Actually silver is both a precious and industrial metal
but it prices as a gold option bc invesment demand is the marginal buyer and in all commods its the marginal buyer that sets the price
if you want to learn how it works review Silver Institute industrial demand 2008 to now - then look at the silver price behaviour
industrial demand was basically unchanged 2008 to 2020 yet Ag moved as in concert with gold
the v new thing is that China industrial demand for silver is now so material - and China sppt price arb vs US so significant - that earlier this year it was supporting US Ag prices
but its still a subordinate driver to US gold price bc thats the bellwether that sets US silver price
No Boab presentation at Diggers and Dealers, page-74
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $33.84M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 13.5¢ | $32.14K | 233.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 103712 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 50999 | 1 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| BML (ASX) Chart |