BML 0.00% 9.1¢ boab metals limited

Michael Oliver calling for US$50 Silver by November buckle up !, page-217

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    A standard ~10% correction in #silver has served to reset investor sentiment back into neutral territory. The key things to note are:~ #China is on holiday until next week, this generally means a quieter next few days for metals markets. ~ The $26 breakout level is holding as new support. ~ Silver demand forecasts continue to be revised higher due to stronger #SolarEnergy demand (20% increase in 2024). The acceleration of #AI only helps to increase this demand further. ~ Global silver supply/demand is consistently in deficit, and the forecast for 2024 indicates that the annual production shortfall will nearly double to 265 million ounces.



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    Last edited by touquoy: 03/05/24
 
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