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Silver price discussion and analysis

Hi Dark1975,
I hold MKR (undervalued Gold producer with pretty good Silver resource as well) along with a speccie PMY.

Cheers tela
Mkr looks promising in 2022 on the MTA boppy project, I will dive further in to the info on this stock but a good small cap stock on face value
 
Hey guys,
Just gauging and was curious to see what silver mining companies people have,
I hold S32, SIL ca ( silver Crest mining) OZl and Bhp ,

I hold Myanmar Metals; not in production yet, in the development phase; here are a few brief interviews with John Lamb (CEO):

Watch this interview first, if you can, which is a few minutes:
https://videos.ctfassets.net/hnlfgs...73ca99ae02c6d0c9782/Myanmar_VO_2020-02-05.mp4


Then this interview, which is also a few minutes:

 
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Mkr looks promising in 2022 on the MTA boppy project, I will dive further in to the info on this stock but a good small cap stock on face value
Thanks Telamelo for MKR bought at 36cents, i thought I'd share some important substantial shareholder purchase a couple days ago I noticed lance Rosenberg from tricom or parent company spinite pty Ltd,
 

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Silver is really starting to break out. A month back the gold/silver ratio was hitting 120 to one, now 70 to one.

Stocks such as SLV, SLR, RVR, PMY, ARD and HRD are ones to monitor.

Silver is up almost 30% since July.

Love my silver coins and SVL
 
and the ETF ETPMAG 45% profit since 06/07 yes a month.. and will be more tonight
I bought more 23/07 thinking hum that is pushing a bit already up 16% yesterday
silver the Zoom of metals but with actual usage and profit
 
I just read an article by FXSTREET suggesting that Silver is often correlated with Copper because of its industrial applications: "It does have a safe haven status and can track the movement of gold but the price action does often correlate with copper and iron ore." (https://www.fxstreet.com/news/silve...ahead-of-this-weeks-fomc-meeting-202009141837)

I decided to test this claim and found that Silver is ~2.8 times more correlated with Gold than Copper. I used the weekly close data over 5 years for the commodities. See below:




 
writing in Hero Zedge

The SLV ETF surged 11% late last week which came after Reddit user 'TheHappyHawaiian' posted the following thesis on buying silver noting that "the worlds biggest short squeeze is possible and we can make history."

'TheHappyHawaiian' cites two reasons to buy - The Short Squeeze and Fundamentals.



 
The ratio has dropped to 64/1 today. Silver is off to the races now.
I have never really been a fan of the ratio, especially seeing that POG and silver have different price drivers.
Here's why:


Versus"


Nevertheless, as the reddit team have had some recent success in the markets, silver looks to be a short term (at least) outperform.
Longer term silver has abundant supply through byproduct credits, whereas gold barely meets demand.
 
Noirua thanks for posting those two videos, they were really interesting. I'm posting a couple of charts that look at the Silver market through a different lens, I'm not suggesting this is the best way to view it but I find it useful.


 
Looks like silver is going down to test the support at 22.00 (triple bottom). ASX silver companies are not in demand atm.

 
Looks like silver is going down to test the support at 22.00 (triple bottom). ASX silver companies are not in demand atm.
This too, will pass, for today it would seem.
Are we ever going to see a physical silver squeeze?

POS doing its best to climb out of the mud overnight.
4hour bars.

 
Silver still stubbornly holding above 22 USD... currently 22.185, just up from 22.155, looks shaky. I keep on asking myself at what price I'd be a buyer for long term ETF hold. Problem is it still looks expensive to me, considering March last year prices in the 12ish USD area.
 
Last Friday after the Aus market closed, in the Northern Hemisphere markets, both Gold and Silver were traded into the red for about the fourth time in Four days. This morning before the market opened, both gold and silver were in the red further here in OZ.
Hence, I fully expected that stocks mining both of these would continue their downward trend.
The gold stocks followed expected behaviours, but were not marked down as much as I expected.
However, silver seemed a bit odd.
SVL, MKR were marked up. ARD was the only silver play marked down.
I was fully expecting to be able to pick up[ both MKR and ARD at cheaper prices than my last sales.
Perhaps the players seem to think a low in silver is upon us.
Mick
 
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