Silver Miners Simon S Substack My latest trades in pm’s did not include silver because i quite rightly felt that that dc was not going to be as rewarding as a gold trade, and silver is too far away from the important lvz’s. The global silver market in late 2025 is defined by a profound, strategic shift, driven by unprecedented industrial demand and the emergence of central banks acknowledging silver as a key asset.
Simon S Substack Simon Law Substack Comparing silver's daily chart with that of gold's, it seems silver's icl arrived much later than gold's (after a lt and failed dc4) and in fact coincided with gold's dcl1. I want to share some charts that are my favourites and as some subscribers are aware, i prefer silver miners over gold, as i believe they offer better leverage within the precious metals complex. There is an added risk that the rolling over in the gold miners also influences silver. bit to reiterate, silver has closed above levels where it starts to go “fizzy”, and relative to gold, there is gross undervaluation. Following on from my last gold article, i have been working on silver and gdx comparable charts, showing us possible pathways to the end of the current 8 year cycle, and the starting of the next one.
Simon Timothy Substack There is an added risk that the rolling over in the gold miners also influences silver. bit to reiterate, silver has closed above levels where it starts to go “fizzy”, and relative to gold, there is gross undervaluation. Following on from my last gold article, i have been working on silver and gdx comparable charts, showing us possible pathways to the end of the current 8 year cycle, and the starting of the next one. There is lots of fuel left for silver but it may choose not to use that fuel in the next 2 weeks as we drop into gold’s dcl. as i have said, silver should display more strength for the rest of this weekly cycle, and i believe the 4th dc could be a great long trade for silver. This will focus on mining companies that devout at least 50% towards silver mining, and my preference is biased towards businesses that derive more from silver mining. We are witnessing a massive divergence: while the metal’s price rockets, the “paper” valuation of the companies that find it is struggling to keep pace. thanks for reading simon’s substack! subscribe for free to receive new posts and support my work. Mining equities are wobbling with the broader market, but the margin structure underneath is shifting in ways the tape hasn’t fully recognized. gold and silver are leading, copper and pgms are following their own macro paths, and the spread between metal prices and operating costs is becoming the real story. below is the full breakdown.
Simon S Substack Simon Napier Bell Substack There is lots of fuel left for silver but it may choose not to use that fuel in the next 2 weeks as we drop into gold’s dcl. as i have said, silver should display more strength for the rest of this weekly cycle, and i believe the 4th dc could be a great long trade for silver. This will focus on mining companies that devout at least 50% towards silver mining, and my preference is biased towards businesses that derive more from silver mining. We are witnessing a massive divergence: while the metal’s price rockets, the “paper” valuation of the companies that find it is struggling to keep pace. thanks for reading simon’s substack! subscribe for free to receive new posts and support my work. Mining equities are wobbling with the broader market, but the margin structure underneath is shifting in ways the tape hasn’t fully recognized. gold and silver are leading, copper and pgms are following their own macro paths, and the spread between metal prices and operating costs is becoming the real story. below is the full breakdown.
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