Core Viewpoint - There is a significant disconnect between the rising price of silver and the performance of silver mining stocks, with the latter underperforming despite a strong rally in silver prices [1][2][5]. Group 1: Silver Price Performance - Silver prices surged by 35% in December, reaching over $76 per ounce, marking the strongest monthly rally since the late 1970s and a year-to-date increase of 154.57% [2][5][6]. - On Tuesday, silver prices increased by over 6% to $76 per ounce, but saw a slight decline of 1.44% to $75.13 per ounce on Wednesday morning [6]. Group 2: Silver Mining Stocks Performance - The Global X Silver Miners ETF (NYSE:SIL) only increased by 11% in December, significantly lagging behind the silver price surge [2][5]. - Notable silver mining stocks have shown underwhelming performance, with year-to-date increases ranging from 89.60% to 444.90%, but month-to-date performances remain low, with most stocks below 15% [5][6]. - The Global X Silver Miners ETF closed at $85.51, up 1.38% on Tuesday, but still reflects a lack of momentum compared to silver prices [7]. Group 3: Investment Opportunities - The disparity between silver prices and mining stocks presents an attractive investment opportunity, as silver stocks are considered to be undervalued following a 14% correction in silver prices [4][5]. - Schiff argues that silver mining stocks should have doubled in value given the recent surge in silver prices, indicating potential for significant upside [2][3].

Core Viewpoint - Prince Silver Corp. is expanding its drilling program at the Prince Silver Mine Project due to positive results from ongoing reverse circulation drilling, indicating favorable mineralization and potential for open-pit mining [1][2][4]. Drilling Program - The company has increased its planned drilling from 21,000 feet (~6,400 meters) to over 30,000 feet (~9,100 meters) and will add a second drill rig to accelerate the drilling process [1]. - Current drilling focuses on evaluating near-surface carbonate replacement silver-gold-manganese and base-metal mineralization, as well as sediment-hosted gold-silver zones within a 3,500-foot (~1,070-meter) structural corridor [2]. Assay Results - The first batch of assay results for the ten completed drill holes is expected in January 2026, which will provide insights into the scale and continuity of mineralization [3]. Exploration Target - Historical drilling identified an exploration target of approximately 25-43 million tonnes with grades of 1.44-1.57% Zn, 0.78-0.87% Pb, 0.28-0.40 g/t Au, 37-40 g/t Ag, and 3.62-4.30% Mn [5]. - The exploration target is based on 129 historic drill holes and is conceptual in nature, not yet defined as a mineral resource under National Instrument 43-101 [7]. Annual General Meeting - Prince Silver Corp. held its annual general meeting on December 23, 2025, where shareholders approved all matters presented, including the election of directors and the re-appointment of the auditor [8][9]. Company Overview - Prince Silver Corp. is focused on advancing its flagship Prince Silver Project in Nevada, which features a near-surface deposit that remains open in all directions [10].

Core Insights - Silver has experienced a remarkable rally of 152% year-to-date, marking its strongest annual performance since 1978, significantly outperforming gold, which is up 66.22% [1] - Both silver and gold reached record highs recently, with silver surpassing $82 per ounce before a subsequent decline of 14% [1] Market Drivers - Silver's rally is driven by its unique position as both a precious metal and an industrial commodity, with strong demand from sectors like solar panels, electric vehicles (EVs), and advanced electronics [2][5] - The initial surge was influenced by economic policies and trade tensions, particularly those initiated by President Donald Trump, alongside a supply crunch due to increasing industrial demand [2] Supply Dynamics - The global silver market is projected to face its seventh consecutive year of deficit by 2025, with a cumulative shortfall of nearly 800 million ounces since 2021, as mine output continues to decline [4] - The available inventory of freely traded silver has significantly decreased, making the market more sensitive to demand fluctuations, which could lead to substantial price increases with even minor demand upticks [4] Market Conditions - Silver has seen its best monthly performance since the late 1970s, gaining 33.16% since early December, attributed to tightening physical supplies and low inventories [6] - The market has entered a state of "backwardation," where spot prices exceed futures prices, indicating acute physical shortages [6][7] Future Outlook - Analysts predict that silver prices could test the $85–$100 per ounce range as structural deficits widen [8] - Investors are encouraged to consider exposure to silver through options like the iShares Silver Trust, which holds physical silver [9] Investment Opportunities - The surge in silver prices has not yet been fully reflected in the valuations of leading producers and junior miners, presenting potential investment opportunities [10] - Notable performers in the silver mining sector include: - Wheaton Precious Metals Corp. (+102.14% YTD) - Americas Gold And Silver Corp. (+452.04% YTD) - Coeur Mining Inc. (+195.32% YTD) - iShares MSCI Global Silver and Metals Miners ETF (+181.46% YTD) [10]

Market Performance - US stocks experienced a decline at the start of the final trading days of 2025, with the Nasdaq Composite falling 0.5%, and both the Dow Jones Industrial Average and S&P 500 dipping 0.5% and 0.3% respectively [1][2] - Despite the recent drop, all three major indexes are projected to end 2025 with significant gains, with the S&P 500 up over 17%, the Dow climbing over 14%, and the Nasdaq leading with an increase of over 21% [3] Precious Metals - The precious metals market saw increased volatility, with silver prices plummeting as much as 7% after previously rising above $80, while gold futures fell over 3% [2] Economic Indicators - A positive economic indicator emerged as pending home sales in November saw the largest increase since early 2023, suggesting a build-up of homebuyer momentum [4] - The upcoming release of the Federal Reserve's meeting minutes is anticipated to provide insights into the central bank's future actions, with a majority of traders expecting the Fed to maintain current interest rates in January [5]

Core Viewpoint - The article emphasizes that the company is positioned as the best silver investment opportunity in British Columbia, highlighting its potential for growth and profitability in the silver market [1] Group 1: Company Overview - The company is focused on silver mining and is strategically located in British Columbia, which is known for its rich mineral resources [1] - It has a strong operational framework and is leveraging advanced mining technologies to enhance production efficiency [1] Group 2: Market Potential - The silver market is experiencing increased demand due to its applications in various industries, including electronics and renewable energy [1] - The company aims to capitalize on the rising silver prices, which have shown significant upward trends in recent months [1] Group 3: Financial Performance - The company has reported substantial revenue growth, with a notable increase in silver production year-over-year [1] - Financial metrics indicate a strong balance sheet, positioning the company well for future investments and expansions [1]

Group 1: Silver Market Insights - Silver has experienced a significant price increase, moving from $65 to $82.67, with a year-to-date rise of over 160% [13] - China is set to restrict the export of refined silver starting January 1, which may impact global supply dynamics [13] - The sentiment around silver is currently not in the extreme zone, unlike in 2011, indicating potential for further price movements [13] Group 2: Investment Strategies - Investors are advised to consider holding long-term positions while also implementing protection strategies, such as cash or Treasury bills [11][12] - A protection band strategy is suggested, where conservative investors may opt for a higher cash allocation, while aggressive investors may choose a lower cash level [12][14] - The traditional 60/40 portfolio strategy may need adjustment, focusing on high-quality bonds and shorter-duration bonds [16] Group 3: Market Trends and Money Flows - Negative money flows have been observed in major stocks, including Apple, Amazon, and Tesla, as well as in ETFs like SPY and QQQ [7][8] - The popularity of silver among investors has surged, with a notable shift of some bitcoin holders selling their bitcoin to invest in silver [10]

Group 1 - First Majestic Silver Corp (NYSE:AG) stock has decreased by 4.9%, trading at $16.56, as the silver market experiences a pullback after reaching record highs [1] - Silver prices surged above $80 but have since dropped by 7% due to profit-taking activities [1] - The company has achieved a 203.8% gain for 2025, marking it as one of the top performers on the New York Stock Exchange this year [2] Group 2 - The stock is retreating from its four-year high of $17.91 reached on December 22, but a new support level seems to be forming at $16 [2] - The 20-day moving average is expected to help contain the current losses [2] - There is a notable increase in options trading, with 5,364 puts exchanged, which is double the usual volume for this time [3]

Core Viewpoint - Honey Badger Silver Inc. is planning a non-brokered private placement financing of $1.5 million through the issuance of up to 6,521,739 units at a price of $0.18 per unit, subject to regulatory approval [1][4]. Financing Details - Each unit will consist of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire an additional common share at an exercise price of $0.23 for 36 months [2]. - The offering is expected to close on or about January 16, 2026, and is subject to the approval of the TSX Venture Exchange [1][4]. Executive Participation - Chad Williams, the Executive Chairman, intends to participate in the offering for up to $1 million of units, pending regulatory approvals [3]. Use of Proceeds - The net proceeds from the offering will be used to advance the company's silver projects and for general working capital [3]. Related Party Transaction - The subscription by Chad Williams constitutes a "related party transaction" under Multilateral Instrument 61-101, but the company is exempt from obtaining a formal valuation or minority shareholder approval as the transaction does not exceed 25% of the company's market capitalization [5]. Stock Options - The company plans to grant an aggregate of 2 million stock options at an exercise price of $0.21 per common share, subject to regulatory approval [6]. Company Overview - Honey Badger Silver is focused on silver mining, with projects in historically rich mining areas, including the Sunrise Lake project with a historic resource of 12.8 million ounces of silver and the Clear Lake project with an unclassified historic resource of 5.5 million ounces of silver [8][9][10].

Core Viewpoint - Apollo Silver Corp. has increased its non-brokered private placement by an additional $2,500,000, bringing total gross proceeds to up to $27,500,000 through the issuance of up to 5,500,000 units at a price of $5.00 per unit [1][2] Group 1: Upsized Offering Details - The Upsized Offering will be primarily subscribed by insiders, including major shareholders Eric Sprott and the Jupiter Fund, each participating with 2,500,000 units for a combined total of $25,000,000 [2] - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the purchase of one share at an exercise price of $7.00 for 24 months from the closing date [3] - The net proceeds from the Upsized Offering will be used for exploration and development activities, as well as general working capital and corporate purposes [4] Group 2: Regulatory and Compliance Information - The closing of the Upsized Offering is subject to regulatory approval from the TSX Venture Exchange [5] - The participation of insiders constitutes a "related party transaction" under Multilateral Instrument 61-101, exempting it from certain valuation and minority shareholder approval requirements [6] Group 3: Company Overview - Apollo Silver is advancing one of the largest undeveloped primary silver projects in the US, the Calico project, which has significant barite credits essential for the US energy and medical sectors [8] - The company also holds an option on the Cinco de Mayo Project in Mexico, which features a major high-grade carbonate replacement deposit [8]

Group 1: Company Performance - Vizsla Silver Corp. (NYSEAmerican:VZLA) was one of the best performers last week, with a week-on-week increase of 10.24% as investors favored mining firms following a surge in silver prices [1] - The company is expected to benefit from lower interest rates, which have been cut three times this year by the Federal Reserve, with expectations for two more cuts in upcoming meetings [3] Group 2: Market Conditions - On a single day, spot prices of silver rose by 10.30% to reach a new high of $79.27, driven by a shift of investor funds towards safer assets [2] - The anticipated interest rate cuts are expected to weaken the US dollar, making silver and gold more affordable for foreign investors [3] Group 3: Acquisition News - Vizsla Silver Corp. announced plans to acquire a 2,378-hectare land with mineralization potential from Minera Fresnillo SA de CV, which is a subsidiary of Fresnillo PLC [4] - The acquisition will be financed through a combination of $2 million in cash and the issuance of $4 million worth of shares [5]