USL

3.03%

17.0¢ unico silver limited

Thanks @Wack silver price action agrees.Bullish price action for...

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fbx258

6,154 Posts.

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16/07/23

15:40

Post #: 68810844
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Originally posted by Wack: ↑

Morning all.
The amount of posting on this thread could be seen as an indication of how out of favour silver is.
Great time to be adding for the patient.
@fbx258 I am watching that Red box at the trend line mate because I think we are heading sooner rather than later.
I like listening to Chen Lin and this interview is really good.
For those of you with little time, just go to 11 min and hear his views on silver and the progressing supply demand imbalance.
Solar panels are now using double the amount of silver in each panel than they were and the solar panel production is still growing rapidly.
That means silver consumption is rising much quicker than supply.
There is a large supply deficit and it is growing.
If Chen is correct about the Solar Panel production doubling again over the next couple of years and currently running at 200m oz,
That will equate to 400m oz in Solar Panels alone, while the world production is only 850m oz.

I think this run in the PM's and the drop in the DXY will need a rest.
We have some time till the season really gets underway.
Enjoy accumulating.
I added again last week.
Kind regards, Wack.

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Thanks @Wack silver price action agrees.
Bullish price action for Silver, closing at $25.2oz or 8.2%

The bleeding continues for the Shanghai silver vaults , losing another 48 tonnes this week.As of July 14th, the total of silver held by the SHFE stands at 1,370 tonnes (44 m oz)

USL Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 17.0¢		Change 0.005(3.03%)		Mkt cap ! $51.68M

Open	High	Low	Value	Volume
18.0¢	18.5¢	17.0¢	$4.5K	24.75K

Buyers (Bids)

No.	Vol.	Price($)
1	14300	17.5¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	500	1

View Market Depth

No.	Vol.	Price($)
1	37000	0.180
2	24300	0.175
3	82570	0.170
2	64310	0.160
2	30539	0.155

Price($)	Vol.	No.
0.190	39966	1
0.200	500	1
0.210	80000	2
0.220	10000	1
0.225	70000	2

Last trade - 14.43pm 31/07/2024 (20 minute delay)

USL (ASX) Chart

Thanks @Wack silver price action agrees.Bullish price action for...

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Thanks @Wack silver price action agrees.Bullish price action for...

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