On June 5th, silver finally broke above both the $32–$33 and $34–$35 resistance zones that had capped its upside for the past year, frustrating many silver bulls, including myself.
Silver finally broke out and made new 52-week highs. However, we don’t like the way it broke out. Platinum is doing something similar. Both made new 52-week highs this past week...
CEO Weber: "We have participated in this program before and it is an excellent initiative to help boost early-stage exploration in Yukon. The Veroncia is an excellent candidate..."
President & CEO McDonald states: "It is a starting point of 54 million ounces that sets Kootenay up very well to achieve its objective of defining an economic resource at Columba..."
Silver-futures buying is likely getting tapped-out. These super-leveraged traders have far more room to dump longs and ramp up shorting than keep buying, which is ominous for silver.