Ryan Stancil,
Editor
June 16, 2025
Commodity Callout
Silver kept its momentum from the previous week. It managed to maintain a price above $36 per ounce in a sign that it’s ready to move on to bigger and better things from there. As it pushes toward the $40 mark, it’s going to become an increasingly important and common part of many portfolios.
Metal Price Update
Gold — Gold mounted a comeback last week after being down the week prior. It spent the entire week climbing, starting around $3340 and ending at $3452 per ounce. This goes to show how quickly it can recover after a pullback and that the bull market still has plenty of life left.
Silver — Silver held above $36 per ounce, continuing the upward trend from the prior week. It pulled back under that number before recovering, showing that it could be trending toward the next milestone of $40 per ounce sooner rather than later.
Copper — Copper fell, ending the week at about $4.75 after starting at $4.90 per pound. The dip may have had something to do with investors becoming nervous about renewed tensions in the Middle East but the fundamentals behind the surge remain the same so copper is something you should continue to buy.
Lithium Carbonate — Lithium actually saw a slight rise in its price, having started the week at $8389 and ending it at $8443 per ton. It wasn’t much of a rise and it’s too early to tell if this will continue but investors holding on to it might see this as a sign that this commodity can and will recover with time.
Uranium — Uranium prices experienced another pullback, this time falling from $70.50 to around $69.75 per pound. So it wasn’t that much of a pullback but it was one all the same. War tensions may be to blame for this as well but the downward trend isn’t likely to last long.
Company Callout
Perpetua Resources Corp. (Nasdaq: PPTA)(TSX: PPTA) is a company that owns what may be one of the highest-grade open-pit gold mines in the US. A byproduct of that gold resource is a strategic metal called antimony, which the defense industry needs for weapons and equipment. The US wants to secure its own supply since, like rare earths, China controls much of existing supply.
That, along with the fact that Perpetua just received a Clean Water Act Section 404 permit from the United States Army Corps of Engineers, paints a very clear picture as to why the company’s stock price surged recently. Even with the recent highs, Gerardo thinks it’s still cheap and a good value for anyone looking to play gold. You can learn more about it by reading the latest issue of Junior Resource Monthly. Click here to access the issue.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest