The cost of production for primary Silver mines in 2026 is ~$38/oz compared to ~$20/oz just 5 years ago.

This represents a price floor that futures markets would struggle to breach, even temporarily.

The average cost of producing is rising rapidly due to mine depletion.
Old legacy mines are using up their cheaper high grade deposits, leaving the more expensive low grade deposits to work with; and new mines brought online to satisfy the ongoing supply deficit are mostly lower grade ore to begin with, which is why the cost of production is growing at break-neck speed.

@SilverStackersSS

Both Silver and gold have formed a falling wedge pattern, also known as a bull flag; which is painful for traders with prices routinely grinding lower, and a blessing for Stackers who get to dollar cost average into their favorite metal before the next major move up.

Bull flags breakout to the upside in about 68% of cases, and given the overall bullish fundamentals for both metals, including: energy supply shocks, increasing defense spending, ongoing mine supply deficits, central bank purchases, ballooning national debts, a bear market in bond yields, negative real rates, and persistent demand from Silver Stackers, a breakout to the upside is a high probability sometime between August and November.

This gives Silver Stackers a precious window of opportunity to add to the Stack while the general investors and normies are sleeping.
Once the next big move up begins, those normies and trends chasers will re-enter the metals market and drive premiums and spot prices back up.

t.me/SilverStackersSS

The charts in 2026 may look disastrous, with both metals having crossed under their 200-day moving average.

But zooming out a bit over the past 2.5 years, you get a better picture of just how massive these bull flags are, and how explosive a continuation to the upside could be.

t.me/SilverStackersSS