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4.17%

23.0¢ maronan metals limited

Indeed ... though with the noticeable differences on this...

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Kipper01

7,845 Posts.

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18/04/24

11:34

Post #: 73404476
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Originally posted by PhillW ↑

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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Indeed ... though with the noticeable differences on this occasion that the base lift-off point is much higher/and closer to the $30 point looking to be breached ... and the consolidation and build up just beneath the line to be breached is longer in time ... and should be very energetic on the north side once the barrier is defeated .... adding to your proposal above

Of course, this could be days, weeks or months away ...

Last edited by Kipper01: 18/04/24

MMA Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 23.0¢		Change -0.010(4.17%)		Mkt cap ! $46.28M

Open	High	Low	Value	Volume
24.0¢	24.0¢	23.0¢	$42.83K	180.9K

Buyers (Bids)

No.	Vol.	Price($)
3	42135	23.0¢

Sellers (Offers)

Price($)	Vol.	No.
24.0¢	10839	1

View Market Depth

No.	Vol.	Price($)
4	82135	0.230
2	118449	0.225
1	9416	0.220
1	23255	0.215
2	17904	0.210

Price($)	Vol.	No.
0.240	10839	1
0.245	2500	1
0.250	11000	1
0.260	9660	2
0.265	50000	1

Last trade - 15.46pm 25/07/2024 (20 minute delay)

MMA (ASX) Chart