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And reading the article I can't see any deficit. Every year for long enough 20% of supply has gone into investment - that's a lot of bars. If one day silver does rise significantly there'll be a lot of people rushing to Ramsdens to cash in IMO. Despite all the 'bigging up' of silver for 15 years reality never appears to show a shortage. Also, as we know, many more new solar panels will continue to use less and less silver as manufacturing processes change. Yes I'm a holder and of Fres , but got a bit fed up over the years of Keith Neumann giving us $100 silver. Gold at $3000 maybe silver will get near to $40.
I swear they´ve been saying that for 15 years?
"Silver prices, which are near a three-year high, should remain supported by record industrial usage and a supply deficit, the Silver Institute says"
https://twitter.com/business/status/1780582140096237862
Noel very hard to time right, yes this is overbought but it has had a bit of a correction and has been having another stab at 150. I will hold, not mining if it falls 20 or 30 p as long as it then resumes its ascent and goes way above 150. Hindsight is easy, but if you don’t have a crystal ball with this market as fickle as it is I would say just hang on for the emotional roller coaster ride
Looking at the charts, I can see this going to £2.50 before the end of the year or early in 2025. Obviously, there will be pullbacks on the way and maybe a major stock market correction! However, this share looks to be on the ascendancy.
I wish I'd seen this yesterday - Clive Maund is pretty good with his forecasts -
"Gold Market Update - it's CORRECTION TIME...
originally published Sunday, April 14, 2024
https://www.clivemaund.com/gmu.php?art_id=68&date=2024-04-14
I bought more Fres this morning as they have a greater proportion of silver than Hoc that is now mainly a gold miner and becoming increasingly so with the opening of Mara Rosa and the loss of Pallancata. However I still have 70 times more Hoc. Hopefully silver will have another go at $30 after a healthy retreat, taking Hoc through the psychological 150 barrier.
After falling today, in the evening things changed and the prices of gold and silver shot up. That frightening move could happen tomorrow,
They hedge some gold but not silver
As posted there would be a a pullback from 150, as a bit of a challenge. That has now happened and we should have a not her go. The market is so buoyant even though the price is a challenge we might break through it now or shortly and carry on up. I think the market thinks Hoc is still an unhedged silver miner (happily for the share price)
Good luck anyone in here
The Gold and silver prices are going balistic
"#Silver now hitting some fresh highs. The $30+ an ounce magnet keeps pulling..."
https://twitter.com/goldseek/status/1778522237257257355
Gold and silver shooting up again - expect a good day tomorrow.
I was a chicken a put a stop loss at 139.80. Only small chunk, but still annoyed.. hopefully i’ll have chance of close enough re-entry before we fully take off :)
No
"Been saying for 14 weeks that #gold has a blue mega breakout.
And previous quarter, also #silver had a blue mega breakout.
Now it is up against gray resistance price range.
Historical breakouts. Historical opportunity."
https://twitter.com/graddhybpc/status/1778369127091978518
Heading back to a pound?
Thats a long fill time
Not far off the gap at 168p that was left in November 2021.
Just taking a quick breather?
Is this too extreme?
"Ron Paul: $20,000 Gold"
Not only is Ron Paul saying Gold can 10x and add a zero without breaking a sweat, he points to history and shows it's already happened once before.
https://en-volve.com/2024/04/09/ron-paul-20000-gold/
"Silver is on 🔥🔥🔥
Approaching 3 year highs.
It was stuck below $25 forever."
https://twitter.com/WallStreetSilv/status/1777698319290011687
Well we got to 150 so bound to pull back a bit
"Michael Oliver – Silver Should Hit All-Time High Above $50 By November"
https://twitter.com/MacleodFinance/status/1777630858284876242
A few large sells reported after the close.