I posted the below chart on the BML forum about 3 weeks ago. What it shows is that historically, silver has only traded above US$30 twice in its history. On both occasions it resulted in blow off tops between 3 to 5 months later. This time I think it will be different in regard to the price collapse that has occurred on the past two occasions. I think that $30 will be the new floor and not sub $5 and $15 which has occurred in the past.
So, going on historical evidence, should silver break above $30 you would expect a move to $50 within 5 months. Silver breaking above $30 may ignite the precious metals stocks bull market.
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I posted the below chart on the BML forum about 3 weeks ago....
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Last
26.0¢ |
Change
0.015(6.12%) |
Mkt cap ! $52.32M |
Open | High | Low | Value | Volume |
24.5¢ | 26.0¢ | 23.5¢ | $64.29K | 263.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1900 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 3032 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1900 | 0.250 |
1 | 20000 | 0.245 |
4 | 25579 | 0.230 |
3 | 140671 | 0.225 |
2 | 8068 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 3032 | 1 |
0.265 | 4880 | 1 |
0.270 | 4980 | 1 |
0.275 | 23382 | 2 |
0.280 | 30000 | 1 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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