Im very bullish on Silver… I hope we have a few weak hands let go of their holding, I would certainly like to add more shares if I can at lower prices, the book is pretty strong so I don’t expect huge volume sell offs, if it stays up I’m happy… if it goes down short term I’m happy too.
The sell off is caused by the commercials moving from short to long (it’s criminal to force retailers to close out their longs by driving down the PMs and then causing them to buy the commercials shorts to close their positions), and theirs also a move from unallocated to allocated as a result of Basel 3, they need to squeeze the ETFs to get their hands on the physical and clean up their leases.
IVR Chart, page-438
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Last
3.5¢ |
Change
-0.002(5.41%) |
Mkt cap ! $55.61M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.7¢ | 3.5¢ | $44.79K | 1.270M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 317159 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 300999 | 2 |
View Market Depth
| Last trade - 10.46am 02/09/2024 (20 minute delay) ? |
| IVR (ASX) Chart |