Silver's outlook remains underpinned by growing industrial demand tied to electrification, solar power deployment, artificial intelligence infrastructure, and power-grid investment.
What made this an interesting week was that gold made new lows for the move, but silver did not. The gold stocks (HUI, TGD) also made new lows for the move.
In last week's COT Report, the Big 8 increased their short position by 12,885 COMEX contracts...but only covered 1,422 of those contracts in this week's COT Report...despite their huffing and puffing. WTF?
The precious metals industry called on Congress to pass the SILVER Act to address national security risks by strengthening the geographical diversity of U.S. precious metals infrastructure.
In the face of possible reasons (Iran conflict, inflation fears, etc.), why gold and silver prices should be going up, the price action of both since late January tells a different story.
What has been encouraging is that silver, unlike gold, did not make new lows for the down move. Yes, the gold stock indices did but silver's non-confirmation could signal a potential low...
All bear markets. That’s the bad news but the good news is gold is up 168% from its key 2022 low, silver up 287%, while the TGD is up 258%. Is the glass half full, or half empty?
CEO Iwanaka: "The growing gold contribution, together with zinc, lead and manganese, has the potential to materially improve the economic profile of the project beyond silver alone."
CEO Weber: “Hole HLD25-31 is the best hole drilled to date on the property and confirms the scale and continuity of high-grade silver mineralization at the Main Zone."
Country Manager Bolivia Uribe: "I look forward to working closely with BP Silver's team to develop the potential of the Cosuño project, which may represent a significant silver discovery."
I speak with Prince Silver's CEO & Director, Derek Iwanaka, about 2026's plans to expand & develop the historic resource with a goal of 100+ MILLION Silver equivalent ounces, milestones ahead and more.
After the first ever drill program showed a mineralized Lithocap, a positive indication that a much larger system exists below, the company raised an oversubscribed financing (CAD$10M+) and proceeded to do additional field work in preparations for a Phase II and III drill program in the coming months.
