Finally that 20c gap is closed, took its time and needed Silver to have its sell off last night but also wasn't sure USL would fall as Silver bounced strongly during the night off of 31.9 after the sell off from the Tariff news and easing of a few war tensions.
But Silver demand from an industrial real world use continues to grow whilst a 5th year of deficit continues from supply at the mine level, so lower tariffs also favours Silver as a manufacturing material with Solar and electronics.
Now that gap is closed at 20c it removed that psychological barrier and releases the stock from that magnetic pull to now move on without this hanging over (or under) the stock. Markets don't like gaps unless breakaway, re-rating kinds which this wasn't.
Great buying opportunity at these levels, market has absorbed the tariff shock and not blinked too much with Silver staying at 32.57 level and not collapsing below 30 as many have expected.
Now sitting in the Demand Zone under 21.5c and resets itself for the next attempt again for that 29.5c gap above.
USL Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)