White Knuckler

Just hold on loosely
And don't let go
If you cling too tightly
You're gonna lose control
--38 Special

Stock market volatility has been spectacular over the past 2-3 months, with many shares experiencing eye-popping moves in both directions. The chart of Pan American Silver (PAAS) demonstrates well.

After touching a 52 week high at about $26 back in mid Feb, which represented more than a doubling from lows marked early/mid 2019, PAAS stock price proceeded to collapse by nearly 60% over the next month, touching an intraday low of about $10.50/share in mid-March.

From there the stock took off. After tracing out a nice looking cup-and-handle pattern, PAAS shares broke thru their previous high and are trading this morning above $28/share. That's nearly a 170% move off the mid-March lows.

Thrill-seeking investors have been treated to quite the white knuckler.

position in PAAS