Alexco Resource Corp (AXU)

[Alexulf]

Yes, I`m on the same page. Yesterday we got news on silver moves, fundamentals and technical analyst.

Silver Price Analysis November 2020 | Silver to Rise After Election?•26 okt


Capital.com
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The silver price has been on a steady rise all throughout the month of October. And with the white metal showcasing its ability to sustain the higher values of the silver price, November seems to start off with those values intact.

The silver chart has been demonstrating a value range of between $23.00 and $25.60 per ounce since the beginning of the month. And currently, the silver analysis shows the commodity trading just below its monthly highs and sustaining a steady bullish trend.

However, with the present lack of volatility, the upcoming US presidential elections may be about to change things for silver in November 2020. We’ve already seen the silver price in 2020 demonstrate its potential for volatility, as prices climbed up beyond $29.00 in August before plummeting and then regaining their footing again.

With that in mind, there are indicators in the silver chart analysis that suggest the precious metal might see gains in November. And seeing as how the silver price analysis has been consistently producing higher support levels, there’s reason to predict that speculative buying may also contribute to a buildup of upwards momentum. Hence, a speculative silver price forecast for November entails a high target of $27.20.

Watch the full video for all the latest silver price news and our take on how the silver price today could change in the weeks and months ahead.


Giving Alexco has pulled back a bit, it`s likely a consolidation of the share price.

With quarterly coming up, I guess we will have some move up - this and the new chart, is a probable cause to another increase of share value.

Financing etc is done and ready now, so it`s higher ranked and de-risked on the market; with so few pure silver stocks (with extremely high-grade silverl) I will increase my position.

The fact it`s traded on NYSE as well is a big advantage; here is the big money. One day within a close future, I expect a big rise from a major investor - hedging with silver, since it still has a lot more leverage then gold now.