A standard ~10% correction in #silver has served to reset investor sentiment back into neutral territory. The key things to note are:~ #China is on holiday until next week, this generally means a quieter next few days for metals markets. ~ The $26 breakout level is holding as new support. ~ Silver demand forecasts continue to be revised higher due to stronger #SolarEnergy demand (20% increase in 2024). The acceleration of #AI only helps to increase this demand further. ~ Global silver supply/demand is consistently in deficit, and the forecast for 2024 indicates that the annual production shortfall will nearly double to 265 million ounces.
Michael Oliver calling for US$50 Silver by November buckle up !, page-217
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Last
14.0¢ |
Change
0.010(7.69%) |
Mkt cap ! $32.67M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 15.0¢ | 13.5¢ | $59.97K | 426.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 27605 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 74108 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| BML (ASX) Chart |