While gold hogged the spotlight through most of the year, silver stole the show at the end. According to Metals Focus, several factors converged to drive the rally.
Silver is currently only about 58% higher than its 1980 peak. A major bull market does not generally end as close as 58% higher than its previous major bull market did.
A significant shortage of sulfuric acid, or even spiking prices, could impact copper output. About 70 percent of the annual silver mining supply is a byproduct of copper production.
CEO Jason Weber noted that completion of the survey will refine 2026 drill targets, clarify fault structures hosting veins, and potentially reveal cross structures with significant silver mineralization potential.
Why silver may remain range-bound in the near term despite a strongly bullish long-term outlook, key levels to watch, and how investors can avoid being caught on the wrong side of the next move.
Director Brown: "Our focus is firmly on advancing the Haldane high-grade silver project in the Keno Hill district of Yukon Territory, building on the transformative progress we achieved."
The good news is that despite the sharp drop, gold, silver, and the gold stocks remain in bull markets. We’ve seen this picture before, particularly during the 2008–2011 bull market...
Silver was initially sharply lower again this past week reaching a low of 60.97, although after that low was made, we moved sharply higher reaching a high 74.65, closing higher at 69.78!
