Ted Butler

Silver is back at $59—but I’m watching 70:1. That’s the gold-silver ratio today. Previous silver bull markets ended near 32:1 and 14:1. Has this move barely scratched the surface? Peter and I dig into the history, plus four company updates: thegoldadvisor.com/silver-advisor… @peter_krauth

Follow the money. @AbraSilver upsized its raise from C$45M to C$50M. The over-allotment was exercised in full, and Kinross intends to add another C$2M. The stock absorbed dilution. Diablillos moved closer to construction. My full analysis: @peter_krauth thegoldadvisor.com/silver-advisor…

935 g/t silver. 85% of samples mineralized. 2.1 km of strike. Two new targets. A second rig mobilized. And no Phase 2 assays yet. @BPSilverCorp has defined the targets. Now the drill bit gets its say. My full analysis: thegoldadvisor.com/silver-advisor… @peter_krauth

Gold star: 4.44m at 754 g/t AgEq. Silver star: 2.54m at 987 g/t AgEq. @Pacifica_Silver's new Aguilareña shoot delivers the highest grades drilled at Claudia—at relatively shallow depths. It remains open, only half the mapped strike has been tested, and three rigs are turning. I remain overweight. My full analysis: #es" target="_blank" rel="nofollow noopener">thegoldadvisor.com/silver-advisor…

ESGold @ESGold_Corp now has authorization to drill Montauban, clearing the main regulatory hurdle for its exploration program. First up: the historical crown pillar and targets identified through drilling, ANT data and 3D modelling. The tailings operation remains the near-term priority. @peter_krauth and I hold shares. Video: youtube.com/watch?v=j-sZ-P… My update: thegoldadvisor.com/silver-advisor…

Silver pulled back. Our companies pushed forward. This week: 6 major updates, high-grade silver at depth, mill equipment moving toward production, Peter’s bullish outlook and @TheGoldAdvisor onsite in Mexico. The price isn’t the story. Progress is. thegoldadvisor.com/silver-advisor…

Jeff Clark @TheGoldAdvisor went to Mexico looking for answers. He came back buying. A vast land package. 30+ km of known high-grade veins. C$25M in cash. A fully funded 35,000-metre drill program. Imminent assays. Read why his @Pacifica_Silver conviction grew 👇 thegoldadvisor.com/silver-advisor… Watch the site visit series 👇 youtube.com/playlist?list=… @peter_krauth

@RonStoeferle Wishing you a speedy recovery, Ronnie! Christopher Nolan’s new film “The Odyssey” is worth a watch

Mountain bike accident... broken ribs and broken collarbone. :-( On the bright side, I've got plenty of time to watch movies now. Any recommendations?

Avino @Avino_ASM produced 534,945 AgEq oz in Q2—but the standout number was La Preciosa: • 84,806 oz silver • Up 59% QoQ • Both mill circuits now processing its ore • Long-hole mining approaching The softer headline was largely copper sequencing—not weaker silver output. And with H2 expected to carry more weight, the best may be ahead. My full breakdown: thegoldadvisor.com/silver-advisor… @peter_krauth

Kingsmen Silver @Kingsmen_Res has kicked off assay season with a bang. Its deepest hole at Soledad returned 641 g/t AgEq over 1.40m within 5.20m grading 257 g/t AgEq—extending the system to 135m vertically, with grade and width increasing at depth. In this clip from earlier this year, President Scott Emerson explains how Kingsmen quietly consolidated 14 claimholders to build a district-scale silver opportunity. The ground was assembled patiently. Now the drill bit is beginning to show why—and most results from 19 completed holes are still ahead. @peter_krauth thegoldadvisor.com/silver-advisor…

A near-term Peruvian producer priced like an explorer. That’s our newest Silver Stock Investor pick—and in the latest issue, I explain why its approaching move into production could become a major catalyst. We also dig into new exploration programs, project advancements, strong Q2 results and several transformational acquisitions. Subscribe to read the full issue: thegoldadvisor.com/silver-stock-i… @peter_krauth

One man’s trash could become @Silver47co's treasure. The company has confirmed 2.74Moz AgEq in surface tailings at Hughes. Now metallurgical testing will determine whether yesterday’s mine waste can become tomorrow’s silver production. thegoldadvisor.com/silver-advisor…

Mining companies often tell us their projects are advancing. @ESGold_Corp returned with the photographs to prove it. Major processing equipment is now approved for shipment to Montauban, bringing the project another step closer to first production. @peter_krauth thegoldadvisor.com/silver-advisor…

AbraSilver @AbraSilver delayed its Heap Leach PEA—but shareholders may ultimately thank management. Better-than-expected recoveries could support a larger Diablillos resource before the study arrives in Q4. @peter_kraut and I maintain a full weighting. thegoldadvisor.com/silver-advisor…

Drill rigs discover ounces. But mines are often financed and permitted in suits. @BRCSilver is pursuing U.S. government funding and incentives for Tonopah West—potentially advancing the project while limiting dilution. @peter_krauth and I remain overweight. #br" target="_blank" rel="nofollow noopener">thegoldadvisor.com/silver-advisor…

The silver market may be pausing. The companies aren’t. AbraSilver, Sierra Madre, ESGold and Aya all advanced key catalysts this week—while shrinking exchange inventories continue to tighten the physical market. The latest Silver Scoop: @peter_krauth thegoldadvisor.com/silver-advisor…

Silver inventories are being depleted in London and China. At the same time, mine production and recycling remain insufficient to replace what’s being consumed. That’s not a temporary imbalance. It’s a structural supply problem—and it’s getting harder for the market to hide. In Episode 5 of The Great Silver Bull, @peter_krauth and I explain why this supply stalemate matters for physical silver and where the pressure could show up next. Watch: youtu.be/AVJkzQt3nw4 Full series: youtube.com/playlist?list=… Subscribe free to The Silver Advisor: thegoldadvisor.com/registration/

Aya’s @AyaGoldSilver record Q2 production grabbed attention. But Boumadine may be the bigger story. 102,000+ metres drilled. Updated PEA coming in H2 2026. Early works could begin by year-end. The catalyst pipeline is building. I breaks it down here: thegoldadvisor.com/silver-advisor… $AYA #Silver @peter_krauth

Some acquisitions add land. Others expand the entire opportunity. For just $70,000 in cash and 600,000 shares, @ESGold_Corp has secured 44 additional claims covering roughly 2,448 hectares around Montauban. What interests me most is how management is integrating that new ground with historical drilling, modern geophysics and its evolving 3D geological model. @peter_krauth and I remain shareholders. #es" target="_blank" rel="nofollow noopener">thegoldadvisor.com/silver-advisor…