Silver up over 2 percent last night. Very close to key levels for a large breakout. I contend that the pull back in the second half of 2016 was simply a correction from the beginnngs of the new bull run following the 2015 December Fed rate hike. Silver is on the verge and gold of a large break upwards. Shanghai physical Silver is trading up to a dollar higher in real trading exchanging currency for actual physical metal. The arbitrage between West and East continues. There is enough difference to make it worth while and also cheap enough for Asia to continue to stockpile silver and gold heavily.
Anyway, PNX will be highly levaged to Silver price and this can only be good given the current trading price here.
Good buying levels here in my opinion.
JFI
Silver up over 2 percent last night. Very close to key levels...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.85M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 23247250 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 17510626 | 9 |
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| PNX (ASX) Chart |
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