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1.09%

9.3¢ silver mines limited

Well if you base it on today's (suppressed) gold price of ~$2150...

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Heisenberg63

1,974 Posts.

282

20/03/24

00:14

Post #: 72969761
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Originally posted by Kevdd1: ↑

Correct

I sometimes wonder, if Bitcoin can go from 7 cents to $73 000, it wouldn`t seem so unreasonable for silver to go to $1,000 or higher, what price on svl then? Why does everyone think that a figure like that is so outlandish?

The west has manipulated commodity prices through the use of futures and derivatives for decades, so much so that no one knows now what the real value/price of anything is.

It would seem to have been theft on a massive scale in order to benefit the west at the expense of resource rich countries and producers world wide who are kept in poverty by permanently low prices and their paid off rulers, you may ask why has there been so many coups in Africa recently? What a scam it would seem, low prices dictated by the west, not the free market!

It seems though that countries are now beginning to catch on.

Don`t listen to me, I know nothing about investing.

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Well if you base it on today's (suppressed) gold price of ~$2150 US, Silver at its historical ratio of 10-15:1 (Ag:Au) would put it at between $143 - 215 US.
So even at a very conservative estimate, that's still many multiples of today's 'spot' price, however ultimately the value of silver (and gold) becomes infinite in pricing terms, when fiat currencies collapse.

SVL Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.3¢		Change 0.001(1.09%)		Mkt cap ! $140.2M

Open	High	Low	Value	Volume
9.2¢	9.5¢	9.2¢	$390.8K	4.193M

Buyers (Bids)

No.	Vol.	Price($)
6	402405	9.2¢

Sellers (Offers)

Price($)	Vol.	No.
9.3¢	85754	1

View Market Depth

No.	Vol.	Price($)
6	402405	0.092
7	505674	0.091
20	729179	0.090
9	544774	0.089
10	241540	0.088

Price($)	Vol.	No.
0.093	85754	1
0.094	391918	4
0.095	482887	3
0.096	431308	5
0.097	166911	4

Last trade - 16.10pm 17/09/2024 (20 minute delay)

SVL (ASX) Chart