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Even the juniors are moving now and Fres still under 600p! What a bargain.
#Silver posts its highest daily close for 11 years.
https://x.com/bonker_99/status/1790863324483043383
If we compare with other silver majors (PAAS, AG, HL, FSM), FRES has to catch up at least 20-30%. I.e., fair peer-to-peer price is around 720-780p at the current gold/silver prices. My experience with FRES so far is that it lags for some time, but then moves quickly to the target in a few days.
Address share price underperformance concerns to the CEO and CFO, who inexplicably have remained in office for over a decade. Remember, you're basically investing in a poorly run family company here, which occasionally goes on a run hence it's always been a trading stock, and not an investment.
"Been saying lately that $SILVER will break out soon, and that it is a GENERATIONAL opportunity. It then broke out above blue line. Note the two previous blue breakouts of similar weight.
Now up against black gate 30 level."
https://twitter.com/graddhybpc/status/1791024595010453928
If Fres only 590 at near $30 silver what happens if silver pulls back to 24-25?
"If Fres only 590 at near $30 silver what happens if silver pulls back to 24-25?"
That question was posed last year when support, not resistance, was 600-620p, the answer in the end was 435p...
I wouldn't agonise over silver moves. Firstly, because FRES share price does not strongly correlate with it and secondly because it's so damn volatile, hence it's known as the devil's metal.
Very few people know where silver is going next, least of all anyone on here.
Added another chunk to my holding today, 50 sma trying to grind through the 200 and the 600p psychological barrier, would rather grind and continue than surge and fall like last month. Good luck all our time in the sun might be close.
https://www.marketwatch.com/investing/stock/fres/charts?countrycode=uk&mod=mw_quote_advanced
I’m shocked by the SP movement today but then again it’s doing ok on a low volume day. I’m sure it will move soon, just gutted I can buy anymore at this price.
I'm shocked! Shocked to find that FRES is not moving up with silver here!
Next I'll discover that the stock market isn't a reflection of the economy.
Low amount of stock in circulation has its advantages. Once the silver price starts moving past 30, retail and silver ETFs will pile in, removing whatever stocks left and cornering the stock price. FRES is the only silver major at the UK market, as far as I know.
I remember when it spike to $28 and FRES hit £12
Undervalued by a factor of at least 3 at current metals prices. The markets are so dumb and I am very happy about that.
Yes. I remember that too. Hopefully the spot price holds (and keeps on going). Even not brilliantly managed miners like this one (on a comparative basis) should be making a lot of cash at these levels.
But experience has taught me not to look too far ahead with the PM space, so I'm just going to kick back and maybe not look so foolish with the size of my holding here one day :) GLA.
HOC too - junior at AAU - keep an eye on that one ...
Near £7 is my sell trigger
If silver closes above 30 USD (and especially if it remains over that level deep into next week), then IMO we might be looking at a good run up in the spot price, such as to at least 32 -33 USD in fairly short order.
Whether that happens and for that matter, whether the FRES SP follows suit, will be something to discuss if it happens!
If it breaks 7 quid, IMO a run up to circa 8 quid is on the cards, but I will not bet against you Mary :)
Longer term, I think more too, but one step at a time.
Have a good weekend all.
Fres looses ground to my US silver stocks on every single upmove. Fres has been the worst way to play this gold/silver rise. Turdnillo…
Agreed Ark. Cey isn't moving at all I wonder why
How far can gold and silver rise in the next 3 months you think? I have taken profit on all my silver positions and now have none to trade....
Anyone to offer any views? Bonker?
$34 Silver as shown below, $c2.7k Gold:
https://x.com/bonker_99/status/1791461489909309793
£8 is my average here so once it hits this I will dump this garbage
It's going much higher than £8.
Carvegyber - Taking profit very early is better than no profit at all.