Hochschild Share Price (HOC)

"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.