Ryan Stancil,
Editor
June 1, 2026
Commodity Callout
It was a week of back-and-forth for many commodities, but copper in particular is one to watch because of supply risks that are quietly pushing prices higher.
Metal Price Update
Gold — It was a week of stagnation for gold, staying around the price of $4569 per ounce. Softening inflation risks and lower oil prices reduced the need for safe haven demand, so gold struggled to gain traction. Long-term, however, it’s still in a bull market.
Silver — Silver saw a downturn, going from $78.50 per ounce to $75.58. The softening inflation pressures in light of a possible deal weighed heavily and caused silver to shed value. This could present a strong buying opportunity.
Copper — Copper’s price fell, going from just shy of $6.50 per pound to around $6.40. It wasn’t a dramatic drop, but it showed that the market turmoil affects everyone.
Lithium Carbonate — Lithium’s pullback continued. It started around $27,000 per metric ton and ultimately ended around $26,200. Constant market unpredictability may be weighing on the price and halting all of the momentum lithium had. This still presents a buying opportunity for a commodity with a profitable future ahead of it.
Uranium — Uranium saw its price climb somewhat, starting around $84.70 per pound, getting up to $85.30 and ultimately settling at $85.05. Uranium’s price has been relatively stable for much of the year, so it could be a good addition to your portfolio amid the volatility many other commodities have been experiencing.
Company Callout
One company to watch in the ongoing bull market is Lux Metals (TSX-V: LXM)(OTC: BBBMF).
The company just announced that it has received its drill permit for its La Grande Gold Project in Québec’s James Bay region. This is a system where over 40,000 meters of historic diamond drilling have outlined gold mineralization across 600 meters of strike length and 350 meters of vertical depth.
In a market where gold has all of the tailwinds behind it to climb higher, the news of this project receiving its permits is the kind of thing that brings in positive investor attention and causes value to climb. When you look at other advantages offered by the site, like year-round road access and nearby necessary infrastructure, it only makes more sense that this company is one that deserves a place in the portfolio of any investor interested in gold.
Drilling is expected over the next month or so and news will follow closely behind.
This company is part of Gerardo’s Junior Resource Speculator portfolio, where it is already up 27%. It’s poised to climb even higher. If you want to learn more, including buying guidance, click here to access Gerardo’s latest alert.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest