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Jigging up and down around $30.
Some crazy intra-day volatility on US market open.
Yanks initially pushed the price down to c.$28.5 then the price reacted like an beach ball being held underwater as it popped up to $29.4 within minutes.
See if it holds above $29 overnight
Through $30 and we really will be into breakout territory here.
Yes Willem M and CDF bought that with GGP many years ago also.
Been topping up on Jupiter fund, rather than BlackRock, Ned seems to know what he is doing. More chance of making the right choices than I have. Over 9% in de grey, looks a better Aussie option than GGP, open cast mining always cheaper. Guys on Hotcopper are very excited about DEG, no wonder looks huge.
Https://kingworldnews.com/michael-oliver-the-mania-in-the-silver-market-is-directly-in-front-of-us/
SILVER is an Eastern Bought Powder Keg Readying to Blow
https://www.youtube.com/watch?v=lGkArVbSAPw
Hold Jupiter Gold & Silver fund also.
Dumped all my developers, that were not fully financed and permitted last year when banking crisis happened, thinking raising finance would get harder.
https://seekingalpha.com/article/4613898-discovery-silver-silver-project-in-mexico-advancing-long-term-story
Anybody in DSV? I think too soon, then I think maybe not if the Silver price really sets off. Jupiter in for a chunk, so already hold some through the fund.
Https://moneyweek.com/investments/investing-in-silver-bull-market
This man has been like Yoda to me over the last 18 months, well worth the watch.
https://www.youtube.com/watch?si=3phd33DiDu3e6uYE&v=2vsATe-T3wc&feature=youtu.be&themeRefresh=1
$35 to $50 silver prices may become a ‘real possibility’ this year: analyst
https://www.marketwatch.com/story/it-may-be-silvers-turn-to-shine-after-the-gold-rush-to-record-high-prices-e119b3ec
"Gold has generally outpaced performance in silver over the last few years, but the tide may soon turn in favor of silver."
"Forecasts pointing to a fourth straight yearly deficit in global supplies and a rise in demand to its second-highest level on record raise the potential for silver prices to rally, and even roughly double before the end of 2024."
> A double up from here in 2024 would be most welcome, and I've seen forecasts for Silver moving much higher into the future.
GLA
Taking a few more of these on the intra day dip
I converse with this lovely guy and Chartist.
Fantastic Silver price target projections.
https://twitter.com/SaharasCharts
India's February silver imports hit record and set to rise 66% this year
Read more at:
https://retail.economictimes.indiatimes.com/news/apparel-fashion/jewellery/indias-february-silver-imports-hit-record-and-set-to-rise-66-this-year/109134208
Momentum starting to build in the sector..
3SIL is a 3 x Leveraged futures play
The miners are starting to look perky after a long time in the doldrums.
GL
SILG.L (SIL Global X Miners ETF)
https://www.nasdaq.com/articles/3-strong-buy-silver-stocks-with-14-to-45-upside-potential
Accumulation zone in the 8’s.
SILVER/DOW ratio, Ag to outperform by a factor >50 to get back to 2011.
Boing boing
https://www.fxstreet.com/news/silver-price-forecast-xag-usd-fluctuates-amid-us-inflation-data-feds-commentary-202401112024
Is that it, have we bottomed or do we get the $21 handle?
Silver cash golden cross, RSI Mod (14) lowest in seven months, is this the DCL, or do we get as low as Fib 61.8?
EWT ABC correction could still see a low of $21.
Maybe a swing trade between $21 and $26, and go in heavy once $26 horizontal resistance breaks and retests and holds as support for at least 3 daily closes.
Why Silver, why now?
SILG constituent First Majestic, does a reasonable job of explaining;
https://www.firstmajestic.com/_resources/presentation/corporate-presentation.pdf?v=0.981
AI predicts $30-$35 Ag during 2024.
https://finbold.com/ai-predicts-silver-price-for-the-end-of-2024/