Silver's supply shortfall should ultimately help drive its price higher. A commenter cites a projected 46.3 million-ounce deficit in 2026, the sixth consecutive annual shortfall. Supply should remain tight in coming months, though negative trading and fear of further losses are driving investors to sell for now. x.com  x.com 

Gold and silver may benefit if yields ease a little further from their local high for a while longer. The FOMC meeting and minutes could be good for both. x.com 

Domestic precious-metal miners are favored, because as gold moves into its next leg up, things will get rough in some places and some governments will get greedy. @CandidMacro adds energy supply issues at mines in Mali and probably Australia. Favorites are Coeur Mining, Hecla Mining, Endeavour Silver, Blackrock Silver and FGOVF. x.com  x.com  x.com 

Gold and silver are setting up for a metals mania, with the bottom already put in back in July. Gold shows a bullish divergence and an engulfing candle poking into a real breakout, and markets will soon see a 25bps dovish hike as no different from holding rates. Silver has an inverse head-and-shoulders attempting a fresh breakout and is about to outpace the dollar for the first time since last year; the last such rotation saw silver surge 190%. The bear case is $80/oz. x.com  x.com 

Hecla Mining is moving from build-out to free-cash-flow harvesting, giving debt-free leverage to silver. It redeemed its remaining $263 million of senior bonds, leaving it effectively debt-free. Despite lower gold and silver prices, second-quarter free cash flow more than doubled to $136 million, with record quarters at Greens Creek and Lucky Friday. Exploration expanded Keno Hill's high-grade zones and found new veins at Midas. Some analysts see about 40% undervaluation after a 20% pullback. … Show more

Silver is set up for a strong run in precious metals into the second half, because the SLV risk reversal has tilted toward puts while silver sits back at its support range, a credible setup. x.com 

Silver's above-ground buffer is rapidly vanishing amid AI demand and prolonged deficits. Vera Rubin uses over 60% more silver than Blackwell, and AI consumes silver including reclaimed supply. 2027 will be the seventh consecutive deficit year, while a new mine takes about ten years from scratch to first pour. An inflection in silver will come. x.com 

Silver miners are far behind silver and will outperform the metal as it moves up; they are the most undervalued asset on this macro view. Even with silver forecast to nearly triple in 2026, miners could do better than that, though not necessarily by year-end. Silver likely tops this year but doesn't have to, and the existing price targets stand unchanged. x.com  x.com  x.com  x.com  x.com 

Hecla Mining's real move should come in 2027 as silver demand keeps outgrowing supply. Nvidia's Vera Rubin uses 50% more silver than Blackwell, and 2027 will be the seventh straight year of silver deficit. Hecla is debt free, and its Greens Creek tailings are still not appreciated. x.com  x.com 

Gold miners have not yet priced in what record gold prices mean for the sector, and the window to get in is shrinking. Newmont beat Q1 profit estimates even though output fell, showing the gold price tailwind is covering operational shortfalls; earnings should rise further when production normalizes. The majors have pricing power they have not had in years and operating leverage is building, while most investors remain in tech. x.com  x.com