SSR Mining Inc. (SSRM.TO) - June 23, 2025

The last time we highlighted SSR Mining Inc (SSRM.TO) in our Daily Stock Report was last Autumn on October 21, 2024. At the time, the shares were exhibiting initial positive moves in relative strength as the shares migrated their way up the Yellow Neutral Zone in the SIA S&P/TSX Composite Index Report, signalling it was

a name to keep an eye on. The SIA Platform subsequently issued a Green Favored Zone signal back on December 9, 2024, at a price of $10.10. Since then, the shares have continued to strengthen and the current closing price is $17.52, representing a 73% increase since its entry in the Favored Zone approximately six months ago.

Currently, the shares reside in the #13 spot of the favored zone of the SIA S&P/TSX Composite Index report. This illustrates the value of staying in investments in the green favored

zone, reinforcing SIA’s methodology of finding and staying with names based on indicators of strong relative strength instead of emotional attachment.

In looking at the candlestick chart we see, after a precipitous drop in February of 2024, the shares found a floor at the $5.00 area in March of 2024. After which, a slow grinding recovery began with a basing pattern between the $6.00 to 8.00 range between March and October of 2024. Then the bears were exhausted, and the bulls started to take charge, illustrated by the steady pattern of higher highs and higher lows materializing with a subsequent parabolic formation taking shape in January to March of this year. A sharp but brief pullback ensued in late March/early April when the overall Market was experiencing the “jitters” but most importantly the shares still held onto its favored status.

Now we see the uptrend has re-asserted itself breaking above the late March high of $15.50 and marching onto a higher high. Currently, we can see upside resistance at the round number of $20.00 which was where the shares were trading at back in 2022 and, then above that, the $23.00 area. On the downside, support can be found at the $15.50 level. It will be interesting to see if the shares will continue to forge higher with the price of gold bullion also remaining strong.

Let’s dive in and see what the Point and Figure Chart looks like today. Point and figure charting excels in trend identification by offering a clear view of price movements and trend reversals.

In our last commentary back in October we highlighted trend resistance at the $14-$15 level as stock prices approached its downtrend line.

Now we see the shares broke above the long-term downtrend line at $13.99 in February and the uptrend has continued to materialize with the shares approaching the $18.00 level. There is rather strong upcoming resistance going back to 2021 at the $20.38 level so that will be an important price point to watch. If it does manage to break above this level, next resistance will be at $22.06. To the downside, support is at its 3 box reversal of $16.39 and, below that, $14.85. With a SMAX score of 10 out of 10, SSRM.TO is exhibiting strong near-term strength against the asset classes and is exhibiting a bullish spread triple top pattern.

SSR Mining Inc., formerly Silver Standard Resources, is a Denver-based producer of gold, silver, copper, lead, and zinc, and it owns the largest silver mine in Argentina. Additionally, it engages in exploration activities across five countries in the Americas and Turkey.