The aussie silver stocks have been absolutely pathetic since June 30th. My watchlist of Nth American stocks are up significantly. One I own is up just shy of 40% since July 2nd, retracing all of the losses incurred from a share consolidation in late May and nudging 3yr highs. I'm not sure what is going on with the ASX but eventually there has to be breakouts across the board. I think that one of the problems may have something to do with the fact that most of the aussie silver plays on my watchlist have undertaken capex's in May/June and the added liquidity may need to be mopped up through some price consolidation. BML, MMA, ARD to name 3 are sitting at capex levels. MMC on the other hand has doubled!
In answer to your question, sometime in 2024. Could be tomorrow if PM's rally overnight on the US economic releases. The SILJ was up 4.5% and SIL (Global Silver Miners) was up 4% last night with the silver price down, but deathly silence on the ASX.
Maybe tomorrow we get to play the below link.
https://youtu.be/w0pjq3ZzHUs?t=42
The aussie silver stocks have been absolutely pathetic since...
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Last
10.3¢ |
Change
-0.008(6.82%) |
Mkt cap ! $23.92M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.3¢ | $7.253K | 69.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 438000 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 27675 | 1 |
View Market Depth
| Last trade - 15.44pm 30/08/2024 (20 minute delay) ? |
| BML (ASX) Chart |