PhillW on the same page as Michael Oliver.
I posted the below chart on the BML forum about 3 weeks ago. What it shows is that historically, silver has only traded above US$30 twice in its history. On both occasions it resulted in blow off tops between 3 to 5 months later. This time I think it will be different in regard to the price collapse that has occurred on the past two occasions. I think that $30 will be the new floor and not sub $5 and $15 which has occurred in the past.
So, going on historical evidence, should silver break above $30 you would expect a move to $50 within 5 months. Silver breaking above $30 may ignite the precious metals stocks bull market.
PhillW on the same page as Michael Oliver.I posted the below...
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $24.50M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $28.32K | 268.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 954384 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 127029 | 3 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
10.5¢ |
Change
-0.005 ( 4.55 %) |
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| Open | High | Low | Volume | ||
| 11.0¢ | 11.0¢ | 10.5¢ | 410523 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| BML (ASX) Chart |