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7.84%

27.5¢ maronan metals limited

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

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Kipper01

7,681 Posts.

582

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 27.5¢		Change 0.020(7.84%)		Mkt cap ! $43.88M

Open	High	Low	Value	Volume
30.0¢	30.5¢	27.5¢	$51.78K	177.5K

Buyers (Bids)

No.	Vol.	Price($)
1	6509	27.5¢

Sellers (Offers)

Price($)	Vol.	No.
29.5¢	3393	1

View Market Depth

No.	Vol.	Price($)
1	6509	0.275
1	24200	0.270
1	3000	0.265
1	38000	0.260
3	30882	0.255

Price($)	Vol.	No.
0.310	25000	1
0.315	43056	3
0.320	60855	3
0.325	102255	2
0.335	5619	1

Last trade - 15.06pm 03/05/2024 (20 minute delay)


Last 29.5¢			Change 0.020 ( 14.9 %)
Open	High		Low	Volume
28.0¢	29.5¢		28.0¢	21583
Last updated 13.19pm 03/05/2024 ?

MMA (ASX) Chart