Brian Wilkes

In Part 3 of my rankings, some familiar silver miners landed lower than you might expect including AG, HL, CDE, PAAS and HYMC, Why are some smaller companies ranked ahead of these established names? Valuation, potential upside, and timing of production.

I doubt it. I think it's on the rebound now. That support held.

With Democrats now in control of both the House and Senate, gold jumped approximately 3% to $4,060, the dollar fell to a one-month low, and Treasury yields declined, as of this post. Silver also is up approximately 4.75% to $52.11 Investors are reassessing expectations for federal spending, economic growth, and future interest-rate increases. The combination of a weaker dollar and falling Treasury yields is encouraging for precious metals, although the longer-term market implications of the election remain uncertain.

An emerging materials technology with potential applications across automotive, aerospace, construction, electronics, and manufacturing.

Silver production from the company's own mines increased 30% year over year, while the recovery at Bolivar and new processing capacity provide additional opportunities for growth.

Normally I would not post this until after Q3 earnings, but given the heavy discounts on miners, and it being what I view, a top 3 Silver miner and perhaps the producer with the highest upside, I thought I'd post a preliminary version.

Energy Costs Surge Ahead of Tuesday's Midterm Elections - Household spending on electricity and gasoline increased 13%–17% across eight battleground states during the first seven months of 2026, according to an analysis of government data. That translates to approximately $42–$62 more per month, depending on the state. Higher fuel prices, grid investments, and growing electricity demand from data centers are contributing to the pressure. Regardless of Tuesday's election outcome, household affordability remains a substantial economic challenge.

Typically I would not post this until after Q3 earnings, but given the heavy discounts on miners, and it being very high quality, I thought I'd post a preliminary version. Equinox: A Transformed North American Producer With Ambitious Growth Plans

Talisker Resources reports 79.23 g/t gold over 2.10 metres at Bralorne, including 301.88 g/t over 0.55 metres. The results come from resource-conversion drilling at its producing Mustang Mine in British Columbia, potentially supporting future mine planning.

An ambitious gold project, significant upside potential, and some important questions for investors. Is Osisko Gold Group an overlooked opportunity—or does the risk justify the discount?

Nasdaq Suffers Its Worst Day Since June. The Nasdaq plunged 2.86% Friday as concerns about AI infrastructure spending intensified. Semiconductor stocks fell 7.2%, Intel collapsed 28.6%, and AMD lost nearly 11%. The Nasdaq is now approximately 7.8% below its October 6 record. AI demand remains substantial, but investors are increasingly questioning how quickly enormous capital investments will generate adequate returns. Could this be the beginning of a more sustained rotation away from technology leadership?

Two analysts see a bottom within days. Another calls this a potential buying opportunity of the decade. All four believe silver’s bull market has further to run—but their expectations for the recovery differ.

Well because metals are at record levels compared to any time prior to about October of last year. Silver only traded above $40 for handfuls of weeks twice over 55 years and really not very long at over even $35. That more than makes up for diesel costs. Gold was at like $2K prior to a few years ago. Even at high oil costs, the fraction of oil as a cost to revenue from the metal is a fraction of what it used to be. The argument made sense when margins were thin, but now they are not, outside of miners with high AISC costs, like Guanajuato for example, but that won't last for many quarters because it's a result of large capex to optimize costs and efficiency. Top 5 mining stocks? It's so subjective. It depends on what you value, high upside, stability, jurisdiction, torque (which cuts both ways), etc. For me, I value production so they are making money, or a great deposit at near production (within 2 years)..but also small to mid size companies with a lot of upside. Then also, how high do you think metals will go? Which metals are your favorite. I favor Silver and think these stocks have the most upside. I can also stomach a lot of volatility. I am aggressive and can take high risk. If I could only own 5, they would probably be Aya, Vizsla Silver, Endeavor Silver, Honey Badger Silver and the 5th is a bit tougher, but off the top of my head, Santacruz. They are my highest allocations and if they go down while others I own go up and reallocate and add more. Not financial advice.

I don't think this is the Silver peak in this bull market. Yes, I still think we are in a long term gold and silver bull market.

Silver closed at $49.45 in January 1980 and $48.70 in April 2011—the peaks of two historic bull markets. Today, silver closed at $49.14, right in that same price zone. Will 46 years of resistance now become support?

Hey, where are all those people who said "when Silver goes lower, I'm happy, I just buy more!" I know most who say that mean physical, but look at that deal on Comex! You can put only a % down and make a killing. Time to put your money where you mouth is....lets go people!

The U.S. Economy Grew 3.4%. But Look at September's Consumer Numbers. Third-quarter GDP increased at a strong 3.4% annualized rate, according to Thursday's government report. Yet September's consumer spending rose 0.5% in dollar terms while remaining essentially unchanged after inflation. Inflation-adjusted disposable income actually fell 0.3%. The economy is still expanding, supported by the numbers and the big tech investments in buildouts. But the latest monthly figures suggest households may be entering the fourth quarter under considerably more pressure than the GDP headline indicates.

Andean Silver and Vizsla Silver analyses posted to substack the last couple of days if anyone interested. There are some updates since previous reports: briangoodner.substack.com/p/… briangoodner.substack.com/p/…

Samsung Makes History: First Tech Company to Exceed 100 Trillion Won in Quarterly Operating Profit Samsung Electronics reported Q3 operating profit of 107.4 trillion won (approximately US$80 billion), becoming the first technology company worldwide to surpass that milestone. Its semiconductor division generated 106.5 trillion won, accounting for roughly 99% of operating profit, driven by extraordinary AI-related memory demand. Yet Samsung shares fell despite the record results. An extraordinary demonstration of AI's profitability for semiconductor suppliers—and how demanding investors have become.

With the Federal Reserve meeting just six days before the midterm elections, an expensive stock market faces a test that could extend well beyond this week's interest-rate decision.