Why I'm staying the course with silver miners. The graph below shows the price of silver since 1970 (red line) while the blue line is the theoretical price of silver if it was based on the 18 hours of trading each day outside of the Comex hours - and note the Y axis is log scale, not linear so the price would be around $400 today. The black line is the theoretical price of silver based on just Comex trading hours and it is pretty much saying a silver price of $0. Four times in history the red and blue lines have met. With each day the silver price in Shanghai getting further ahead of the Western price, then that red line surely will be 'pulled up' shortly.
Why I'm staying the course with silver miners. The graph below...
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Last
16.8¢ |
Change
0.003(1.52%) |
Mkt cap ! $248.8M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.3¢ | $244.8K | 1.480M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 240940 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 511878 | 28 |
View Market Depth
| Last trade - 13.08pm 03/05/2024 (20 minute delay) ? |
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Last
16.8¢ |
Change
0.003 ( 0.78 %) |
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| Open | High | Low | Volume | ||
| 17.0¢ | 17.0¢ | 16.3¢ | 826832 | ||
| Last updated 13.19pm 03/05/2024 ? | |||||
| SVL (ASX) Chart |