So, to sum up, silver’s correction is coming to an end and it’s time to start scaling in to silver investments, aware that it could drop a bit more, in which case buying can be stepped up. If it should start to advance without delay we will adjust our strategy accordingly.
When rate expectations shift, the dollar strengthens and investors rush for liquidity, silver can move violently, even if the underlying physical demand story has not disappeared.
The Big 8 commercial traders in total are net short 44,993 COMEX silver contracts...down 1,899-34=1,865 contracts on the week -- and about 1,600 contracts above their lowest short position I have records for.
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.
All have fallen under the 200-day MA. All are in official bear markets. The intermediate (weekly) trend has turned down, a sign that one should be shifting out of the precious metals.
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...
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.
