Will be interesting to see the effects of Silver's price rise on ARD this morning.
From yesterdays close Silver has risen around 80c in AUD terms due to an increase in the US Silver price as well as a falling AUD.
20c is in my opinion the critical resistance point. If we can see a close above 20c today I think we will see 25c+ in the short term.
Would be nice to see an announcement with ARD's change of interest in the Kempfield Silver Project (moving up to 70% stake).
Looks like the HUI will close around +2% and SIL (Global Silver Miners ETF) at around +3%. With the general markets barely green, the Gold and Silver miners will be where the action should be today.
ARD Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
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