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16.8¢ silver mines limited

Maybe it is time to buy more SVL!, page-199

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superendru

16 Posts.

05/09/19

16:07

Post #: 40326420
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Originally posted by fitsch: ↑

But what happens when traders catch onto the fact that gold and silver will rally as this "Crazy Ivan" event takes place and that silver is the true undervalued metal across the planet? At the peak of gold and silver prices near April 2011, the Gold:Silver ratio was resting near 32 (yes, you read that correctly). What would that look like on the silver chart, below, if gold continued to rally to levels above $2000? It is really simple to find out.
$2000 (gold per ounce) / 32 = $62.50 per ounce of silver
What if gold rallied a full 100% Fibonacci measured move from the previous 1999-2011 rally? That peak level would be $2700 in gold and the calculation is still simple.
$2700 (estimate gold peak) / 32 = $84.375 per ounce of silver.
Could it happen like that? Yes, in theory, and in reality it really could happen that way if gold rallies to a level that equals a full 100% Fibonacci price extension and the ratio level falls to levels near 32. If that did happen, then these calculations would be accurate.

At the moment the Gold/Silver ratio is about 89!!!!

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The more important question is, what would the price of SVL be when the silver price becomes $84/oz ?? anyone able to calculate this ?

SVL Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 16.8¢		Change -0.003(1.47%)		Mkt cap ! $248.8M

Open	High	Low	Value	Volume
17.0¢	17.5¢	16.5¢	$380.3K	2.245M

Buyers (Bids)

No.	Vol.	Price($)
17	676583	16.5¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	897153	16

View Market Depth

No.	Vol.	Price($)
16	652549	0.165
37	2289564	0.160
26	1300951	0.155
42	1419688	0.150
20	1036861	0.145

Price($)	Vol.	No.
0.170	897153	17
0.175	2967894	24
0.180	2468100	25
0.185	1075506	13
0.190	1007923	19

Last trade - 15.29pm 12/07/2024 (20 minute delay)

SVL (ASX) Chart