Post by
MarkAble on Jan 31, 2021 9:33am
Silver short
If a short squeeze (along with other technical and demand issues) drove silver to up to a $100 an ounce where would the share price of Silvercorp but at?
Comment by
MarkAble on Jan 31, 2021 8:03pm
Yeah that's what I would guess - somewhere above $30. Silver markets have opened for the week now in Asia and the price is up 6% over Friday close. Interesting to say the least.
Comment by
MarkAble on Feb 01, 2021 9:10am
Hmm..looking very very good at the opening today. But rather hard to sell because we don't know just how wild a ride this silver short squeeze is going to be. If it turns out to be another GameStop this thing could rocket north of $60.
Comment by
goldanalyst on Feb 01, 2021 10:13am
$30? I think you are way too low on that number.....the squeeze has just begun and will takes weeks to complete...once silver gets going we will be north of $50 in a heartbeat....likely we will see $100 before all is said and done