Follow for daily silver market updates! | Sharing my insignificant thoughts here | silver enthusiast | mostly trading traditional markets | Consistency is king
Silver mining stocks are still significantly undervalued relative to silver. #Silver is breaking through the highs of 2010 and 2020, while most silver #mining stocks, such as $AG, are still below the prices of 2011, 2016, and 2021. The bottom that has formed relative to this is massive. Selling here seems very foolish to me.
This shows that we are still operating under the radar in stealth mode. But that should change soon. LT.
For #mining stock/ $AG holders - we should welcome any consolidation in #silver prices.
It gives investors greater security and brings significant new capital into our mining sector.
We are early in this silver bullrun and the miners sector hasn't even broken out against silver.
@Annie_Bex That's exactly right. We should welcome any consolidation in the silver price, because it gives investors greater security and brings significant new capital into the mining sector.
Silver was bought up immediately after the brief sell-off to $103 and is now trading around $112.
#Silver investors are still unsettled by such comex manipulation attempts, even though it's been the same pattern for some time.
It's very likely that #miners will also be bought up after fearful investors were forced out yesterday.
Here we are! $AG First Majestic Silver, my favorite #silver mining stock, has finally broken its all-time high.
And there's still a lot of catching up to do for the mining equity market.
Silver has reached $110, just one trading day after hitting $100, leaving all the top callers behind.
#Silver#miners are also performing very well pre-market.
Is this the moment the #mining market finally breaks out against silver?
Silver closed the week at a historic high of $103, ignoring the $100 mark.
Miners also rise, but more than 50% less than silver. Some, like First Majestic Silver $AG, which are still just below their all-time highs, performed slightly better.
Overall, however, #silver continues to lead the market. While the major breakout of the #miners market against silver is already underway, it is still yet to come. When do you think it will happen?
Triple digit silver is the new normal.
Don't expect banks and mainstream to sleep on mining stocks and charts like this for too long. #silver#miners#AG