Summary
Lobo Tiggre views the recent volatility in the silver market as a potential buying opportunity, and shares his insights on investment strategies, market trends, and jurisdiction risks in the mining industry, while remaining bullish on certain metals and mining stocks.
Market Dynamics and Volatility
Silver’s 15% drop from record highs in the low $80s to mid-$70s triggered viral rumors of institutional failures and massive margin calls, but no confirmable disclosures or filings naming parties emerged, making it just noise until proven otherwise.
Vertical price movements in silver are unsustainable long-term and big money expects a pullback based on non-conspiratorial market mechanics, not just manipulation theories, as costs will eventually catch up since nothing goes up indefinitely.
Volatility in silver prices is normal during a bull market and shakes out weak hands, with a correction to $50/oz still being a fantastic price for mining and creating spectacular buying opportunities for those who missed the rally.
Mining Economics and Profitability
Silver miners’ margins are exploding with crappier mines designed around $20/oz silver and better ones around $15/oz, meaning producers are now literally printing cash at current prices and any miner not making money has something fundamentally wrong.
Operational discipline and margin expansion through cost control and quality execution are more important than share buybacks in a bull market for mining companies to regain investor trust.
Investment Strategy and Profit-Taking
Profit-taking is a normal part of investing practiced by Warren Buffett, Doug Casey, and Rick Rule, as wealthy investors don’t hodl until $5,000/oz and keeping profits is as important as making them for realized gains.
Consolidation and correction in silver prices is preferable to a blow-off top which would end the party, as the business of mining remains intact regardless of short-term price movements.
Investment Opportunities and Sectors
Pre-production and development-stage mining companies offer upside potential as a substantial rerate occurs when they transition from spending on drilling to mining, while royalty companies provide metals exposure with less operating risk.
Lobo Tiggre focuses on pre-discovery, early-stage mining exploration for potential 100-bagger returns, preferring companies that own 100% of the property to capture all upside.
2026 Market Outlook
Copper is Tiggre’s top pick for 2026 driven by AI hype, electrification, and supply constraints, with preference for investing in juniors with quality projects, developers, and producers with profits and growth potential over gold and silver.
Fiscal dominance characterized by ongoing government spending and money printing is bullish for real assets like gold, silver, copper, and uranium, despite potential structural economic weakness and a K-shaped economy, while China’s export restrictions on metals could create a policy risk premium for North American miners in Nevada and Canada.