Record-High Silver

Source: Christian Science Monitor, Lori Spechler (3/24/11)

"Where do we go from here?"

Silver soaring to another multidecade high, where do we go from here? Nobody really knows, but what I do know. . .is that it won't stay here.

Why? Because there's just no financial basis for the silver price to be at $38 an ounce, and there is no real trading history on which to gauge strength and resistance.

No financial basis because the economics of mining silver put the actual cost at anywhere from $0 an ounce to $7, $8 or possibly as high as $15 an ounce. Miners should be selling here and locking in record profits, or hedging.

No trading history means we are in no-man's land. There is no real trading history to suggest where pockets of strength and resistance may lie—expect big price swings and more volatility.

One report today suggested resistance at $40—based on what? Charts from the Hunt Brothers run to $50 an ounce in 1980? Why not $50? In fact, that is more likely to be the psychological top than $40.

The analyst in the weekly metals report from Goldman Sachs says, "Given the recent market developments, we generally believe that much of the near- to medium-term cyclical upside for metals has already been priced in, while risks to current, historically high market prices have become increasingly skewed to the downside."

There are clearly factors at work here that have nothing to do with cost or physical supply or demand. Whether those factors push us higher or lower is

Gold Explorer Highlights 2020 Achievements and Outlook
Source: Streetwise Reports (01/29/2021)

Magna Gold Corp.'s CEO Arturo Bonillas issued a letter to shareholders outlining the firm's business and financial accomplishments in 2020 and its strategy and outlook for 2021.

Explorer Completes Phase 2 Metallurgical Work for Palladium-Copper Project
Source: Streetwise Reports (01/28/2021)

Generation Mining intends to wrap up the feasibility study on Marathon this quarter.

Silver Firm Reports Q4/20 Processing, Production Numbers from Mexico Project
Source: Streetwise Reports (01/28/2021)

MAG Silver's joint venture project Juanicipio produced 230,000 ounces of silver during the quarter ended Dec. 31, 2020.

Explorer Reports High-Grade Gold-Silver Intercepts at BC Golden Triangle Property
Source: Streetwise Reports (01/27/2021)

Scottie Resources Corp. advises that the target remains open in most directions.

Golden Arrow Resources Out Exploring Again After COVID-19; Hits High-Grade Gold at Tierra Dorada in Paraguay
Source: The Critical Investor for Streetwise Reports (01/27/2021)

The Critical Investor explains why he believes "investors have an interesting opportunity to invest in a pretty derisked, undervalued and experienced explorer with three chances for success."

Junior Mining Sector 'the Best Value in the Space'
Source: Streetwise Reports (01/27/2021)

The StreetSmart Live! Broadcast on Jan. 26, 2021, focused on metals and why now is a good time for investors to be looking at them and the mining space. John Newell, independent analyst and portfolio manager, and John Feneck, mining sector expert and president of Feneck Consulting, addressed the status of the current metals market. CEOs of the three metals-focused companies comprising the Metallic Group of Companies—Group Ten Metals, Metallic Minerals and Granite Creek Copper—discussed their projects.

Shenanigans Abound: Gold, Silver and Cryptocurrency
Source: Michael Ballanger for Streetwise Reports (01/26/2021)

Sector expert Michael Ballanger explores the generational trends currently shaping investment markets, including the precious metals.

MMT Survey Helps Explorer Identify New Large Target at Ecuador Property
Source: Streetwise Reports (01/26/2021)

Aurania Resources reported that data from an ongoing Mobile MT Survey identified an extensive target at Tsenken at its Lost Cities - Cutucu Project in southeastern Ecuador.