Silver needs to break over $65, then $72 to suggest higher and confirm a low. Silver too appears to be making a wave 4 correction, up from a major low in 2020. If that’s correct, we could eventually see new highs above the January 2026 high of $121.64.
CEO Iwanaka: "Patrick has made a tremendous contribution to Prince Silver in a relatively short period of time. He has helped modernize our exploration program..."
There are significant grades of copper, gold, indium, lead and tin in some holes. The vertical and horizontal distribution of these metals will also give us valuable geological information about the zoning of the...
Ira Epstein discusses the current state of the metal markets, noting a continued decline despite stable interest rates and a steady dollar, as investors remain reluctant to purchase metals.
Silver wave iii ended at the 121.65 high, and it looks like wave iv has become more complex and is still underway, as shown on our chart. Within wave iv, we appear to now be working on a double 3 wave corrective pattern.
Silver also could be showing a double bottom, but that’s too close to call. We might see new lows for silver, but not gold. Silver did break that trend line, signaling lower prices. That would be a positive divergence.
The silver market is experiencing a severe structural deficit, with demand consistently outstripping both primary mining output and recycling, leading to a sixth consecutive year of shortages.
