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11.0¢ silver mines limited

The more important question is, what would the price of SVL be...

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superendru

16 Posts.

05/09/19

16:07

Post #: 40326420
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Originally posted by fitsch: ↑

But what happens when traders catch onto the fact that gold and silver will rally as this "Crazy Ivan" event takes place and that silver is the true undervalued metal across the planet? At the peak of gold and silver prices near April 2011, the Gold:Silver ratio was resting near 32 (yes, you read that correctly). What would that look like on the silver chart, below, if gold continued to rally to levels above $2000? It is really simple to find out.
$2000 (gold per ounce) / 32 = $62.50 per ounce of silver
What if gold rallied a full 100% Fibonacci measured move from the previous 1999-2011 rally? That peak level would be $2700 in gold and the calculation is still simple.
$2700 (estimate gold peak) / 32 = $84.375 per ounce of silver.
Could it happen like that? Yes, in theory, and in reality it really could happen that way if gold rallies to a level that equals a full 100% Fibonacci price extension and the ratio level falls to levels near 32. If that did happen, then these calculations would be accurate.

At the moment the Gold/Silver ratio is about 89!!!!

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The more important question is, what would the price of SVL be when the silver price becomes $84/oz ?? anyone able to calculate this ?

SVL Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 11.0¢		Change 0.010(10.0%)		Mkt cap ! $165.8M

Open	High	Low	Value	Volume
10.0¢	11.5¢	10.0¢	$1.143M	10.58M

Buyers (Bids)

No.	Vol.	Price($)
14	2105997	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	1541303	14

View Market Depth

No.	Vol.	Price($)
13	2005997	0.105
27	1439587	0.100
8	450060	0.099
10	390612	0.098
6	625510	0.097

Price($)	Vol.	No.
0.110	1541303	14
0.115	1177819	20
0.120	982938	13
0.125	1040951	12
0.130	202920	5

Last trade - 16.10pm 15/10/2024 (20 minute delay)

SVL (ASX) Chart

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