12月2日，银价本周一跃升至每盎司 58 美元以上，创下历史新高。库存持续收缩、投资需求走强以及供 应端的不确定性推高了行情。周末期间，市场情绪因 CME Group 的 10 小时系统中断而进一步紧张，但 FXGT 认为 此类技术事件只是短期噪音，更核心的推动力来自全球白银结构性供需变化。 系统中断源于伊利诺伊州奥罗拉数据中心的冷却系统故障，导致金属、货币与利率期货短暂停摆。然 而，多家市场人士强调，此事件对银价的影响有限，推动行情的真正力量来自现货市场日益紧张的结 构。 Online Blockchain PLC CEO Clem Chambers 在接受媒体访问时表示，"这不是主升浪，只是热身。"他认 为未来的银价仍有显著上行空间，甚至将目标设在 95 美元。FXGT 表示，现货端的紧缩情况确实在加 深，尤其是上海期货交易所库存降至近十年来最低水平，同时伦敦市场此前因交割需求激增而一度趋 紧，来自亚洲的出口量在短期内提供了一定缓冲。 市场数据显示，12 月交割的 COMEX 白银合约出现较高的实物交割意愿，尽管公开数据仍不完整，但 分析师普遍认为交割占比"具有意义"。不过他们提醒，交割通知与注册库存的变 ...

Core Viewpoint - Silver One Resources Inc. is advancing its Candelaria project in Nevada directly to a Pre-Feasibility Study (PFS), which is a significant step towards development, while also enhancing its Phoenix Silver project in Arizona, indicating a potentially impactful year ahead in 2026 [2][4]. Candelaria Project - The Candelaria project has an in-ground mineral resource of 108.18 million ounces of silver equivalent in the Measured and Indicated categories and 29.46 million ounces in the Inferred category [3]. - The company is moving towards completing a PFS, which will provide a more detailed and robust evaluation than a Preliminary Economic Assessment (PEA) [4]. - Additional metallurgical testing is planned to optimize gold and silver recoveries, and the heap leach pad resources will be upgraded to Measured and Indicated [4][6]. - Mine planning, production scheduling, and preliminary engineering have been mostly completed, with a resource update of leach pads expected in Q1 2026 [4][7]. Phoenix Silver Project - The Phoenix Silver project is undergoing an Induced Polarization (IP) survey to define copper-silver targets, which has faced delays due to severe weather conditions [8][9]. - The IP survey aims to test two priority porphyry targets in the southern part of the property, which are near significant copper mining operations [9]. - High-grade silver exploration in the 417 area has shown anomalous silver with copper, lead, and zinc values, although extremely high-grade massive silver was not encountered [10][11]. - Ground penetrating radar (GPR) and drone magnetometer surveys are planned to better define silver targets, with potential follow-up gravity surveys if warranted [11][17]. Future Plans - The Pre-Feasibility Study for Candelaria is estimated to be completed in Q2-Q3 2026, with a Plan of Operations scheduled for H2 2026 [16]. - The IP/MT survey at Phoenix Silver is expected to be completed by the end of December 2025, with final interpretations to follow in early 2026 [17].

Core Viewpoint - Endeavour Silver Corp. has announced the pricing of its offering of unsecured convertible senior notes due 2031, aiming to raise US$300 million, potentially increasing to US$350 million if the over-allotment option is fully exercised [1][2]. Summary by Sections Offering Details - The company plans to issue US$300 million in aggregate principal amount of convertible senior notes, with a potential increase to US$350 million if the initial purchasers exercise their option [1]. - The notes will bear a cash interest rate of 0.25% per annum, with an initial conversion rate of 80.2890 common shares per US$1,000 principal amount, translating to an initial conversion price of approximately US$12.4550 per share, representing a 32.5% premium over the current market price [2]. Use of Proceeds - The net proceeds from the offering will be utilized to repay the senior secured debt facility with ING Capital LLC and Societe Generale, to advance the Pitarrilla project in Durango State, Mexico, and for general corporate purposes, including strategic opportunities [1]. Closing Conditions - The offering is expected to close around December 4, 2025, pending customary closing conditions, including approvals from the Toronto Stock Exchange and the New York Stock Exchange [3]. Company Overview - Endeavour Silver is a mid-tier silver producer operating four mines in Mexico and Peru, with a strong pipeline of exploration projects across Mexico, Chile, and the United States, focusing on organic growth and value creation [6].

We recently published 10 Small Caps With Big Double-Digit Gains. Vizsla Silver Corp. (NYSEAmerican:VZLA) is one of the top performers of last week. Vizsla climbed by 25.81 percent week-on-week, as investors took path from the higher prices of precious metals, with sentiment bolstered by renewed optimism for an interest rate cut. The stock rallied alongside its silver mining counterparts after silver prices soared on Friday, alongside other precious metals, ahead of the Federal Reserve’s last market commi ...

Key Points The shift toward efficient solar technologies is increasing the demand for silver, which is used in global green energy production. The iShares Silver Trust serves as a primary vehicle for investors to gain exposure to the metal during periods of tight global supply. A supportive Federal Reserve and new government designations for critical minerals are creating a strong foundation for higher prices. Interested in iShares Silver Trust? Here are five stocks we like better. While the financ ...

Nicola Mining Commences Receipt of Blue Lagoon Gold and Silver MillfeedDecember 01, 2025 9:00 AM EST | Source: Nicola Mining Inc.Vancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - Nicola Mining Inc. (TSXV: NIM) (OTCQB: HUSIF) (FSE: HLIA) (the "Company" or "Nicola") is pleased to announce that Blue Lagoon Resources (CSE: BLLG) ("Blue Lagoon") has commenced transporting high-grade gold and silver millfeed to Nicola's mill, located near Merritt, British Columbia. The Company had p ...

Stuhini Reports Strong Metallurgical Recoveries from Surface Mini-Bulk Sample at Silver Surprise Zone, Ruby Creek ProjectDecember 01, 2025 8:00 AM EST | Source: Stuhini Exploration Ltd.Vancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - Stuhini Exploration Ltd. (TSXV: STU) (OTCQB: STXPF) (WKN: A2PLBV) ("Stuhini" or the "Company") is pleased to announce highly favourable metallurgical test results from a 1585 pound (719 kg) surface mini-bulk sample collected in September 2025 fro ...

Group 1: Silver Price Surge - Silver prices surged over 5% to $56 per ounce, marking the strongest single-day rally in over a year, driven by tightening supplies and concerns of a global shortage [1] - Year-to-date, silver has gained 95%, on track for its best performance since 1979 [1] Group 2: Market Imbalances in China - Silver on-warrant inventories at the Shanghai Futures Exchange fell by 9,361 kilograms to 531,211 kilograms, the lowest level since 2015 [3] - China's silver exports in October reached over 660 tonnes, a new all-time high, indicating a tight market [4] - Shanghai has entered backwardation, signaling immediate physical scarcity in the silver market [5] Group 3: Monetary Policy Impact - Growing expectations of monetary policy easing have contributed to silver's rally, with a nearly 90% probability of a 25 basis-point rate cut by the Federal Reserve at its December 10 meeting [6] Group 4: Seasonal Trends and Future Outlook - Historically, silver has averaged a 2.12% gain in December, making it the third-strongest month of the year [7] - Silver closes December in positive territory 60% of the time, with the best returns occurring in 1997 and 2020, both around 17% [8] Group 5: Mining Stocks Performance - The rally in silver has reignited interest in mining equities, with the Global X Silver Miners ETF rising over 12% in just two days [9] - Notable gains among silver-focused miners include Aya Gold & Silver Inc. up 14.18%, Andean Precious Metals Corp. up 12.66%, and Discovery Silver Corp. up 12.39% [10]

Market Performance - The Dow is leading among large cap indexes with an increase of 0.66%, followed by the S&P 500 at 0.44% and Nasdaq at 0.42% [2] - Approximately 60% of U.S. stocks are rising today, indicating a positive market sentiment [3] Top Performers - Falcon's Beyond Global has surged by 15.3%, competing closely with Endeavour Silver Corp, which is up by 15.2%. Falcon's rise is attributed to recent earnings and a partnership with CD PROJEKT RED [3] - Endeavour Silver Corp's increase is linked to a 3% rise in silver prices [3] Underperformers - Jyong Biotech has dropped by 9.3%, and Arrowhead Pharmaceuticals has decreased by 8.4%, both showing significant declines without specific news driving the downturn [4] Opening Market Trends - The Russell 2000 index opened with a gain of 0.82%, leading the market, while the Nasdaq, S&P 500, and Dow also showed positive movements [5] - The 10Y Treasury yield increased by 1.3 basis points to 4.011%, indicating a slight rise in interest rates [5] - Silver futures rose by 3.69% to $55.59, while gold increased by 0.75% to $4,233. Brent Crude Oil saw a minor decline of 0.25% to $62.71 [5] Federal Reserve Leadership - Kevin Hassett is emerging as the frontrunner for the next Fed Chair, advocating for faster rate cuts to stimulate economic growth, which may challenge traditional views on Fed independence [6]

Group 1 - U.S. stocks experienced an upward trend, with the Dow Jones increasing by approximately 300 points on Friday [1] - Micron Technology, Inc. shares rose sharply by 2.5% to $235.92, driven by positive sentiment following Dell's strong third-quarter earnings and guidance [1] - Investors perceive Dell's results as indicative of broader strength in the technology sector, contributing to Micron's stock performance [1] Group 2 - DeFi Technologies Inc. shares surged by 20.5% to $1.6750 after the approval of QCAD as Canada's first compliant CAD stablecoin [3] - YD Bio Ltd saw a 13.7% increase in shares to $11.96, following the announcement of 510(k) clearance and plans for a clinical trial in Taiwan [3] - Other notable gainers included Savara Inc. (+12.3% to $6.02), TMC the metals company Inc. (+12.2% to $6.54), and ImmunityBio, Inc. (+10.7% to $2.3586) [3] - Precious metals stocks, including First Majestic Silver Corp. (+8.3% to $14.64) and Endeavour Silver Corp. (+10% to $9.47), rose amid increasing gold and silver prices [3] - Intel Corporation shares jumped by 7.8% to $39.65, reflecting positive market trends [3] - Crypto-linked stocks, such as Applied Digital Corporation, gained 6.8% to $26.61, following Bitcoin's rise above $90,000 [3]