Should You Buy Pan American Silver Corp (PAAS) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/30
Buy now (dip-buy). PAAS is down sharply pre-market (-8.53% to 57.89), but the broader setup still favors upside: the primary trend remains bullish (SMA_5 > SMA_20 > SMA_200), options positioning is strongly call-skewed, silver-focused news flow is decisively bullish, hedge funds have been increasing exposure, and Wall Street price targets were recently raised meaningfully (BofA up to $73; Scotiabank up to $64). With no Intellectia AI Stock Picker or SwingMax buy signal today, this is not a “system-confirmed” entry, but for an impatient buyer the current pullback is close to the next key support zone (S1 ~55.14), making it a reasonable buy-the-dip location rather than chasing near resistance.
Technical Analysis
Trend/structure: Bullish moving-average stack (SMA_5 > SMA_20 > SMA_200) signals the larger trend is still up despite today’s pre-market selloff. Momentum: MACD histogram is positive (0.517) but “positively contracting,” implying upside momentum is weakening short-term (consistent with a pullback/volatility spike). RSI(6) at 61.41 is neutral-to-slightly warm (not overbought). Levels: Current pre-market 57.89 is below the pivot (61.496), which is a short-term bearish/defensive tell for today, but it is approaching support S1 (55.139). If S1 holds, a rebound back toward the pivot (61.5) is the first upside objective; resistance above is R1 67.852 then R2 71.779. Pattern-based forward view (provided): ~90% chance of +2.49% next day, -2.42% next week, +4.52% next month—suggesting choppy near-term but still constructive medium-term.
