I think there is some inevitability about silver reaching its fair market price at some stage.
Meaning that the heavy downward manipulation by JPM will end at some stage for some reason. Either they get blown out of the water through heavy buying and need to cover shorts or they decide they want silver to rise. Or they come under regulatory pressures as the STHF in the US. Or too many buyers stand for delivery.
We saw silver get to $49USD when allowed to find its own level, or at least the manipulation was less heavy.
The obvious question is can the silver miners last until such time silver can break free?
Silver itself has strong industrial fundamentals which is only going to become more pressing. Owning silver and shares in producing silver mines (or mines with proven high reserves) is the right thing to have on your portfolio in my view.
I am wondering when this one would be a buy again. Another CR coming?
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16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $248.8M |
Open | High | Low | Value | Volume |
17.0¢ | 17.5¢ | 16.5¢ | $496.7K | 2.951M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 38364 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 615122 | 7 |
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No. | Vol. | Price($) |
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1 | 6049 | 0.165 |
33 | 2224943 | 0.160 |
24 | 1249151 | 0.155 |
38 | 1305638 | 0.150 |
18 | 975061 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 570562 | 6 |
0.175 | 3014720 | 23 |
0.180 | 2405098 | 22 |
0.185 | 904176 | 11 |
0.190 | 1007923 | 19 |
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