Silver, and a Timely Copper Discovery for Litchfield in the NT

The pre-Christmas slowdown is upon us with volumes thinning and news flow slowing. It has been a great year for the mining sector with sentiment hitting a 15 year high in October. It was quite ridiculous actually, with the surge in rare earth stocks being something unpredictable on any fundamental view. Yet, it happened. Since then the sentiment has fallen a long way as punters are left wondering when the afterparty starts. Will there be a pre-Christmas rally? Maybe. The next few weeks will be interesting.

The fact that brokers are still busy raising capital is a testament to the underlying enthusiasm for mining stocks. There is nothing to suggest this will not carry over to the New Year.

The Trump administration is the most pro-mining US Government for many years. The unwinding of strategic stockpiles that has been going on for decades is being reversed. The US feels vulnerable to the long-term strategy of controlling specialty and critical metals and is moving to do something about it.

American money flowing into the mining sector will be a major theme next year that will underpin markets. Copper now sees blue skies ahead. The gold sector will continue to bask in the new regime of high profitability but the critical metals will provide the volatility and the trading opportunities.

Gold has been great but now it is all about switching to focus more on silver. Gold will continue to perform as evidenced by the surge in price last week, but silver is playing catch up, and some. 

 WeeklyComm13December2025.pages.pdf