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.
Two months ago, we saw metal get shipped from the COMEX over to London to address the shortage there. But now the spread has swung back in the other direction...
The silver market is still awaiting the government Section 232 report, which would finally determine the tariff status of silver now that it’s been added as a critical mineral.
Silver is up 92.8% so far, guaranteeing that it should have its best year since 1979. With it thrusting out to new all-time highs, the breakout suggests it could make even higher highs.
Friday November 28th is viewed as the most important day in the history of the silver market – why? – because as a result of breaking out of the bullish Ascending Triangle that has formed since mid-October, it finally made a convincing and decisive breakout from the gigantic 45-year long Cup and & Handle continuation pattern that has been forming since way back in 1980...
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..."
