The resilience of the Precious Metals sector is a sign that some of the money fleeing the Tech sector is rotating into the downtrodden PM sector as a safe haven.
Back on April 7...the Big 8 were short 43,407 COMEX contracts when silver was $72 the ounce. As of yesterday's COT Report, the Big 8 short position in silver was 46,117 contracts...with silver at $50 as of the Tuesday cut-off.
....
All that stands in the way of a rather spectacular 3-digit silver price...as it's always been...are the Big 8 collusive commercial shorts. If not for them...we'd already be there.
A team at Seoul National University (SNU) said silver catalysts can help a solid oxide fuel cell generate electricity or split water to produce hydrogen.
Historically, the ratio has averaged between 40-1 and 60-1 in the modern era. When the ratio expands far beyond that average, it tends to eventually snap back to that mean, often very quickly. As I write this, it stands at about 77-1.
Now we enter a more positive seasonal period for gold and silver. But hold on – we are not out of the woods yet. Indeed, we would not be surprised that we continue a choppy pattern...
Given the huge run-up from 2022 to 2026 (gold gained almost 200% while silver leaped almost 300%), it shouldn’t be a surprise we’ve been hit with an overdue correction
Silver needs to break over $65, then $72 to suggest higher and confirm a low. Silver too appears to be making a wave 4 correction, up from a major low in 2020. If that’s correct, we could eventually see new highs above the January 2026 high of $121.64.
CEO Weber: "Strong, wide structures tend to be better hosts for Keno-style silver-lead-zinc mineralization and that appears to be consistent as we move southwest."
A special interview with three-key members of BP Silver Corp. join me to discuss the latest high-grade silver and gold mineralization. The latest drill results include 10 meters grading 183.62 g/t silver and 0.59 g/t gold, near surface, including over 1/2-kilogram of silver equivalent over 2-meters. The gold results are an unexpected bonus.
CEO Iwanaka: "Patrick has made a tremendous contribution to Prince Silver in a relatively short period of time. He has helped modernize our exploration program..."
The first batch of drill results for 2026's drill season have been released and the Main Fault continues to deliver strong silver grades over wide intersections, rivaling last year's best ever drill hole.
Well financed through 2027's drilling season, watch to learn more about the growing size of a developing silver resource adjacent to Hecla's Keno Hill mine.
