The Great Silver Divergence: A Binary Bet with Very Early Bitcoin-Level Potential!

H/T THE HAPPY HAWAIIAN FOR THE CHART

There is a chart making the rounds in the precious metals community that is so stark, so powerful, that it presents a simple, binary choice. It is a chart that screams opportunity, a divergence so extreme that it cannot last.

The resolution of this divergence will either see the price of silver collapse, or it will unleash a rally in the silver mining stocks that will be incredibly powerful.

Take a close look at the chart above. The blue line is the price of silver in 2025, which has been in a powerful uptrend, recently breaking out to new highs above $59. The red line is the ratio of the junior silver miners ETF (SILJ) to the price of silver.

As you can see, for most of the year, they moved in tandem. But over the last month, a massive divergence has opened up. As silver has soared, the miners have fallen off a cliff relative to the metal.

This presents us with a simple, binary bet:

1. Either the price of silver is about to collapse, proving the miners were right.
2. Or the silver miners are extremely undervalued, and a violent catch-up rally is imminent.

So, which is it? Are you willing to bet that silver will significantly fall in the current environment?

Let’s Dig Into The Following:

1. The overwhelming case for a silver super-spike! The monetary demand from investors recognizing the undervaluation squeezes the same finite supply that industrial and strategic players desperately need. This is a perfect storm where silver’s ancient role as money is colliding with its modern role as an irreplaceable industrial commodity.
2. Why Even $100+ Silver Won’t Bring a Supply Flood! 70-80% of silver produced is a byproduct of mining other minerals such as lead, copper, zinc, nickel and gold. This means that the supply of silver is not primarily driven by the price of silver, but by the global demand for these other metals. This creates a rare and powerful structural inelasticity that almost no other commodity faces.
3. Why are the silver miners being ignored? Many investors were burned by the brutal 2011-2020 bear market in precious metals and are suffering from recency bias, unable to believe that this time is different. They see the miners as toxic, perpetually underperforming assets, and are selling every rally, blinded by the past instead of focusing on the future.
4. The early bitcoin parallel! The asymmetric opportunity presenting itself today in the silver miners feels incredibly similar to the early Bitcoin days. The skepticism is rampant. The undervaluation is extreme. The fundamental case is undeniable.
5. The inevitable re-rating of these silver mining stocks! If you believe, as the evidence overwhelmingly suggests, that silver is going higher, then the conclusion is inescapable: the silver miners are on the verge of a re-rating that will be unlike anything the majority of investors have ever experienced. …

Barrick Seeks to Spin-Off US Operations, Hits 13 Year Highs on News

GFN – NEW YORK: Barrick Mining is exploring an IPO of its North American gold assets, a move that could value the unit near $60 billion as the company restructures following operational setbacks and management turnover.

Barrick is exploring an IPO of its North American gold assets, potentially valuing the unit near $60–62 billion while retaining majority control.

Shares hit a 13-year high as the move follows activist pressure, management changes, and a broader restructuring push.

The strategy separates high-quality Nevada assets from higher-risk global operations, with analysts noting possible M&A interest from Newmont.

https://www.zerohedge.com/news/2025-12-02/barrick-seeks-spin-us-operations-hits-13-year-highs-news

Nice to be on the right side of an investment that doesn’t want to die for a change. Just like tech.

Dollar and rates falling. ADP report in a few minutes, jobs report on Friday.

The most important Fed meeting ever next week – just like all the rest of the Fed meetings.

was supposed to be down to a cooling issue….well they have a full back up operation…how come that wasn’t used !!!!! and the outside temp was minus…so they could have pumped cool air in, which apparently is common in places like Chicago, that are often cold.

Needless to say the story stinks….

Many years back Credit Lyonais , otherwise know as Debit Lyonais, was involved in a major court case, for dodgy dealing….until one weekend the sad news came out that there Paris HQ had had, a bad fire and all the records for the case were burnt !!!

Then someone pointed out they had a warehouse, full of back up records…guess what happened the next weekend…yup you got it…..the ware house self combusted.

Northern Sky charters
https://www.railpictures.net/photo/890392/
https://www.railpictures.net/photo/890391/

Re explaining male-female electrical and pipe connectors ……for anyone in gender studies they would have to learn which is which and put a le or a la in front of it.