Bullion Blog

Precious metals have soared to unprecedented heights lately. China’s January 1, 2026, mandate requiring silver export permits, given their 70% global processing share, could detonate a financial grenade akin to their REE chokehold. Something’s exploding behind the scenes. On December 31, the Fed pumped about US$75 billion into repos and US$106 billion into reverse repos, […]

Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) released results from four additional reverse circulation holes drilled down dip of the Saddle Resource in the Tomasina target, located about 1 kilometer west of Gravel Creek at the company’s wholly owned Aura gold-silver project in Nevada. “The 2025 drilling expands the known epithermal alteration zone an additional kilometer west

Gold surged nearly 3% on Monday amid rising geopolitical tensions following the U.S. capture of Venezuelan President Nicolás Maduro, as reported by Mining.com on January 5. Spot gold hit a one-week high of US$4,455.42 per ounce, nearly US$100 below its record high set late in 2025. U.S. gold futures climbed to as much as US$4,480

Gold climbed nearly 3% on Monday due to heightened geopolitical tensions following the U.S. capture of Venezuelan President Nicolás Maduro, according to a January 5 report by Mining.com. Spot gold reached a one-week high of US$4,455.42 per ounce, just about US$100 short of its record high set late in 2025. U.S. gold futures soared to

<p>Central bank gold buying picked up in September and gained momentum in October. That momentum carried into November with gold reserves continuing to climb.</p> <p>Officially, central banks globally added 45 tonnes of gold to their reserves in November. That was down slightly from 53 tonnes the previous month but elevated compared to earlier in 2025.</p>

<p>In yet another sign of growing <a href="https://www.moneymetals.com/news/2025/03/11/de-dollarization-gold-and-a-shift-to-a-multipolar-world-003898&quot;>global de-dollarization</a>, Chinese mining companies in Zambia are now paying royalties and taxes in yuan.</p> <p>As <em>Bloomberg</em> put it, this is the &ldquo;<em>latest sign of the growing acceptance of the currency on the [African] continent.</em>&rdquo;</p> <p>Zambia ranks as Africa&rsquo;s second-largest copper producer.</p> <div x-data=" item_id: undefined, view: null

As we step into 2026, the silver market is capturing global attention like never before. After surging more than 150 percent in 2025, prices are hovering around USD 73 per ounce in early January. What investors are now witnessing is not a typical cyclical rally, but what increasingly resembles a fundamental repricing of silver as

Vanguard Mining Corp. (UUU:CSE; UUFF:OTC; SL51:FWB) announced it had entered into an assignment and waiver agreement dated December 30, 2025, with Homegold Resources Ltd. and Stamper Oil & Gas Corp. (STMP.V)Under the terms of the agreement, Stamper assigned its interest in an existing option agreement with Homegold to Vanguard, enabling Vanguard to acquire the remaining

Altius Minerals Corp. (ALS:TSX)has agreed to buy Lithium Royalty Corp. for C$520 million in cash and shares at a 30% premium. This is the first significant acquisition from Altius since they sold most of their Arthur Royalty, which gave them cash for acquisitions. The purchase represents almost 30% of Altius’ current valuation. LRC shareholders can

Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB)(CA$0.45/US$0.329) is exploring and developing two highly-prospective assets in Chile, with Buen Retiro taking centre stage as its flagship asset. It is seen as a large, underexplored, iron-oxide-copper-gold (“IOCG”) deposit that carries the potential to be on a scale similar to the Candelaria Mine 40 to the NW owned by the Lundin

Streamex Corp. (STEX:NASDAQ) hosted a corporate update webinar on December 16, 2025. The event reviewed the company’s 2025 milestones and provided an overview of its strategic roadmap for 2026, including updates on the GLDY token launch. During the presentation, Co-Founder and CEO Henry McPhie and Co-Founder and Chairman Morgan Lekstrom stated, “With the launch of

<p>Three pro-gold and silver groups have teamed up to present the inaugural<span>&nbsp;</span><a href="https://www.moneymetals.com/uploads/content/SoundMoneyReview-2026.pdf&quot; target="_blank" rel="noopener noreferrer"><em>Sound Money Review</em></a>, a new, one-of-a-kind collection of writings dedicated solely to immortalizing and advancing principles of sound money.</p> <p>The<span>&nbsp;</span><em>Review,</em><span>&nbsp;</span>presented by<span>&nbsp;</span>Money Metals Exchange, <a href="https://www.kitco.com/news/tag/sound-money-defense-league&quot; rel="noopener noreferrer" target="_blank">Sound Money Defense League</a>, and<span>&nbsp;</span><a href="https://soundmoneyfoundation.org/&quot; rel="noreferrer noopener">Sound Money Foundation</a>,<span>&nbsp;</span>aims to curate and

<p>Money Metals' well-stocked silver inventory situation is attracting new attention at a time when intense retail demand has wiped out many other precious metals dealers' inventories.</p> <p>Commenters all over social media have been chirping about the fact that major online dealers (other than Money Metals) are completely sold out of common silver products — or

<p>We&rsquo;ve seen some sharp price swings in the gold market over the last couple of months. Should this diminish gold&rsquo;s investment appeal?</p> <p>Volatility has increased without a doubt, but it&rsquo;s important to put it into context. Based on analysis by the World Gold Council, we find that gold&rsquo;s volatility is up from a low base

<p>Repo operations at the Fed on the last day of 2025 signal growing stress in the financial system, similar to the setup we saw in 2019.</p> <p>Banks and other financial institutions borrowed $74.6 billion from the New York Fed&rsquo;s Standing Overnight Repurchase (repo) Facility on the final day of 2025. The last time we saw

I’ve followed silver for decades, and one thing I’ve learned the hard way is this: the biggest moves never feel comfortable when they start. They usually look obvious only in hindsight. Right now, silver is doing something rare. The fundamentals and the long-term chart are finally telling the same story. Let’s start with supply and

This chart tells a story most investors rarely look at, yet it has shaped returns for decades. What you’re seeing is the long-term ratio between the S&P 500 and gold. When the line rises, stocks are outperforming gold. When it falls, gold is winning. Simple concept, but powerful when viewed over long periods instead of

McEwen Inc. (MUX:TSX; MUX:NYSE), a cornerstone investor in Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE) has increased its exposure to the company through the exercise of warrants by its founder, Rob McEwen. The transaction generated proceeds of US$1,214,285 for Goliath and raised McEwen’s direct holdings to 4,445,142 common shares, representing 2.6% of Goliath’s issued and outstanding

Stillwater Critical Minerals Corp. (PGE:TSX.V; PGEZF:OTCQB; J0G:FSE) announced on December 30 that it had closed a bought deal private placement for gross proceeds of CA$17,000,220, including the full exercise of the underwriters’ overallotment option. The financing involved the issuance of 36,957,000 units priced at CA$0.46 per unit. Each unit consisted of one common share and

View Important Disclosures for this Article Close Important Disclosures: As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of McEwen Inc. Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent

In a year-end email to shareholders, Dolly Varden Silver Corp. (DV:TSX.V; DVS:NYSEA; DVQ:FSE) President and Chief Executive Officer Shawn Khunkhun reflected on what he described as a “defining year” for the company, which transformed it “financially, operationally, and strategically.” Earlier last month, the company announced entering into an arrangement agreement with Contango ORE Inc (CTGO:NYSEA)

In a year-end email to shareholders, Dolly Varden Silver Corp. (DV:TSX.V; DVS:NYSEA; DVQ:FSE) President and Chief Executive Officer Shawn Khunkhun looked back on what he called a “defining year” for the company that transformed it “financially, operationally, and strategically.” Earlier this month, the company announced entering into an arrangement agreement with Contango ORE Inc (CTGO:NYSEA)

As the new year begins, silver is in the spotlight, and there are some questions of importance: What’s the difference between this market and that of the 1970s? Can the current futures market margin hikes create a fiat money rally and silver price crash? Can the U.S. central banks raise rates to the 20% area

I added Green Bridge Metals Corp. (GRBM:CSE; GBMC:OTCQB) to the portfolio in late 2025 after meeting CEO David Suda via a ZOOM call during which time he walked me through his Serpentine Project located in the Duluth Mining District in northeastern Minnesota. I know this area well, as back in 2007, I was part of a

We are experiencing extreme demand for physical precious metals at BullionStar. Each day the market is open is breaking new records both in terms of sales revenue and number of orders. Bullion Center Despite serving up to nine customers concurrently, the record demand has resulted in extreme queuing times. On several days last week, hundreds

<p>Silver is starting to attract high levels of retail demand from U.S. investors &ndash; most of whom very recently caught on to the compelling silver investment thesis.</p> <p>Five years of production deficits combined with an expanding array of demand sources has finally started to matter, with silver just recently breaking out of the below-$50 price

<p>Happy New Year and welcome to this week&rsquo;s market wrap podcast, I&rsquo;m Mike Gleason.</p> <p>Coming up don&rsquo;t miss a replay of one of our very best interviews this year, a recent one with Jorge Jraissati, President of the Economic Inclusion Group. Jorge joined Mike Maharrey in an explosive, enlightening and somewhat troubling discussion on the

<p>What were the biggest precious metals stories of 2025?</p> <p>There were plenty to choose from.</p> <p>The biggest story is the impressive yearly gain for all the precious metals.</p> <ul> <li><strong>Gold up over 64 percent</strong></li> <li><strong>Silver up just under 148 percent</strong></li> <li><strong>Platinum gained 125.9 percent</strong></li> <li><strong>Palladium up just over 80 percent</strong></li> </ul> <p>So, which stories that

<p><strong>(OLYMPIA, WASHINGTON &ndash; January 1, 2026) &ndash;</strong> Washington state will begin penalizing citizens for protecting their savings in precious metals, imposing a sales tax on all new purchases effective January 1.</p> <p>While a number of states have ended state sales taxes on gold and silver purchases in recent years, Washington politicians decided to lash out

Scorpio Gold Corp. (SGN:TSX.V) announced further assay results from its ongoing 2025 drilling program at the Manhattan District Project in Nevada. The latest results, covering seven diamond drill holes from the second phase of drilling (25MN-027 through 25MN-033), build on the company’s previously reported activity and include intervals located both within and outside the inferred

Irving Resources Inc. (IRV:CSE; IRVRF:OTCQX) announced new assay results from its ongoing exploration at the Yamagano gold project in Kyushu, Japan, and outlined proposed activities for 2026. The project is held through a joint venture with Newmont Corp. (NEM:NYSE; NGT:TSX; NEM:ASX) (60%), Sumitomo Corp. (8053:TKY;  SSUMF:OTCPK) (12.5%), and Irving (27.5%). The company reported results from

A very Happy New Year to you. Today, New Year’s Eve, is the final day of the tax year in Canada and North America, so it is the final day of the selling pressure created by tax-loss selling. To us opportunists, that means it’s likely the last chance to get positioned at tax-loss driven, rock

After quietly building momentum through disciplined exploration and strategic partnerships, Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB) has broken out technically and fundamentally. The company has steadily advanced its flagship Haldane Silver Project in the Yukon’s Keno Hill District while confirming a CRD system at Tim and uncovering a high-grade lead-silver target at Veronica. The stock,

In the wake of establishing unprecedented peak prices for gold, silver, platinum, and palladium last Friday, these precious metals have commenced a much-needed correction. I wanted to provide our readers with a brief update on White Gold (WGO-V), one of my top Canadian picks. Despite the metals reaching new heights, the Daily Sentiment Indicator (DSI)

Irving Resources Inc. (IRV:CSE; IRVRF:OTCQX) has shared updated drill results from the Yamagano gold project in Kyushu, Japan, along with its exploration plans for 2026. The initiative is part of a joint venture with Newmont Corp. (NEM:NYSE; NGT:TSX; NEM:ASX) (60%), Sumitomo Corp. (8053:TKY; SSUMF:OTCPK) (12.5%), and Irving (27.5%). Drill hole 25SY-002A was completed to a

<p>Why did gold and silver sell off on Monday?</p> <p>If I&rsquo;ve been asked that question once, I&rsquo;ve been asked 50 times.</p> <p>The more relevant question is why gold and silver have been surging for two years.</p> <p>However, I do understand why people are asking about the selloff. It was significant.</p> <p>On Friday, <a href="https://www.moneymetals.com/news/2025/12/29/silver-squeeze-20-drives-price-over-80-004576&quot;>silver surged

<p>To hear mainstream financial news organizations and analysts tell it, gold and silver have been flying because of:</p> <ul> <li>The decline of the U.S. dollar.</li> <li>International disorder sparked by the war between Russia and Ukraine, or the West's war against Russia through its Ukrainian proxy.</li> <li>The seizure by the U.S. government and Western European governments

<p>Silver took the gold medal in 2025, more than doubling its price.</p> <p>So, what drove silver to over $80 an ounce last week? In this episode of the Midweek Memo podcast, host Mike Maharrey takes a deep dive into the dynamics of the silver market, explaining that while there are many factors at play, one

<p>It&rsquo;s New Year&rsquo;s Eve! Have you made your 2026 resolutions yet?</p> <p>I have.</p> <p>It&rsquo;s the same resolutions I made last year. I&rsquo;m not making any resolutions.</p> <p>This strategy has worked well for me over the years. By refusing to make resolutions, I have avoided the self-flagellation that occurs when I inevitably break those promises to

Orogen Royalties Inc. (OGN:TSXV; OGNNF:OTC) reported positive exploration results from First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE) at its Ermitaño mine, on which Orogen holds a 2% royalty, its only cash-flowing royalty at present. The Navidad area reported some strong drill holes, and the mineralization is now over 1,200 meters on strike and 400 meters

Cerro de Pasco Resources Inc. (CDPR:TSXC; GPPRF:OTCQB; N8HP:FSE) formalized a surface use agreement with the Community of Quiulacocha on December 11, marking a key advancement for the company’s tailings reprocessing initiatives at its flagship Quiulacocha project in Peru. The agreement, approved by the community assembly and notarized publicly, provides a defined framework for Cerro de

<p>Uruguay is the latest country hoping to ditch the U.S. dollar.</p> <p>That won&rsquo;t be an easy task, given that Uruguay ranks as the most dollarized Latin American nation. However, the fact that the government is even trying to limit dollar dependence reflects a <a href="https://www.moneymetals.com/news/2025/03/11/de-dollarization-gold-and-a-shift-to-a-multipolar-world-003898&quot; rel="noreferrer">growing de-dollarization</a> trend that threatens the primacy of the greenback.</p>

<p><a href="https://www.moneymetals.com/silver-price&quot; rel="noreferrer">Silver surged above $80 an ounce</a> on Friday, capping a meteoric rally that drove the metal&rsquo;s price up 176 percent over the year.</p> <p>What is driving silver higher at such an unprecedented rate?</p> <p>There are several factors.</p> <ul> <li><strong>Dollar weakness</strong></li> <li><strong>Inflation</strong></li> <li><strong><a href="https://www.moneymetals.com/news/2025/12/15/silver-industrial-demand-expected-to-grow-despite-higher-prices-004551&quot;>Resilient industrial demand</a></strong></li> <li><strong>Growing investor interest as the price rises</strong></li> <li><strong>Momentum

<p>With copper at last joining the party as recently as last Friday we are now in a full-on pan-metals bull market &ndash; in other words major metals are advancing in unison.</p> <p>The reason for this is not hard to see with the Fed and other Central Banks preparing to do another round of full-on QE

<p>We're pleased to give you access to your complimentary Winter 2026 issue of <a href="https://www.moneymetals.com/uploads/content/MoneyMetalsInsider_Winter2026.pdf&quot;><i>Money Metals Insider</i></a>…</p> <p><img class="mx-auto md:float-right p-3 rounded-md" src="https://www.moneymetals.com/uploads/content/MMI-Winter2026-download.jpg&quot; alt="Free Download – Money Metals Insider Newsletter (Winter 2026)" width="400" height="481" loading="lazy" /></p> <p>It's packed with actionable information about the markets and special offerings from Money Metals, the top-rated precious metals dealer

<p><span style="font-weight: 400;">In a recent episode of the Money Metals podcast, host Mike Maharrey sits down with </span><a href="https://share.google/3o50GUo77NWMySeKG&quot; rel="noopener noreferrer" target="_blank"><span style="font-weight: 400;">Money Metals CEO Stefan Gleason</span></a><span style="font-weight: 400;"> and Sound Money Defense League </span><a href="https://www.moneymetals.com/authors/jp-cortez&quot; rel="noreferrer"><span style="font-weight: 400;">Executive Director Jp Cortez</span></a><span style="font-weight: 400;"> to look back on 2025&rsquo;s explosive precious-metals market and the

Green Bridge Metals Corp. (GRBM:CSE; GBMC:OTCQB) is a junior exploration company focused on building a portfolio of North American critical mineral assets tied to copper, nickel, titanium, and vanadium. These are metals that sit at the center of electrification, infrastructure renewal, and defense supply chain priorities in both the United States and Canada. The company

With platinum currently experiencing a bull market, analysts believe the metal’s price trajectory has considerable room to climb, driven by persistent supply-demand imbalances. The consensus points toward continued appreciation through at least 2026, with some projections extending even further. “Platinum is emerging as a compelling long-term investment,” wrote Jana Kane, editor-in-chief of the LiteFinance trading

<p>Silver's extraordinary "rerate" to much higher price levels continued apace over the Christmas holiday, adding another $2.80 and trading this morning over $75 per ounce.</p> <p>That's a rally of more than 100% since June, with silver's multi-decade $50 high left in the dust!</p> <div x-data=" item_id: 267, view: null " x-html="view || 'Product-267'" x-init="view =

<p>America&rsquo;s on the edge of a debt crisis.</p> <p>Will the dollar save us? Or will the mighty dollar make it worse.</p> <p>Last week, the Wall Street Journal warned &ldquo;All that stands between the US and debt-market freakout&rdquo; is the dollar&rsquo;s reserve currency status. Adding — darkly — that reserve status is not the &ldquo;unbreakable shield&rdquo;