https://unauthorised investment adv...ocks-guide-heres-everything-you-need-to-know/
Things may be about to change in silver’s favour, however, and this is down to an obscure trading tool called the gold to silver ratio.
The ratio highlights how many ounces of silver are required to buy one ounce of gold.
At current prices, $US1,810/oz for gold and $US19.30/oz for silver, it takes nearly 94 ounces of silver to buy one ounce of gold.
For centuries right up to the late 19th century the ratio was relatively steady, varying from 15:1 to 30:1.
Below is a comparison what happened today with ASX silver mining companies and explorers.
It is clear that the market is unaware about the JORC 2012 compliant silver resource of GRL.
Time to spread to word.
Notably, 50 g/t Ag is called high grade and RIM's Sorpresa project is in the East Lachlan Fold Belt of NSW.
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Last
2.8¢ |
Change
-0.001(3.45%) |
Mkt cap ! $4.739M |
Open | High | Low | Value | Volume |
2.9¢ | 2.9¢ | 2.8¢ | $15.12K | 527.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 83719 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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3.0¢ | 152088 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 83719 | 0.028 |
1 | 37035 | 0.027 |
1 | 1000000 | 0.025 |
1 | 40039 | 0.024 |
1 | 49998 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 152088 | 1 |
0.031 | 45902 | 1 |
0.033 | 281486 | 1 |
0.041 | 109250 | 1 |
0.044 | 22497 | 2 |
Last trade - 15.53pm 26/04/2024 (20 minute delay) ? |
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Last
2.8¢ |
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Change
-0.001 ( 9.68 %) |
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Open | High | Low | Volume | ||
2.9¢ | 2.9¢ | 2.8¢ | 18620 | ||
Last updated 15.53pm 26/04/2024 ? |
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