I'll let you know 9am tomorrow morning when the silver price closes. If it closes up, or somewhere close to what it was at COB, then there is good chance of upward movement on Monday, if it closes massively down then it will struggle. You can never tell what it is going to do overnight.
For a 90 cent increase I didn't think we saw that much movement in stock prices, considering it was higher at lower silver prices. If it is still up Monday morning I tend to think it might inspire a bit more confidence then it did today.
It is currently sitting around the same price it closed at (Sydney market) which is a reasonably good sign. Currently there are no buyers or sellers at 1.9, so that could be interesting come Monday. If the price stays around closing, or above it, then I would expect some buyers to jump on at 1.9, if it is down I would expect sellers to jump on at 1.9
Obviously some sellers will jump on at 1.9 regardless to keep the price down, but if silver is strong there should be some resistance to it.
ARD Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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