CEO Weber: "We believe this purchase recognizes the strong potential of the Haldane Property to host a significant silver resource in a historic silver camp."
In DiRienzo’s view, the market has established substantially higher floors because silver is increasingly being valued for both its industrial utility and its investment potential.
The company announces an update on its property-wide drone-based magnetic ("MAG") survey at its 100% owned Cosuño Silver Project ("Cosuño") in Bolivia.
The January 1973 Dow nominal all-time high was the peak of the cycle since the post-Great Depression low. Silver peaked about 7 years after that January 1973 Dow nominal peak.
"The 2026 program aims to build on last year’s success, as well as follow up on new targets generated from our airborne LiDAR, magnetics and VTEM surveying conducted earlier this season."
Silver is also approaching an important resistance level at $64. A break above this level would strengthen the recent move higher and bring the key $70–$72 resistance zone into focus.
The decline from the January high of $121.64 has unfolded as either an ABC or also an ABCDE – a corrective wave. We won’t break out until we are over $70.
Given the strength of silver’s big breakout last Fall, it’s asking a bit much to expect it to dig deep into this support before it takes off higher again. It could take off very soon or even immediately.
