GREY:LVNNF - Post by User
Post by
OnDaBallon Sep 11, 2013 8:42am
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Post# 21731906
Spot Price on Silver
Spot Price on Silver
The easing of tensions related to Syria are having a calming (read: negative) effect on the price of silver. This morning the spot price is down to $22.96 per ounce, after such a positive run over the last couple of months. In order for LVN to regain its upward momentum we are going to need that announcement that drilling has begun. Probably next week but by Friday of this week would certainly be welcome. Of course, all this is short-term talk. Long-term, i.e. 9-12 month (LOL), prices should be in dollars instead of cents if the drilling comes through as expected.