iShares Silver Trust

SLV

Market cap $46.8B

Integra Resources offers significant upside, with 2-3x potential if gold prices remain elevated, driven by DeLamar and Florida Canyon assets. ITRG is highly leveraged to gold/silver prices, with current valuation showing a meaningful discount to combined NPV even at conservative metal price assumptions. Florida Canyon provides immediate cash flow, funding growth without dilution, but high AISCs and ongoing CapEx constrain near-term free cash flow.

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.

Earnings are due from Goldman Sachs and Morgan Stanley this morning

Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." Chapters: 00:00:00 - MLIV 00:00:03 - Critical Minerals Tariffs 00:00:38 - Silver, Gold Prices 00:02:00 - S&P Futues, Small Cap Stocks Rotation 00:02:51 - AI Bubble, Inflation -------- More on Bloomberg Television and Markets Like this video?

Metals extended their dramatic start to the year — with gold, silver, copper and tin all hitting record highs — as investors piled into the commodities as a red-hot alternative to more traditional assets. Frenzied buying in China across multiple metals has stoked the recent moves, at the same time as investors have been seeking safe havens amid geopolitical flashpoints from Venezuela to Iran and the Trump administration's fresh attack on the Federal Reserve.

Sarat Sethi, DCLA managing partner, and David Zervos, Jefferies chief market strategist, join 'Power Lunch' to discuss if bitcoin's rally looks like panic buying, the recent price action in metals and much more.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.

Trading exchange operator CME Group made it more expensive in recent weeks for people to trade silver futures contracts. That doesn't seem to bother investors who have lifted prices up to their highest levels on record, with many setting their sights on the psychologically important $100-an-ounce mark.

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.