Silver ( paper) has been in mostly in a straight jacket during gold's recent rise. This is because the big US banks like Bank of America have taken huge short positions. BAC is in trouble with high exposure to near worthless assets and depositors quietly exiting. Letting silver run is not in their interest so they reach out to their friends ( we all know who they are) to ensure they can close out their shorts so this part of their operation doesn't blow them up along with all their other poor decisions. Bank runs have a long way to go even though many claim it's contained and their stooge media suggesting this is now behind us.
It's these kind of oversold days you can look to top up on IVR - shame I was not behind the desk this morning.
Silver ( paper) has been in mostly in a straight jacket during...
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Last
4.0¢ |
Change
-0.002(4.76%) |
Mkt cap ! $63.55M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.2¢ | 4.0¢ | $157.7K | 3.849M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 314950 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 1077267 | 1 |
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| Last trade - 15.58pm 11/11/2024 (20 minute delay) ? |
| IVR (ASX) Chart |