There were major key reversals to the downside in all four precious metals yesterday, so from a technical point of view, a lot of damage was done...but the 50-day moving averages in both silver and gold weren't violated... even intraday, so we'll see what next week brings.
And to make matters more interesting, the silver premium in Shanghai on Friday over the U.S. price was at new record high... 17.54%
In a recent episode of the Money Metals Midweek Memo, host Mike Maharrey argues that gold near $5,300 and silver around $115 are not just headline prices but warning signals.
The Company is pleased to announce a non-brokered private placement of up to 4,687,500 units of the Company at a price of $0.70 per Unit for aggregate gross proceeds of up to $3,000,000.
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.
The Company is pleased to announce a non-brokered private placement of up to 4,687,500 units of the Company at a price of $0.70 per Unit for aggregate gross proceeds of up to $3,000,000.
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..."
