SVL is my favorite silver stock. I have been buying this stock since it was 20 cents about a year ago and despite the 50% drop in the price, I can't really complain because no one can pick a stock on the exact bottom unless they get really lucky! The average price for me works out to be around 15 cents which puts my investement into a 33% loss so far, but the upside potential is unimaginable. It can be anywhere between 1,000% to 10,000% or even more depending on how far silver goes this time.
I think the price of silver has bottomed out and is due for a massive pump to approximately $100 per ounce which would be approximately a massive +580% from where it is trading now at appx. $17 USD. If silver spot sees the price I think it's going to see in the next few years, small-cap silver stocks like the SVL can increase 10 times or even 20 times more, which means SVL can increase up to 50,000% in the next few years which would take the price to somewhere around 50 dollars per share! I know this may sound crazy to some of you but not very long ago, SVL was about 10 dollars a share in 2011 when silver spot was appx. 50 dollars an ounce.
Bottom line is that as far as I'm concerned, this silver stock is definitely a buy here no matter what because the downside risks are very little compared to the upside potential. If silver spot pops and sees $100 an ounce which by the way would still be a cheap price given everything that is going on in the world, I would expect to see SVL trade above $20 a share on ASX. Silver is the most undervalued asset in the world right now and the number one reason for that, as we "conspiracy theorists" happen to know is the suppression of the price by globalist bankers through the derivative markets.
But this price manipulation cannot continue on without a sudden release or a pump and dump every now and then and the next one is only a matter of time in my opinion. If however the whole globalist banking system collapses, that is going to cause extreme chaos in the world and send the price of silver to at least $500 an ounce or even more but I don't think that is likely to happen yet which is why I for one will definitely be a seller around $50 an ounce at first and then around $100 an ounce.
Please do not take my post as an investement advice. Do your own research and come to your own conclusions. Trading is extremely risky and can lead to financial loss.
This is a liquid way of getting exposure to the Australian Silver market price. I think it’s time to start picking up a bit more. #keeponsteeming #keeponstacking
This is a liquid way of getting exposure to the Australian Silver market price. I think it’s time to start picking up a bit more. #keeponsteeming #keeponstacking
SVL is up 9% today, in spite of silver's pullback! I'm impressed :]
Haha you’re a market mover with your post
Cheers mate, I agree!
:]