corp 200 Day Moving Average Chart

Looking at the chart above, MVG's low point in its 52 week range is $5.57 per share, with $10.64 as the 52 week high point — that compares with a last trade of $7.39.

According to the ETF Finder at ETF Channel, MVG makes up 5.36% of the Silver Miners ETF ( SIL) which is trading higher by about 4.1% on the day Wednesday.

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