All anyone has to do is check a daily chart to see how often silver moves ~2% on zero news to negate what it is you are suggesting. There are definitely war mongers looking to potentially drive an escalation, but it is hardly inevitable that will be the outcome.
More importantly, that narrative is tangential to an investment in BML and a distraction from focusing on the fundamentals of this project. If the fundamentals stack up, then the macro narrative is worth considering as a potential tail wind. But at the moment the fundamentals don't stack up and so people should be cautious about taking a position or hold a position.
BMLs price on Friday showed signs of exhaustion in a similar manner post a volume surge. The only potential new news is a war narrative which historically are very poor indicators for investing because the variables and potential outcomes are very difficult to predict.
Charts, page-110
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Last
8.9¢ |
Change
-0.003(3.26%) |
Mkt cap ! $20.77M |
Open | High | Low | Value | Volume |
9.0¢ | 9.0¢ | 8.9¢ | $6.667K | 74.31K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 89158 | 8.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.0¢ | 15642 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 89158 | 0.089 |
1 | 8000 | 0.088 |
1 | 100000 | 0.086 |
3 | 318000 | 0.085 |
1 | 11500 | 0.084 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 15642 | 1 |
0.091 | 40000 | 1 |
0.096 | 81299 | 2 |
0.097 | 16019 | 2 |
0.099 | 63405 | 2 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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BML (ASX) Chart |