Dave Erfle – Silver Stocks Surge As Breakout Gains Momentum, But Are Silver Stock Lagging Again?
Dave Erfle, founder and editor of Junior Miner Junky, joins us for a timely update on the silver sector, following a major technical breakout in silver above the long-standing $35 resistance level.
Silver is now trading above $36, yet many silver stocks are still lagging, presenting both a potential opportunity and a challenge for investor sentiment. In this interview, we break down the signals from the market and silver equities.
Key themes discussed:
- Why silver’s breakout wasn’t a surprise to seasoned silver stock investors
- Volume and price action in SIL and SILJ – and what it suggests
- Why many silver stocks are still undervalued, even after the breakout
- The importance of a disciplined selling strategy in bull markets
- Where Dave sees the most value: advanced-stage juniors with de-risked projects and upcoming PEA catalysts
We also revisit past silver runs, including the 2020-2021 silver squeeze, and compare current valuations. Dave shares what indicators he’s watching next, including inflation data, the U.S. dollar, and how much FOMO sidelined investors can handle before jumping back in.
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter.
ISS EVA has also put out a SELL on First Majestic(AG) along with its recent SELL on Impact Silver(IPT). How would you explain this? Or are these two companies just poor choices for silver exposure?
How about a link to that “analysis”? I trust my own BUY rating but I’m happy to look at their arguments.
Gold is working on its third straight monthly close above an important Fibonacci fan resistance (turned support) that, if successful, will likely deliver another significant move higher despite the extremely overbought monthly RSI reading. That Fib fan level stopped gold in 2016 and in 2020.
https://schrts.co/CemIrfny
MSFT:GLD is still stuck at the resistance that it reached 5 weeks ago.
https://schrts.co/ntQagWIh
Gold:Dow has built a decade long base from which to launch and that launch is coming soon!
https://schrts.co/DIvWVzsI
Silver is up about 10% vs gold in the last 7 or 8 sessions.
https://schrts.co/YeiCPdJM
oops…………. Platinum up….. $1273…..plus $53….. looking good…. 🙂
Did I miss something regarding Brixton Matthew…over 4M traded and up 75%
I think it’s just cheap for what’s now perfectly set up in the markets.
Check out that volume:
https://schrts.co/fSPcDTfu
Weekly
https://schrts.co/YxuYtfAM
Yeah for Brixton! My patience finally paid off a bit.
Silver:Copper just had its best close since early December.
https://schrts.co/SdYGwipC
Silver is in its own true bull market which could account for slightly less leverage to silver coming from the silver miners. I call it a “true” bull market because it is exhibiting the behavior we should expect of a bull market. Too many like to call any uptrend a bull market despite the absence of telltale bull market action. A good example is gold. It bottomed in 2016 but didn’t exhibit what I would call true bull market behavior until after it bottomed in mid 2018. And even that low didn’t result in a runaway move or even “take it to the bank” recognition that a bull market was indeed underway. That didn’t come until 2024, and now, in Q2 2025, we are looking at another critical juncture that will likely result in a further speeding-up of gold’s ascent (which is humorous since so many are nervously anticipating a big drop from here or even a permanent end to gold’s uptrend).
Here we have SLV looking very good versus GDX on the daily chart. Notice that today’s high for SLV:GDX was higher than last month’s high and today’s close was higher than last month’s high close. So we have a rather stealthy activation of a big double bottom. What happens next will be telling. The most bullish path from here would be an immediate strong move up without regard for those two big price gaps of the last few days. Aside from the obvious, I like the chart because we can be confident that very few are looking SLV:GDX at all.
https://schrts.co/xDNsHjQA