How I see the silver stocks moving in relation to silver This is just my opinion...I could be totally wrong...
The junior silver miners ratio to silver price $SILJ/ Silver hit it's long term support on August 22/2023 which is almost 2 1/2 months ago.. During these last 2.5 months, the ratio's long term support level has held..
In Jamuary 2016 when this same ratio had hit this long-term support line, the price of $SILJ then skyrocketed up a whopping 390% in the next 7 months while the price of silver itself went up 53% by July 2016... The price increase for $SILJ was 7.35% for every 1% gain in the price of silver or 73.5% gain for every 10% gain in the price of silver..
If this same ratio repeated itself now we could see staggering increases in the price of a stock like AAG if silver starts a new bull run very soon...
So let's do the calculations of where we can expect the price of AAG to be if the silver bull run starts soon...
Today the silver price is $ 22.70 US and the price of AAG is $ .195 cdn as I write this so....
22.70 x 53% increase = $ 34.73 ounce silver
.195 x 390% increase = $ .955 cdn/ share AAG
Now back in 2016 it took 7 months for this 390% increase to happen, today 7 months after August 22/2023 gets us to about March 22/2024...
Again I could be totally wrong on this, but do your own due diligence and research...
AAG may outperform many other silver juniors because it is already too severely undervalued and so it might explode even higher just because the market needs to reset this share price...
It's a nice risk to reward scenario right now...If it works, people will make a nice chunk of money...