Section 1: Company Fundamentals

1.1 Summary Table

1.2 The Key Positives, Negatives, and Investment summary

1.3 Underlying commodity analysis

As can be seen from both the charts of gold and silver, both are currently near crucial support. As of 2^nd September 2022, both commodities have given a good bounce from the support zone. Furthermore, gold is currently forming a double bottom on both the daily and weekly time frame with bullish divergence on the weekly chart, giving expectations of a trend reversal from here towards the upside.  Similarly, silver has broken down from its crucial support of USD 18 on the daily time frame, but still has chances of giving weekly closing above this important support. Overall, both the technical charts of the commodities suggest a bounce back towards the upside from current levels.

Section 2: Fortuna Silver Mines Inc. (“Buy” at the current market price of USD 2.29 as of September 02, 2022, at 08:15 am PDT)

2.1 Company Details

2.2 Valuation and Technical Guidance

Markets are trading in a highly volatile zone currently due to certain macroeconomic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: The reference data in this report has been partly sourced from REFINITIV.

Note 2: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 3: The report publishing date is as per the Pacific Time Zone.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and the uptrend may take a pause due to profit booking or selling interest.

Stop-loss: It is a level to protect against further losses in case of unfavourable movement in the stock prices.

Disclaimer

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