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.
Michael Oliver calling for US$50 Silver by November buckle up !, page-217
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Last
9.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.23M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | 9.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.4¢ | 92935 | 1 |
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| Last trade - 10.14am 29/07/2024 (20 minute delay) ? |
| BML (ASX) Chart |
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