MYL 0.00% 70.0¢ mallee resources limited

USD Silver Price, page-8

  1. 1,085 Posts.
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    I like the action in the price of silver and would prefer consolidation around these levels after a pullback to $26.The price in the 1980's was irrational and only spiked to these levels as the Bunker-Hunts tried to corner the market and failed. With Covid 19 and other matters in Myanmar I have a gut feeling that PSA and MIC might be delayed. Governments and States tend to become greedy when they see huge dollars in taxes, royalties and profit share on the horizon. However cheered by the fact that we have approx. USD 8 billion of silver in the ground.
 
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