Well, considering this chart (and remembering the April 21st malarkey recorded here)…
….and also that FVI.v has been returning to and then bouncing off the silver spot price all year (so far)….
…..there’s every reason to expect FVI.v will close that gap with SLV in the next few days. As FVI.v is up and SLV down slightly today, that has closed the gap by 4%. So another 14% to go which, if SLV decides to stay where it is, would put FVI.v at $1.08.
Yep, I think that’s a reasonable short term target right now. DYODD, dude.
BTW, would the dumbass who steals my posts and pastes them on stockhouse bullboards (without even having the common decency to provide a link) please stop it? It’s not big and it’s not clever. I had a reader mailing me today asking whether it was me. It isn’t, it’s a dumbass. I don’t do bullboards any more (unless pointed in the direction).