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Silverminers

Silver Trend OutlookSilver technicals and structure has an intact bullish makeup The long-term analysis shows that silver has cleared all major resistance and should follow gold to a new all-time high within the next 6-12 months, possibly much faster. The macro fundamentals are supremely bullish: Negative interest rates and the beginning of a global currency war/easing cycle/competition to devalue. Massive fiscal stimulus is on the horizon in the next 3-5 months, and not just in the US. Rest of the world is starting to catchup. The long-term global trend towards electric, clean, and renewable energy and the sheer amount of investment required to change our energy infrastructure will require that silver goes parabolic, along with many other commodities. There's not a lot of silver in the world. New production takes time, cannot happen overnight. A Biden win / blue wave will mean marginally more open global trade, which is bullish commodities. It will also mean something like a green new deal, infrastructure spending, and stimulus that could cause the US economy to overdose. FX_IDC:XAGUSD TVC:SILVER
TVC:SILVERLong
by Ludwig_Von_Mises
Silver Breaks Below Triangle/Pennant PatternAfter testing $30/oz back in early August and failing to move higher silver has had two significant pullbacks in price. The first was in mid-August which saw price fall from near $30/oz to a low of $23.40/oz on August 12th. The second significant pullback was today which saw price fall from nearly $27/oz at the open of trading today to a low of $23.71/oz-and an ultimate closing price of $24.71/oz. Today's pullback held just above Support 1 which stems from the August 12 low which was made during the first significant pullback after silver tested $30/oz. Should this support level fail to hold going forward, Support 2 is the next level I'm watching and stems from the long-legged doji candle low on July 28th. Long-legged doji candles are price candles where the open and close for the period are at, or near, the same price which creates a small candle body. The wicks, or legs, of the doji candle are long in length and show extreme moves up and down in price during the candle period. A small body and long wicks creates a long-legged doji candle and they are a sign of trader indecision. Since price ultimately moved higher after the July 28th doji candle it indicates that traders went from being undecided to bullish, and that the low of the doji candle should be the short-term low for the next rally. Price rallied to $30/oz on August 7th, declined to $23.40/oz on August 12th and is now testing that August 12th low again at Support 1. The Price Percent Oscillator(PPO) is showing the green PPO line trending below the purple signal line with both lines trending down. This indicates short-term bearish momentum in price. The green PPO line is crossing below the 0 level which indicates that intermediate-term momentum is turning bearish as well. The Average Directional Index(ADX) show the purple directional line has crossed above the green directional line which indicates that price has shifted from a bullish trend to bearish. The histogram in the background is flat, should it begin to rise it would indicate increasing strength in the bearish trend. Overall the ADX is showing a weak bearish trend in price. The Traders Dynamic Index(TDI) show the RSI line has crossed below the lower, blue Bollinger Band which indicates bearish momentum volatility in price. Crossing below the lower BBand has caused the RSI line to turn red which in turn has colored the price candles red as well since the price candle colors are based on the TDI. The background of the TDI is still green which indicates that the intermediate-term momentum in price is still bullish. Overall the TDI is showing a bearish spike in volatility during an overall uptrend in price. After many were hoping for a bullish resolution of the triangle pattern ie a breakout higher in price, today saw a major pullback to a critical support level. For the immediate short-term trend in price to remain bullish silver needs to hold above Support 1 near $23.40/oz. From there Support 2 near $22.29/oz would be the next likely support level on any potential move lower. The last level of support is Support 3 which is also the base area in price that was made before the swift move to $30/oz. Support 3 is in the $17-$19/oz area. Overall I'm still bullish on silver price going forward, but a move below Support 2 would indicate that the short-term trend in price is shifting from bullish to bearish. The would require monitoring price for a shift in intermediate-term trends as well.
FX_IDC:XAGUSDLong
by PrepForProfit
BHS.V -- Undervalued silver play getting re-rated on newsMajor news from this silver mining company came out in the afternoon so I don't think we saw the full effect yet. In the process of getting re-rated. Very undervalued based on their production numbers. Favourable macro. Bayhorse Recomences Operation at Its Relocated Silver Flotation Circuit for Mineralization from Its Bayhorse Silver Mine Burnaby, British Columbia--(Newsfile Corp. - August 10, 2020) - Bayhorse Silver Inc (TSXV: BHS) (the "Company" or "Bayhorse") has relocated its milling and silver flotation circuit to Fruitland, Idaho, from the Bayhorse Mine site, in Oregon and increased the capacity of the circuit to allow for processing at an "as mined" tonnage of 200 tons per day from the Bayhorse Silver Mine. The Company has added trained flotation operators to its Mine staff in Idaho to recommence flotation operations and recommissioning. As disclosed in the Company's news release BHS2020-12, metallurgical testing has achieved 87% silver recovery, with the expectation the recoveries will reach 90%. The Company is planning to produce a silver concentrate averaging 10,000 g/dmt. The concentrate is expected to contain 11% copper. The concentrate will be placed in supersacks and shipped in 25 ton containers to prospective purchasers. The Company is preparing two sample 50 ton shipments of concentrate to prospective purchasers. Initial processing will treat the 400 tons of Ore-Sorted mineralization currently stored at the Bayhorse Mine. This will be followed by a further 300-400 tons of already mined mineralization stored inside the Mine after it is processed through the Ore-Sorter. The Company reduces the “as mined” tonnage through pre-concentration using its state of the art Steinert X-Ray Transmissive (XRT) Ore-Sorter, that is capable of sorting the Bayhorse mineralization at a rate of 40 tons per hour. “the references to “Ore-Sorter” do not imply the property hosts “mineral reserves supported by a PFS or FS”. Fines from 8 mm up to 25 mm, produced from mining operations, are screened off prior to crushing the over size material down to 25 mm which are then passed through the Ore-Sorter. The highly selective Ore-Sorter selects 5% - 7% of the mineralization and rejects everything under a Specific Gravity (SG) of 2.8, or 93% to 95% of the input. From an "as mined" rate of 200 tons per day, only a maximum of 40 - 50 tons per day of pre-concentrate is selected to be transported to the flotation circuit. The fines at minus 8 mm mineralization goes direct to the milling and flotation circuit. As reported from the historic Silver King Mines 1984 mining program, mineralization was characterized as 23% at between 20 and 100 oz/t (622 - 3,210 g/t) ; 71% between 6 - 20 oz/t (186 - 622 g/t); and 6% under 6 oz/t, (186 g/t). The established cut-off grade at the time was 6 oz/t. Recent Steinert XRT Ore-Sorter rejection grades are as low as 15 g/t, as reported in the Company's news release, (BHS2020-02). The Covid-19 lockdowns slowed the completion of the relocation and capacity increase of the mill, as well as the comprehensive metallurgical work conducted over the past number of months. The metallurgical work was in part to provide additional data to potential purchasers of the Bayhorse Silver Concentrate, and partly for the reconfiguration of the resized flotation circuit. Bayhorse CEO, Graeme O'Neill comments, "I congratulate the Company's consultants, miners and other operations personnel for their perseverance in achieving the recommencement of Mine operations in a safe manner and under the difficult circumstances of the Coviid-19 shutdowns. I also thank our many loyal shareholders for their patience during these past trying times." The Company is planning on recycling the majority of the water and tailings used in the flotation process to maintain the Bayhorse Silver Mine as a minimum impact mine. The Company is not basing any decision to produce on a feasibility study of mineral reserves demonstrating economic and technical viability and advises there is an increased uncertainty and specific economic and technical risk of failure with any production decision. These risks include, but are not limited to, (i) a drop in price of commodities produced, namely silver, copper, lead and zinc, from the pricing used to make a production decision; (ii) failure of grades of the produced material to fall within the parameters used to make the production decision; (iii) an increase in mining costs due to changes within the mine during development and mining procedures; and (iv) metallurgical recovery changes that cannot be anticipated at the time of production.
TSXV:BHSLong
by wealth_bakery
The case for QUAD-digit silverIs it so difficult to imagine silver going 10x over the next 3-4 years? That would put the price over 290 per oz. What about a 30-40x move to over 1000 per oz? I can make an easy case for triple & quadruple digit silver over the next decade just by looking at the silver : M2 money supply. The creation of our currency = inflation. While this inflation (expansion) tends to go into financial assets first, it will catch up with the real economy in time. I believe deflation is temporary and the lag that we're witnessing is similar to the count down before a rocket takes off. Take a look at the Federal Reserve's balance sheet. We have a problem and it's going to catch up with us quickly. Look at the chart below of SILVER:M2 to understand where silver price is in relation to M2 money supply and how historically cheap silver actually still is..
TVC:SILVERLong
by gghsusa
8
AUN Aurcana sets up for a very powerful move !!!Looks like Aurcana is ready for a big move ! Breakout on RSI. On balance volume shooting up. Volume growing exponentially. Bullish hammer on the monthly chart. Resistance at 0.68 has been overcome today by a 25% move. Backtesting at the moment. AUN has been a laggard in recent times (maybe because of some debt on balance sheet). With silver jumping above 20 dollars there could be some relief ... Watch this closely in the followin weeks !
ALong
by Dangermousebanana
2