Yes I don,t know why people keep selling SVL at 12 cents!A few days ago, I laid out the bullish case for gold and why I believe it will be one of the best performing assets over the next decade. I see even more potential in the silver chart (see below).
- Prices hold support above $16.20 and breakout above $18.50 later this year.
- Prices fail to hold $16.20, consolidate a bit longer and breakout next year.
Either way, the multi-year base at $14.00 represents a long-term bottom that should hold. With gold breaking above $1400, it’s likely just a matter of time before silver begins to play catch up. When prices break higher, I expect an initial run to $26.00. Longer-term, we see silver exceeding the $50 all-time high and entering a parabolic advance above $100.
AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle. For more information, please visit here.
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A few days ago, I laid out the bullish case for gold and why I...
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Last
10.0¢ |
Change
0.010(11.1%) |
Mkt cap ! $150.8M |
Open | High | Low | Value | Volume |
9.1¢ | 10.0¢ | 9.1¢ | $1.680M | 17.60M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 116010 | 9.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 565344 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 101010 | 0.099 |
3 | 372500 | 0.098 |
1 | 2000 | 0.097 |
2 | 250000 | 0.096 |
1 | 450000 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 565344 | 11 |
0.105 | 1279240 | 22 |
0.110 | 1102800 | 10 |
0.115 | 867756 | 14 |
0.120 | 739200 | 6 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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SVL (ASX) Chart |