CAPT closed Friday at $0.85 on 998,000 shares!!!!! Looks like speculators are beginning to buy both Gold and Silver stocks, this may be just the start of a BULL market for resource stocks.
Gold is near all-time highs and the recent consolidation suggests the price will move higher given the current political climate and the desire of countries such as BRICS to use gold backed currencies. The US dollar has seen a significant devaluation since the beginning of the year, already plunging about 9% since January, with a 4.5% drop in April alone.
Gold has risen about 27% from the start of this year alone.
Similarly, the price of silver has increased significantly year-to-date, with gains ranging from about 20% to 25%. Specifically, silver had gained around 22% by June 5th, 2025, and up significantly about 9.14% from one month ago. This has created a nice little silver rush for anyone playing silver stocks.
I like Capitan Silver (CAPT), Reyna Silver (RSLV), and West Red Lake (WRLG). All of these stocks moved higher recently, partially due to the rising price of silver and gold, but also due to fundamentals.
Capitan has been drilling for over two months and appears results are close due to the recent price movement, closing Friday at $0.85. They have methodically put together a good silver property that has reported significant silver in their cores. The price moved from $0.15 in the fall of 2024, surging from $0.50 to $0.85 in the last 3 days.
This price movement may have been due to the recent spike in silver but I also think that a surging resource market for both gold and silver is starting to show signs of a significant "BULL" market developing. This will surely attract speculation and capital to fund exploration, thus prices will be under pressure as money rotates into less expensive stocks.
Capitan has less than 100 M shares outstanding, excellent management, and has commenced drilling at its Cruz de Plata silver-gold project, located in Durango, Mexico. In particular, JM-DDH-14-24 has 7.15 m of 1,024.4 g/t AgEq within a wider interval of 42.0 m of 244.72 g/t AgEq.
Judging by the trading last week, results must be close as they have been drilling for over 2 months.