While gold has gotten the headlines, silver has had a solid bull run over the last several months. In fact, the white metal has outperformed gold in this gold bull market.
Kootenay Pres. & CEO McDonald: "We are very excited to continue stepping out and are preparing to add a drill rig to test high priority targets while one will remain dedicated to..."
Gold’s record-setting rally may have captured the headlines, but silver is running harder and faster as the less glamorous metal benefits from financial and industrial demand.
July Silver broke out on the weekly chart with enough force to imply it will reach a minimum of $37 an ounce. That would represent a 16% move on top of the already impressive 28% gain...
With prices closing around $31.50, the strong resistance zone is already broken. The next target now sits around $35. Above that, the all-time high at $50 would be coming into play.
Over the last 125 years, silver has formed two similar patterns. This year could be a breakout year, with a potential top around 2028 if the pattern holds true.
The breakthrough over $30 was far more than expected and the next targets are $39/$40. The mark had stood at $30.35 since February 2021. Silver closed the past week at $31.26.
