CEO Shearcroft: "With sixteen mapped and sampled breccia and vein structures identified within just three of our ten priority target areas, we believe we are only beginning..."
We are encouraged by silver making a lower low, even as gold made new lows. A divergence? The TGD also made a higher low, although the HUI joined gold in making small new lows.
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.
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.
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."
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...
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.
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."
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.
