Ryan Stancil,
Editor
Aug. 10, 2026
Commodity Callout
Gold and silver rallied amid economic news.
Metal Price Update
Gold — And just like that, gold’s price turned around. It started the week around $4050 per ounce and rocketed all the way to just over $4400. Soft jobs data lit the fuse, and the reduced likelihood of a rate hike in September added to the push. Gold could seize this momentum and be eyeing $4500 next if things hold.
Silver — Silver joined gold’s rally, starting around $58 per ounce and ending just shy of $64. Given the jobs data and its implications, traders are more comfortable putting money into these haven investments, potentially pushing them to new highs.
Copper — Copper stayed within range. It started the week around $6.50 per pound and ended just short of $6.60, but it reached as high as $6.80 at one point. Fundamentals may have continued to cause it to do well before the rally in gold and silver stole some of the attention. Regardless, copper is one to continue stocking up on.
Lithium Carbonate — Lithium prices saw a drop from the previous week and then a recovery. Prices started around $20,700 per metric ton and climbed to end the week around $21,150. China’s recent decision to impose a consumption tax on some previously tax-exempted battery products may have something to do with the price rise, and long-term prospects for lithium provide the foundation for a profitable future for traders.
Uranium — Uranium continues to be boring in light of other commodities. It started around $86.60 per pound, dropped to around $86.30 and then recovered to around $86.50. Guidance remains strong, as demand is only going to increase with time, so investors should keep adding when they can.
Company Callout
Gold royalty companies are one way to invest in the gold boom and often go overlooked by many investors.
Among those who know about this sector of the gold market, some names slip by unnoticed in favor of big players like Franco-Nevada and Wheaton Precious Metals.
If this is an area you’re interested in, one lesser-known company to pay attention to is Versamet Royalties (NASDAQ: VMET)(TSX: VMET).
In recent weeks, royalty companies have rallied alongside gold with Versamet not quite keeping pace, creating an opportunity to buy in before the broader market becomes aware of the company’s existence.
The portfolio contains holdings from companies with gold, silver, and copper assets in stable jurisdictions like the US, Canada, and Australia, and has backing from some of the biggest names in mining finance.
Between 2022 and 2025, the company’s revenue climbed from $1 million to $35 million, and management is working toward a goal of 40,000 gold-equivalent ounces from its portfolio in 2028. Guidance for this year is roughly 20,000–23,000 ounces.
Company management includes industry veterans who have taken previous companies to multi-hundred-million-dollar acquisitions and those who have significant experience in capital markets.
Nick attributes recent weakness in the company’s share price to operational issues at some of Versamet’s portfolio companies, but notes that the weakness is an opportunity, not a mark against the long-term viability of royalty companies. He holds it as part of his Foundational Profits portfolio, which you can view by clicking here.
If you want to learn more, you can listen to Nick talk about the company in the most recent episode of Bizarro World Live by clicking here.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest