⚡Silver Stackers⚡
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Silver down over 5% today, as the treasury and fed continue to intervene in markets to shore up their fiat currencies.
Three weeks ago Silver was pushed back below it's 50-day moving average, and today it was pushed back into the bull flag which it had been trapped in since setting an ATH of $121 at the end of January this year.
The current cost of production for Silver is the the low 30's, but this sudden dip back into mid 50's is a great buying opportunity, especially for anyone who started Stacking in the past 12 months, to get you average cost per ounce down. For everyone else, who've been Stacking for years, this dip is still a good buying opportunity if you're looking to grow your Stack at some of the lowest prices since the initial $50 breakout this time last year.
@SilverStackersSS
https://www.newswire.ca/news-releases/mining-association-of-canada-applauds-productivity-mega-deduction-as-transformative-step-for-mining-investment-in-canada-858702293.html
100% CapEx deduction coming to Canadian miners
That means they can bring forward expenses to reduce taxes
Massive change
Same accounting change that is driving AI spending
1 oz and 10 oz secondary market bars at spot today
https://monumentmetals.com/secondary-market-10-oz-silver-bar-999-fine.html
