In last week's COT Report, the Big 8 increased their short position by 12,885 COMEX contracts...but only covered 1,422 of those contracts in this week's COT Report...despite their huffing and puffing. WTF?
The precious metals industry called on Congress to pass the SILVER Act to address national security risks by strengthening the geographical diversity of U.S. precious metals infrastructure.
In the face of possible reasons (Iran conflict, inflation fears, etc.), why gold and silver prices should be going up, the price action of both since late January tells a different story.
The correction is expected to end, especially as the PM sector tends to bottom ahead of the broad market when pan selloffs occur. This zone is considered an excellent point to buy silver.
Silver's chart also weakened substantially, although it remains near important longer-term support levels and has not yet confirmed the same degree of structural breakdown seen in gold.
All bear markets. That’s the bad news but the good news is gold is up 168% from its key 2022 low, silver up 287%, while the TGD is up 258%. Is the glass half full, or half empty?
Silver needs to break over $86 and hold on in further pullback to $65. Nonetheless, the five-point pattern that has formed should be ultimately bullish.
Country Manager Bolivia Uribe: "I look forward to working closely with BP Silver's team to develop the potential of the Cosuño project, which may represent a significant silver discovery."
I speak with Prince Silver's CEO & Director, Derek Iwanaka, about 2026's plans to expand & develop the historic resource with a goal of 100+ MILLION Silver equivalent ounces, milestones ahead and more.
After the first ever drill program showed a mineralized Lithocap, a positive indication that a much larger system exists below, the company raised an oversubscribed financing (CAD$10M+) and proceeded to do additional field work in preparations for a Phase II and III drill program in the coming months.
