Fortuna Silver (FSM) Hits 52-Week High: What's Driving It?

Shares of Fortuna Silver Mines Inc. (FSM) scaled a new 52-week high of $4.76 on Apr 5, before closing the session a tad lower at $4.71. The company’s share price boosted as gold prices hit record levels due to multiple factors like U.S. interest rate cut bets, geopolitical tensons, speculative buying and central bank purchases.FSM has a market capitalization of $1.44 billion and carries a Zacks Rank #3 (Hold) at present.Shares of Fortuna Silver have risen 31.9% in the past three months compared with the ind ...