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.
All this points to the potential for gold, silver, and the gold miners to begin another rise. Given recent divergences that are positive towards gold, silver and the gold miners, we could be getting closer.
