Gold and silver are firmly in correction, while doing excellent work to refresh for the next bull market rally. Technically, critical support levels are being tested.
CEO Weber: "With the largest drill program in Haldane’s history now complete, we are eager to see the results and what they may tell us about the potential for further discovery ...”
CEO Iwanaka: "Together, these modern results are sharpening our geological model and building confidence in the technical foundation for a maiden mineral resource estimate."
Major support is at $50. We’d be surprised if we fell that low. Ideally, either gold or silver makes new lows but the other one doesn’t. That divergence would signal a potential bottom.
In a nutshell, registered silver stocks declined, but total physical stocks increased. This signals category movement and net deposits, not escalating depletion of physical silver.
The high-grade silver-bismuth-antimony mineralization associated with the silver system, demonstrates the potential for multiple critical and strategic metal by-products at Cosuño.
For some perspective, the drawdown was roughly 25 percent larger than the 5.75-million-ounce decline from Oct. 3-9, 2025, in the early stages of the October squeeze.
