Undervalued Assets

Physical silver has been making higher lows for months. At the same time, Western physical silver investors are extremely negative. You can now buy physical silver through $PSLV at a 6.4% discount. I love this combination.

World Mkt Clearing Price for Silver $388.65 oz This'll be the 5th mkt rebalancing since 1974 +5X in nominal price to clear still IOWs Jan 2026 was the first major step

Silver is up a bit today and the 1-month silver lease rate immediately moves higher. That does not happen in a market where supply and demand are in balance. The next big move higher in silver is coming sooner rather than later.

10-YR Bond Yields 🏛️ and gold 🥇 — 4.457% & $4469/oz 👀 Bond yields up, gold down. Bond yields down, gold up. Silver follows with gusto. Clear as day 🫡

Gold Silver Platinum Palladium Futures Alert CME is lowering margin requirements on Comex Gold and Silver Futures, as well as, Nymex Platinum and Palladium Futures effective at the close of business on May 29, 2026 Gold margin decrease by 16% Silver margin decrease by 10% Platinum margin decrease by 18% Palladium margin decrease by 16%

Gold allocations are rising among central banks and private investors: Central bank gold reserves as a % of total reserves rose to 26.6% in 2025, the highest since 1993. This proportion has surged +17 percentage points since 2013. Meanwhile, private investor gold allocation increased to 2.7% of total portfolios last year, the highest since 1984. This percentage has more than DOUBLED over the last 5 years. Both central banks and private investors are steadily moving toward gold.