The second peak in 2011 at roughly the same level as 1980 started the formation on what appears as the handle and projects silver to potentially rise to about $75 once we clear above $27.50. Minimum potential targets appear to be $38/$40.
CEO McDonald: "We are very excited to get underway drilling Columba once again. The initial holes of this program will be shallow to confirm dip and then will transition into large step outs along strike of around 100 meters..."
Morgan predicts silver hitting $50, potentially consolidating briefly before rising further due to industrial demand, suggesting a bullish trend ahead.
Since the gold-silver ratio tells us the price of gold relative to silver and vice versa, we can look at historical trends and draw conclusions about the prices of both metals.
Ian gives insight into what the large physical silver deficit might mean for the silver markets, and he discusses the high-grade Santa Ana Silver-Gold (75/25) project.
We discuss the positive production growth trend and forecasts for another record-setting year! Fortuna has announced its annual guidance of 457 to 497 koz Gold Equivalent ounces with strong production growth...
