KCN's recent price movement appears more closely related to the price of Ag.
E.g KCN's big move on Apr 4 from $1.34 to $1.47 followed an overnight surge of $1.20 in the Ag price.
This is understandable as NE which was previously written off as a liability could turn out a silver bonanza.
The US' emphasis on AI implies a heavy future consumption of silver for chips.
Ag annual demand stands at 1.4B ounces versus production of 900M ounces.
Not to speak of persistent rumours of BoFA's 2B ounce silver short position backstopped by the US Treasury.
Get ready for a silver short squeeze to be partially alleviated by our KCN's NE.
KCN's recent price movement appears more closely related to the...
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Last
$1.65 |
Change
0.070(4.43%) |
Mkt cap ! $425.2M | |||
| Open | High | Low | Value | Volume |
| $1.63 | $1.68 | $1.62 | $858.1K | 520.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8431 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 45705 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |