Silver prices are surging toward $60 an ounce. The white metal finally broke out to new all-time highs two months ago -- at least without adjusting for inflation.
Silver has recently emerged from a bottoming pattern that began around 2014, when it broke down below the channel. That bottoming pattern is very similar to the one in the early 2000s...
The bigger story is that silver has been one of the standout performers this year, and the pace of the move is forcing investors to look past the headline price...
Silver jewelry and coins will be allowable as collateral. Bullion, including bars, and financial products such as ETPs and mutual funds will remain ineligible.
The best performing precious metal for the past week was silver, up about 3.6%. The metal has gained nearly 22% in the past month, previously hitting $50 an ounce in 1980 and 2011.
Silver jumped 3.5%, far outpacing gold and the gold stocks. Industrial demand and the tightening supply of physical silver have led to the price rise. Can it be maintained?
CEO Iwanaka: "This is the largest modern drill program undertaken at the Prince Project since historical drilling in 2012 and thus far we are very encouraged by the geological indicators"
CEO McDonald: "The two holes are 95 meters apart and associated with nearby magnetic highs, which may indicate the intrusive source of the gold. More drilling will be done to assess..."
The first hole of the 2025 program extended mineralization 90 m downdip from 2024 discovery intersections. Results received from three holes at the Main Fault target. 5 additional holes to be reported.
CEO Weber: "Our primary goal for the 2025 drill program was to test the strike and depth continuity of the Main Fault target. I’m very pleased that we've been able to achieve that goal..."
