It's been a wild four weeks in the physical silver space -- and the only explanations for these massive withdrawals was a conversion of paper silver shares for physical metal and/or the silver was more desperately needed elsewhere. A net 32.149 million troy ounces of silver were taken out during the prior 4-week time period. The largest 'out' amount were the 34.928 million oz. out of the COMEX...followed by the 11.477 million out of SLV.
On an episode of Soar Financially hosted by Kai Hoffmann, Stefan Gleason joined the show to explain what is driving the near-daily precious metals headlines.
Silver topped at just under $50 oz. in 1980, and again in 2011. ChatGPT says that $45-50 oz reflects full fundamental value. I would not be surprised to see it go beyond $100.
We’re seeing more movement in the gold and silver pricing, this time with some divergence, as the gold futures are currently up $86, while the silver futures are down $1.40.
Hi-ho silver, away! Just when you thought that silver was about to have a steep correction, given that outside day key reversal on December 29, 2025, the signal slammed back in our face.
Silver appears to be starting off the New Year where it left off. After a 143% gain, what could silver do next? Well, how about 9.2% in the first week and 11.5% up since December 31?
CEO Iwanaka: "Securing this additional ground now ensures we control the majority of the prospective extensions of the Great Western Fault's mineralized corridor as we continue drilling."
CEO McDonald: "These three deposits are well positioned to be quickly advanced with silver experiencing a nominal record high of $94.09 per ounce driven by a multi-year supply deficit..."
CEO Iwanaka: "Our first five RC drill holes have encountered multiple thick, well mineralized intersections from reasonably shallow depths, returning excellent silver, gold, and manganese."
CEO Weber: "The Main Fault is showing itself to be a strong and complex fault structure capable of hosting high grade silver, gold, lead and zinc mineralization..."
VP Brittliffe: "The high-grade veins enveloped by the wide zones of low grade underscore the huge amount of silver in the Columba vein system and bodies well for further expansion..."
