I was just saying to my wife, that it had just cracked $3.40, but getting there and staying there are two very different things. What concerns me at the moment is the lack of gap between silver and gold. Normally when silver is up this high the percentage difference would normally be greater. What I have observed over the last two days is when gold falls, silver falls more. If gold was to fall back to zero, silver could be as much as -1.0% down.
So tomorrow we could be either very happy or very sad. I have also noticed that we are having trouble getting past $31.40, while we have touched it a few times over the last few days, we are yet to stay above it for any time. If we were to hit say $31.53 I might feel that we have finally passed it.
ARD Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
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