If this is a pullback/retrace in the price of silver which is required to allow the sellers on the market to get out and the buyers to buy back in at levels they are comfortable with which would sustain further increases to the price of a short-supply in-demand commodity
Then this pullback from new highs in the price of silver is a good thing for ARD at this early stage so that as they near production the silver price has stabilised at a much higher level their in-ground worth will have multiplied driving forward the prospect of becoming a producer
the forces that drove up the price of silver while in abatement are unlikely to remain dormant for long
ARD Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
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