Right. So, Hecla Mining (HL +1.66%). It’s been having a moment. A 20% jump this week, apparently. Which, let’s be honest, is the kind of thing that makes one briefly consider becoming a geologist. Then one remembers the mud. And the spreadsheets. Anyway, the data – S&P Global Market Intelligence, very official – says it’s all about the silver. Silver, silver, silver. It’s crossed some sort of price threshold. A milestone. Like a particularly shiny birthday.
It’s not just the silver, though, is it? Never is. It’s like diets. You think it’s about the salad, then you realize it’s about the emotional void you’re trying to fill with lettuce. Hecla’s been added to a stock index, the S&P MidCap 400, which is… reassuring. And gold prices are up too. Not as dramatically, but enough to make one feel slightly less guilty about that impulse purchase of gold-plated teaspoons.
Units of Cryptocurrency Lost: 12. Hours Spent Watching Charts: 9. Number of Panicked Texts to Friends: 24. It’s a lifestyle, really.
Historic Silver Rally
Apparently, I’m not the only one noticing the silver thing. Hecla’s the biggest primary silver producer in the US and Canada, which sounds… substantial. And they’re benefiting from the gold rise, naturally. I mean, everything’s connected, isn’t it? Like a very complicated family tree.
Hecla’s CEO, Rob Krcmarov, was on CNBC, sounding very sensible. He said central banks are buying gold like it’s going out of fashion, which is… odd. It’s like hoarding toilet paper, but on a national scale. Apparently, they’ve been at it for years, and will continue. Good for them.
But silver? Silver’s a different story. It’s a supply issue. A deficit. Five years of it. Which, in economic terms, means… well, it means people want more silver than there is. Which seems… logical, actually. Industrial users – electronics manufacturers, apparently – are snapping it up. And China’s started restricting exports. Which, naturally, has sent prices soaring. It’s like when you put the last biscuit on the plate.
The index inclusion is nice, of course. A little pat on the back for Hecla. But the silver and gold are the real drivers. And if you want to delve deeper into the supply and demand rabbit hole, Hecla’s hosting an Investor Day in New York on January 26th. I suspect there will be charts. And possibly biscuits. One can only hope. I’m mostly looking for a solid dividend yield, though. One needs something to show for all this worrying. It’s a small comfort, really. A very small comfort.
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2026-01-24 18:35