Good Morning!

I don't know when Silver is going to break $35 but we need to pay attention, because it's been holding up very well, considering Gold's peak a month ago.

Enjoy the charts and the interview!

Minaurum's Fully-Permitted, High-Grade Alamos Project Set to Expand

There are 3 criteria for silver projects.

Size (+80-100M oz), Grade (+300 g/t) and will be a mine.

Most exploration projects only have two of the three. 

Minaurum is unique because its project is already fully permitted and its drill results meet our threshold for grade. (The two most difficult criteria points). 

The Alamos project just needs to grow. 

1) Silver 160-Year Chart

This gives the bird's eye view of Silver.

This is an incredible 46-year-long base at $50/oz.  

After Silver clears $35/oz, it faces very limited resistance until $50/oz. 

Breaking past $50/oz will mark the 2nd greatest breakout in the history of capital markets. 

(Gold breaking past $44/oz in 1972 is #1).

2) Silver Bull Analog

This chart plots the 4 best and longest cyclical bull moves in Silver, on the scale of the current move which began in February 2024. 

The dotted line is an average of the 4. The circle is where we are now. 

Once Silver breaks $35, it should regain the average line. 

It is interesting how the average line accelerates in January 2026, as it breaks $50/oz.

Sponsor Companies

GoGold Resources (GGD.to, GLGDF) is currently a small Silver producer with a pipeline of two development projects. Its CEO Brad Langille owns a large position in the company and has a very strong track record.

The company is attractively priced and in position to produce 9M oz Silver-equivalent/year in a few years, with another development project that could take it to 16-17M oz Silver-equivalent.

The stock is acting very well. On December 22, 2024 we called a buy on the stock at C$1.10. It has nearly doubled. 

For more analysis of this company and many more companies, subscribe to TheDailyGold Premium.

3) Silver After Gold Moves to New All-Time High

The current move is lagging the others. 

It was running ahead or inline until March 2025. 

The other moves all accelerated after Silver made a major breakout. For the current move, that is likely $35. 

There was too much technical resistance in Silver from $26 to $35. That has played a big role in Silver's underperformance. 

4) Silver vs. Stock Market

Its nearly impossible to describe this chart and Silver's potential upside without sounding like a carnival barker.

The S&P 500 is at 6000.

If the ratio went to the 2011 peak of 25x, that puts Silver at $240/oz.

5) Junior Silver Stocks Bull Analog

This is one of my favorite charts I have ever produced. 

This is a book chart but updated and better. 

There is some survivorship bias, so duplicating 2001-2007 would be very difficult, except in hindsight. 

Index is currently at 300. 

The 2004-2007 move peaked at 1700. 

What happens when Silver surpasses $35? And then $50?

In TheDailyGold Premium....

TDG #936 was published Sunday.

The update included a report on what is our second largest position and had been the largest for a while.

Last summer we wrote about how this was a high-quality, must-own company and there was a path to the stock being a 10-bagger.

Because of the strong move in the share price, it's no longer a 10-bagger but could have 4x to 5x upside over the next 3 years.

By the way, this calculation assumes only a minimal increase in margins. At current margins, it could do 3x-4x.  

Buy, hold and trim. And buy the right companies.  

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right now?

Thank you for reading.

I wish you all the best in 2025 and beyond.