Silver on the move again after another important reversal followed by the CPI report. The diagram below sums up well the demand case in today's environment.
https://x.com/TaviCosta/status/1778085452454498330
5 day view- Silver resilient despite hotter CPI
SILVER Charts and Quotes — TradingView
IVR breaking out to the upside from downtrend trajectory (5 year view) and see All time view as to where it could go should silver break above $28 and enters parabolic stage.
And because there are limited number of smaller cap silver stocks <$100m mcap, market likely to see IVR as a leveraged silver proxy. IVR has the highest grade silver mine in Australia.
5 year view then All time view
IVR Stock Price and Chart — ASX:IVR — TradingView
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Its Over, page-21132
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