Even with the correction, the Silver Institute remains bullish moving forward, warning that despite some easing in the market, the environment remains favorable for additional squeezes.
It's a given, based on silver deliveries in 2025 -- and so far in 2026...that HSBC, Barclays, Standard Chartered, BNP Paribas, Deutsche Bank and Macquarie Futures hold by far the lion's share of the short positions of these non-U.S. banks. Canada's Bank of Montreal is a card-carrying member of this group as well.
And, like in gold, the BIS could also be actively shorting silver.
We are going to look at strong evidence that the PM sector bottom is in – we will also see why downside risk here now looks minimal and why the next major upleg looks set to begin soon...
That run into January 2026 was quite spectacular. We believe it ended as third wave up... The pattern forming suggests anywhere from $6,300 to $6,500. Silver to around $135 to $140.
A breakout occurs above $79 but we wouldn’t be looking at potential new highs until we break over $107. Silver appears to have good support down to $65. Below $62 silver is in trouble.
Gold and silver and the gold stocks seem to be caught betwixt and between...despite the ups and downs of the past two months, we are essentially going nowhere. We await breakouts.
CEO Shearcroft: "We are advancing Cosuño through an aggressive 2026 exploration campaign. We believe Cosuño has the potential to become a Tier 1 silver project."
Silver North has raised capital to fund drill rigs on the project over the next two years, and with just over a month away now from the start of 2026's drilling campaign, Jason discuses what comes next in the exciting Keno Hill District.
