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.
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CEO Technician@CEOTechnicianA standard ~10% correction in...
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Last
12.0¢ |
Change
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Mkt cap ! $28.00M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 11.8¢ | $45.10K | 376.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 392851 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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12.0¢ | 97184 | 2 |
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No. | Vol. | Price($) |
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6 | 392851 | 0.115 |
16 | 456230 | 0.110 |
13 | 735378 | 0.105 |
28 | 944708 | 0.100 |
1 | 50505 | 0.099 |
Price($) | Vol. | No. |
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0.120 | 99267 | 2 |
0.125 | 161014 | 4 |
0.130 | 114000 | 3 |
0.135 | 86000 | 1 |
0.140 | 102885 | 3 |
Last trade - 13.08pm 07/06/2024 (20 minute delay) ? |
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Last
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Open | High | Low | Volume | ||
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Last updated 12.34pm 07/06/2024 ? |
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