Ryan Stancil,
Editor
July 13, 2026
Commodity Callout
Uranium saw some slight upward movement, continuing to show its reliability as a stable investment.
Metal Price Update
Gold — It was a choppy week for gold prices, which started around $4,170 per ounce and ultimately ended around $4130. Inflation concerns from the Fed remain front and center, and on top of that, tensions in the Middle East flared again. Traders are hesitant to put their money behind gold until things improve, but its long-term prospects remain strong, so traders should continue adding to their positions.
Silver — Silver moved in tandem with gold yet again, starting around $62.50 per ounce and settling around $60.30. Fear and uncertainty continue to reign, and that creates opportunities for anyone willing to wait out the choppiness for a price surge in the future.
Copper — Copper rose, but continued its trend of operating in a tight range. It started around $6.25 per pound and ended around $6.29. Its continued stability shows why it should be in any commodity investor’s portfolio.
Lithium Carbonate — Lithium price fortunes were short-lived, as the price dropped from just shy of $24,400 per tonne to around $22,900. This wiped out gains from the prior week and brought the commodity back to previous levels. Demand remains strong, but rumors of a possible mine restart in China sparked fears of a supply glut. Still, lithium’s steady demand means investments are worth paying attention to.
Uranium — Uranium prices saw more upward momentum over the week, starting around $85.50 and ending around $85.75. Like copper, it moves in a tight range, and like copper, it’s a stable investment in a commodity that is only going to see its demand rise in the near term, so you want to add it to your portfolio while you still can.
Company Callout
Osisko Development Corp. (NYSE: ODV)(TSX-V: ODV) is a name to consider for your portfolio because of its Cariboo Gold Project in British Columbia.
The company just announced a solid batch of drill results from this 192,000 hectare land package in which all 11 drilled holes hit mineralization. Ten of those hits were outside of the resource’s current footprint.
As it stands, the current resource goes down to a depth of about 350 meters, but these results have shown that the system extends far beyond that. In some cases, it was beyond 700 meters.
The 100%-owned project is already permitted and at the feasibility stage. There are already Probable Reserves of 2.07 million ounces of gold, 1.60 million ounces Indicated, and 1.86 million ounces Inferred resources, exclusive of reserves. Now the market is waiting to see if the system can keep expanding, with these new results suggesting that will be the case.
Given all of that, the stock appears undervalued. Its current price range can be attributed to a recent selloff but these results and the ongoing gold bull market could easily turn the company’s fortunes around.
If you want to get in before that happens, you can learn more about the company in the pages of Underground Alpha by clicking here.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest