The SIL ETF sprung up 5.4% last night: http://finance.yahoo.com/q?s=SIL
Silver is up $3 from the lows: http://www.kitco.com/charts/livesilver.html
In my opinion Silver is about to head into a runaway move which will take it above $50. This is likely to squeeze a lot of stops on those shorting and I think we could see a quick move to $55-60 or maybe even higher.
ARD is the cheapest Silver play on the ASX (IMHO) and yesterday's move will have picked us up some attention.
ARD is cashed up. ARD has 31.6m oz Silver, 65k oz Gold + other minerals. ARD is expecting results from Silver assays soon.
There is the potential to expand the resource being open at depth and along strike. Known mineralisation extends for more than 3 kilometres @ Kempfield.
Should be a good day.
ARD Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
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