Shifting silver between New York, London, and Asian exchanges can temporarily ease squeezes, but it doesn’t fix the underlying problem – there isn’t enough silver.
Also, as you know, silver is well into its sixth year of a structural deficit -- and this data point from China just released, is yet another straw in the wind that despite the current 'wash, rinse & spin' cycle engineered by the collusive commercial traders of whatever stripe...the days of double-digit silver prices are numbered.
In light of that, I'm wondering if the efforts of the Big 8 commercial traders to reduce their short position in it -- and gold, to new record lows...aren't in…
The silver deficit is real and prices, despite some short-term volatility, will soon reflect market realities and rise accordingly. The silver market is experiencing a severe structural deficit, with demand consistently outstripping both primary mining output and recycling, leading to a projected sixth consecutive year of shortages in 2026.
The standout on the chart still remains -- and that's that silver has been bumped out of its No. 1 spot on the above Days-to-Cover chart -- and platinum has taken its place...but only by 1 day. This turn of events has come about because of the aggressive short covering by the Big 8 commercial traders in silver over the last nine or so months.
The good news is that despite the sharp drop, gold, silver, and the gold stocks remain in bull markets. We’ve seen this picture before, particularly during the 2008–2011 bull market...
The report concludes that Stampede Gap represents a compelling exploration opportunity, supported by favorable geology, historical results, and multiple mineralization styles.
CEO Shearcroft: "Together with the upcoming geophysical program, this work is expected to identify high-quality drill targets to be tested later this year."
CEO Iwanaka: "Standout intercepts from holes PRC-37, PRC-31, and PRC-32 rank among the most compelling encountered to date, delivering impressive combinations of high-grade silver, gold.."
CEO Weber: "With two drills available to us, we now have the flexibility to simultaneously test our numerous exploration targets on the Haldane Project."
BP Silver Intersects Bonanza Grade Silver at the Cosuño Silver Project -- The new silver exploration company released the final batch of results from a Phase-1 drill program to test the near-surface mineralization potential of the lithocap -- 11 drill holes, totaling 906 meters, were part of the first drill exploration program at the Cosuño Project.
