Experts anticipate silver recovering to new all-time highs above $80. Maharrey says the bigger story is not a short-term pullback, but the supply squeeze underneath the entire market.
Weldon says the speed of silver’s move does not surprise him. He points to a level he had emphasised earlier. Silver had repeatedly struggled around $36.50.
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..."
This shortage of metal seems to have created an unusual setup in COMEX futures, as investors appear to be moving March contracts backward to January and February.
Silver demand has outstripped supply for four straight years, and the Silver Institute projects that 2025 will be the 5th. The structural market deficit was at 148.9 million oz in 2024.
Silver appears to be starting off the New Year where it left off. After a 143% gain, what could silver do next? Well, how about 9.2% in the first week and 11.5% up since December 31?
