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Over the last year or so I have sent out many a missive on silver -- and the Silver Institute, but I have yet to put it all together in a comprehensive supply and demand balance sheet, and then compare my balance sheet to the one put out by the Silver Institute; so here we go. Over the years there have been many changes in methodology in their reports; some years photography is included in industry, in others it is not.

I speak with the CEO of BP Silver, Tim Shearcroft, to learn more about what is developing at the prospective Silver project: Phase 2 drilling is underway with ~20-24 drill holes expected to follow-up on high-grade results during Phase 1 at the Pocañita Chica target, looking to confirm and expand on the recent discovery.

Silver is an amazingly useful metal. In addition to serving as money, silver is used in a wide range of applications, from the tech sector to medicine. And scientists continue to find new uses for silver. For instance, Japanese researchers have discovered that silver can facilitate the cutting and re-ligation of DNA structures. This is one of several interesting developments in the silver market reported by the Silver Institute in its recent Silver News publication.

Vancouver, British Columbia--(Newsfile Corp. - July 7, 2026) - BP Silver Corp. (TSXV: BPAG) (OTCQB: BPSCF) ("BP Silver" or the "Company") announces that its 2,000 meter ("m") Phase 2 drill program (the "Program") commenced on June 30, 2026, at its wholly-owned Cosuño Silver Project ("Cosuño") located in the Department of Potosí, Bolivia.

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Excerpt from this week's: Technical Scoop: Jobs Up, Gilded Break, Oily Fall Gold and silver Source: www.stockcharts.com Gold caught a break this past week. First there were the soft job numbers that came out Thursday. Lower energy prices helped ease inflation concerns. The US$ Index slipped on the lower jobs and energy numbers. And finally, it seems less likely now that the Fed will hike interest rates. Put it all together and gold rose this past week by 1.3%.

Today we are going to take a fresh look at silver because after its latest drop it is getting very close to our target zone where it and silver investments become a strong buy. It should be emphasized here that we do not have a fixed and rigid downside target, but rather a buy zone where the further it drops into it, the more of a buy it becomes.

Silver has bounced, but the broader question for investors remains unresolved. After falling back into the high-$50s from its January highs above $120, silver has delivered the kind of reversal that naturally raises doubts. At the time of writing, spot silver was trading near $58.96, up around 1.3% on the session, while gold was firmer near $4,033. Yet the rebound remains tentative.

We are going to take a fresh look at silver because, after its latest drop, it is getting very close to our target zone where it and silver investments become a strong buy. It should be emphasized here that we do not have a fixed and rigid downside target, but rather a buy zone where the further it drops into it, the more of a buy it becomes.

Excerpt from this week's: Technical Scoop: Thin MOU, Oversold Oil, Precious Bear Gold and silver Source: www.stockcharts.com Gold bugs have had a miserable time of it lately. Gold is now down 5.6% in 2026. Silver is down 17.4%, the Gold Bugs Index (HUI) is off 6.9%, and the TSX Gold Index (TGD) is down 5.2%. But is the glass half full or half empty? Over the past year gold remains up 25%, silver is up 64%, the HUI up 60%, and the TGD also up 60%.