As gold continues its upward march, eventually reaching $4,000 or more, he believes attention will shift to silver as the more affordable, higher-upside alternative.
The silver market is experiencing a perfect storm of supply constraints and growing demand that has led to a significant market imbalance. This imbalance has contributed to silver's impressive performance, with prices rising approximately 28% year-to-date, making it one of the best-performing commodities in the current market.
Gold and silver remain in consolidation, but their technical setups are still strong, despite the confusing crosscurrents caused by unpredictable tariff developments.
Earlier we had noted our nervousness over the fact that both silver and platinum made new highs but gold did not. A divergence...Now they both broke a support line but gold held.
CEO McDonald: "We are extremely happy with the first ever mineral resource estimate at Columba. We are also pleased to announce that drilling has recommenced at Columba. Our drilling plan includes extension drilling on all mineralized structures still open in all directions."
With high grade silver intersections of 1.83 metres (true width) averaging 1,088 g/t silver and 3.90 g/t gold as well as wider intersections of silver mineralization such as 5.81 metres (true width) averaging 365 g/t silver and 0.23 g/t gold...
