Digging Deep

Silver Breaks $35! Next Stop $50 – Erfle

Paul Harris, Kitco Media

Is silver's technical breakout above $35 the real deal, and could it rapidly surge to $50? David Erfle from JuniorMinerJunky discusses silver's technical breakout above $35 and the potential for it to quickly reach $50, referencing its history of rapid, violent moves. In this latest episode of Digging Deep with Kitco’s Senior Mining Editor and Anchor Paul Harris, he notes that silver miners are already leading the metal higher, with ETFs like SIL and SILJ posting multi-year highs ahead of the breakout. The conversation delves into turnaround stories at Americas Gold and Silver and McEwen Mining, discussing their strategies, financing, and potential for growth. Other key topics include the landmark agreement for Taseko's New Prosperity project, the debate around royalties and streams, and a significant drill discovery by Power Metallic Mines.

Key points:
- Silver breaks above $35, technically confirmed breakout
- Silver stocks (ETFs like SIL, SILJ) led the metal higher
- Americas Gold and Silver is a turnaround under new CEO Paul Huet
- McEwen Mining targets growth 
- Taseko's New Prosperity project moves forward 

00:00 Introduction and Welcome
00:23 Silver's Breakout: Analyzing the Surge
04:10 Impact on Silver Stocks
05:51 America's Gold and Silver: A Turnaround Story
12:14 McEwen Mining's New Chapter
17:59 First Nations Agreements and Mining Projects
25:00 Exciting Drill Hits and Market Reactions
27:46 Conclusion and Sign Off

Follow Paul Harris on X: @PaulHarrisGold (https://x.com/paulharrisgold) 
Follow Kitco Mining on X: @KitcoMining (https://x.com/kitcomining) 

#mining #silver #investing 

Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

People on this episode