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.
We have read the SLV document which you quote often. On that day, and it will happen, when SLV owners are notified that the “contracts” have now been converted to cash settlement -- and the COMEX will do essentially the same. Anyone with a silver future now has the closing price the night before, but that future cannot be converted to bullion -- and is now no different that an S&P futures contract.
Relative to the Dow’s valuation, you are paying the same as in 1972 for an ounce of silver. Only when priced at $2785 per ounce would it be priced at the 1980 high in terms of the Dow.
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..."
