This could be an important moment in silver. I prefer that the metal stay cheap but I fear we are about to run out of time before this train leaves the station.
What do you think will happen to SILVER over the next year or two?
I prefer to look at and use logarithmic charts because they're less dramatic but included the regular one for comparison.
The targets I put on the chart are conservative. Conceivably a $3 to $5+ stock. In the medium and long-run I think it makes new all-time highs.
Technical Analysis doesn't have to be fancy.
Silver technicals and structure has an intact bullish makeup
The long-term analysis shows that silver has cleared all major resistance and should follow gold to a new all-time high within the next 6-12 months, possibly much faster.
The macro fundamentals are supremely bullish:
Negative interest rates and the beginning of a global currency war/easing...
SSVRC has reported bonanza silver grades of 3,760 g/t over 2.5 m and is an absolute bargain at $60M mkt cap / 51M float compared to peers. The drilling program has been expanded to 12,500 m and we should be seeing more results reported soon. Strong management group with history of discoveries. Fully funded for 2020. Trading in historical support zone and getting...
After testing $30/oz back in early August and failing to move higher silver has had two significant pullbacks in price. The first was in mid-August which saw price fall from near $30/oz to a low of $23.40/oz on August 12th. The second significant pullback was today which saw price fall from nearly $27/oz at the open of trading today to a low of $23.71/oz-and an...
the RSI divergence with price is worrisome at this point. guts feeling is buy but technical says otherwise. Same as Barrick gold chart. suspect that GDX will demonstrate similar pattern.
As usual, demand for Gold mining stocks has risen with the ore rally. Mining stock such as KGC has outperformed major gold/silver mining ETFs and completely obliterated gold/silver ETFS since March.
It is a higher risk and higher reward play for investors who want to ride the gold/silver trend.
EV/EBITDA TTM, Price/cash flow TTM and many other valuation...
Is it so difficult to imagine silver going 10x over the next 3-4 years? That would put the price over 290 per oz. What about a 30-40x move to over 1000 per oz? I can make an easy case for triple & quadruple digit silver over the next decade just by looking at the silver : M2 money supply. The creation of our currency = inflation. While this inflation (expansion)...
Major news from this silver mining company came out in the afternoon so I don't think we saw the full effect yet. In the process of getting re-rated. Very undervalued based on their production numbers. Favourable macro.
Bayhorse Recomences Operation at Its Relocated Silver Flotation Circuit for Mineralization from Its Bayhorse Silver Mine
Looks like Aurcana is ready for a big move !
Breakout on RSI.
On balance volume shooting up.
Volume growing exponentially.
Bullish hammer on the monthly chart.
Resistance at 0.68 has been overcome today by a 25% move. Backtesting at the moment.
AUN has been a laggard in recent times (maybe because of some debt on balance sheet).
With silver jumping above 20...