Gold and silver remain in strong uptrends despite last week’s sharp pullback. Gold is still up ~50% YTD, silver over 60%, and miners (GDX, GDXJ, SIL, SILJ) continue to surge. 

Craig Hemke, founder and editor of TF Metals Report, joins us to explain why last week’s volatility was typical bull-market action – not the end of the move.

Key Topics

– Options expiry shakeout: Expiring calls triggered forced selling and sharp, short-term pressure.

– Silver above $50: After decades, silver’s sustained breakout signals a new phase; holding that level could ignite more CTA and fund buying.

– Backwardation insight: Spot silver trading above futures reflects institutional supply tightness in London, not a retail shortage.

– Miners’ earnings torque: With record prices and lower costs, producers and developers remain undervalued heading into Q3 results.

– Investor roadmap: Expect a brief consolidation after earnings before the next leg higher.

Visit Craig’s website – TF Metals Report: https://www.tfmetalsreport.com/

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