Even with the correction, the Silver Institute remains bullish moving forward, warning that despite some easing in the market, the environment remains favorable for additional squeezes.
It's a given, based on silver deliveries in 2025 -- and so far in 2026...that HSBC, Barclays, Standard Chartered, BNP Paribas, Deutsche Bank and Macquarie Futures hold by far the lion's share of the short positions of these non-U.S. banks. Canada's Bank of Montreal is a card-carrying member of this group as well.
And, like in gold, the BIS could also be actively shorting silver.
We are going to look at strong evidence that the PM sector bottom is in – we will also see why downside risk here now looks minimal and why the next major upleg looks set to begin soon...
That run into January 2026 was quite spectacular. We believe it ended as third wave up... The pattern forming suggests anywhere from $6,300 to $6,500. Silver to around $135 to $140.
A breakout occurs above $79 but we wouldn’t be looking at potential new highs until we break over $107. Silver appears to have good support down to $65. Below $62 silver is in trouble.
Gold and silver and the gold stocks seem to be caught betwixt and between...despite the ups and downs of the past two months, we are essentially going nowhere. We await breakouts.
Silver North has raised capital to fund drill rigs on the project over the next two years, and with just over a month away now from the start of 2026's drilling campaign, Jason discuses what comes next in the exciting Keno Hill District.
CEO Jason Weber noted that completion of the survey will refine 2026 drill targets, clarify fault structures hosting veins, and potentially reveal cross structures with significant silver mineralization potential.
Director Brown: "Our focus is firmly on advancing the Haldane high-grade silver project in the Keno Hill district of Yukon Territory, building on the transformative progress we achieved."
Silver was initially sharply lower again this past week reaching a low of 60.97, although after that low was made, we moved sharply higher reaching a high 74.65, closing higher at 69.78!
