ISVLF - Impact Silver: Struggling To Create An Impact Amid Multiple Headwinds

• ISVLF's price trajectory is impacted by volatile silver prices, growing Mexican risk factor, COVID-related challenges, and most importantly, the "long" nature of an investment case in the company.
• On the flip side, there are certain enablers to an investment case including strong FY 2020 performance, significant operational milestones set for FY 2021, attractive balance sheet, and healthy exploration opportunities.
• Given the uncertain macro environmental factors, I believe the headwinds temporarily belittle the tailwinds; and ISVLF presents more of a swing-trade opportunity rather than a safe long-term investment.
• That's not to disregard the stock's long-term growth outlook, and its upside potential in a bullish silver market but, rather, to encourage entry at a low-risk price level.
• ISVLF is a hold.

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