In this interview on "The KE Report," Peter Kraut, author of The Great Silver Bowl and editor of Silver Stock Investor, detailed the current macroeconomic landscape, particularly in light of the anticipated rate cuts by the Federal Reserves: https://www.youtube.com/watch?v=bbbmKEJfvEk
Highlighting the fundamental strength in silver, with demand consistently outstripping supply by about 20% leading to a structural deficit, Krauth believes the stage may be set for a future silver squeeze.
Suggesting that silver stocks could perform independently of gold in the near term, Krauth discussed the prospects of silver exploration companies and indicated that the sector could see significant developments in the near future.
Dolly Varden Silver
One of the companies highlighted was Dolly Varden Silver (DV.v DOLLF) and its Kitsault Valley Project where the latest exploration results saw significant silver, lead, and zinc mineralization with the latest results returning 1,091g/t silver over 9.38m.
Located in British Colombia's Golden Triangle, an area that has seen over $5 billion in mergers and acquisitions since 2018, the Kitsault Valley Project has 34.7 million ounces of silver and 166,000 ounces of gold in indicated resources, with an additional 29.3 million ounces of silver and 816,700 ounces of gold inferred.
Amid its current drilling program, DV has mobilized three rigs with an initial plan to drill 25,000 meters, focusing on the Homestake Silver and Wolf Deposits while also pursuing new discoveries.
Earlier this week, DV announced an upsized bought deal financing for $28M with participation from Eric Sprott. This financing deal is significant as it allows DV enhance their treasury and continue exploration, aligning with expectations of a potential silver price increase. As DV is trading at a lower valuation compared to industry averages, there are expectations for a revaluation if high-grade silver continues to be discovered.
For more information, refer to DV's latest news release: https://www.globenewswire.com/news-release/2024/08/20/2932906/0/en/Dolly-Varden-Silver-Announces-Upsize-of-Bought-Deal-Financing-to-28-Million-With-Participation-by-Eric-Sprott.html
Posted on Behalf of Dolly Varden Silver Corp.