Silver's Next Chapter: Scarcity Meets a Shifting Market
Join us for a timely discussion on silver's split identity as both a safe-haven and an industrial metal, set against the backdrop of a persistent multi-year supply deficit. Learn what sets the price today and what will define silver's next chapter.
Fri, July 31, 2026 at 12:00 PMendedReplay
Investor webinar replay
Meeting Overview The meeting focused on the current state of the silver market, discussing price fluctuations, supply-demand dynamics, and future projections. Key insights were shared by industry leaders regarding the impact of geopolitical events and technological advancements on silver demand. Key Discussion Points - Overview of silver price fluctuations, including a spike to $121 and subsequent corrections. - Discussion on the true reflection of supply-demand characteristics in the silver market. - Historical context of silver prices and potential future stability around the $50 mark. - The impact of geopolitical factors on silver prices, particularly in relation to ongoing conflicts. - Insights into the increasing demand for silver from sectors like AI data centers and solar energy. - Commentary on the gold-silver ratio and its implications for future trading. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Compile and distribute unans...
Jean-Paul Tsotsos has over 15 years of experience in mining corporate development, strategy, capital markets, project evaluations, and project development. Mr. Tsotsos was previously a member of the Corporate Development team at Hudbay Minerals, where he played an integral role in the development of the Snow Lake base metal to gold transition strategy in Manitoba, the 100% ownership consolidation of Copper World in Arizona, and the acquisition of Mason Resources in Nevada. Before Hudbay, Mr. Tsotsos worked at BMO Capital Markets in the Metals and Mining Equity Research group and held successively higher roles as a Professional Geologist within exploration and consulting. Mr. Tsotsos holds an MBA specializing in Natural Resources, Energy, and Environment from the University of Alberta, a Masters of Science, and an Honours Bachelor of Science from the University of Toronto. He is a Professional Geoscientist registered with the Association of Professional Geoscientists of Ontario.
Chad Williams has an extensive background in capital markets and business management. He is the founder and Chairman of Red Cloud Mining Capital, Inc., Blue Thunder Mining Inc., and Sharechest. He was one of the founders of both Agilith Capital Inc. and Westwind Capital Inc., as well as the former CEO of Victoria Gold Corp. and former Head of Mining Investment Banking at Blackmont Capital Inc. Prior to these positions, Mr. Williams was a top-ranked mining analyst at TD Bank and other Canadian brokerage firms in Toronto. is also a founder of Hot Rod Publishing, a music company. Chad Williams is a member of the Association of Professional Engineers of Ontario, having received a Bachelor of Engineering degree and a Master of Business Administration from McGill University.
Replay transcript excerpt
Speaker 1: Hello everyone and thank you for joining us for this live virtual event. Today we'll be talking Silver. And on the call we have Jean-Paul Sosso, Speaker 1: CEO of Chesapeake Gold, Eric Jean-Sherb, Speaker 1: President and CEO at GR Silver, and Chad Williams, Chairman at Honey Badger Silver. Speaker 1: There's a lot to talk about, but 1st a couple of housekeeping items. There's a chat box, Speaker 1: so please feel free to submit questions throughout. Speaker 1: We may not have time to get to all of them live, but we'll make sure to pass them along to the respective companies afterwards if we have not addressed them. Speaker 1: When we wrap up today, a meeting request will pop up. You can select any of the companies you'd like to connect with if you're interested in learning more about that specific company. We also pass that along to them. Speaker 1: And as always, this event is being recorded and the replay will be made available shortly after we conclude. Speaker 1: With that, let's dive in. And for the 1st question, I'll do a little bit of a round table, Speaker 1: ask the same question to all 3 of you, Speaker 1: get your responses. Maybe we'll start with you 1st, Chad. Speaker 1: Silver's had 1 of the widest years on record, a run to $121, Speaker 1: then a 50% Speaker 1: plus correction, Speaker 1: and now stabilization Speaker 1: in the high 50s, Speaker 1: while the structural deficit story hasn't changed at all. Speaker 1: Which is the real signal here, the January spike or where we're sitting now? Speaker 2: I Speaker 2: think that neither of them are Speaker 2: the true Speaker 2: reflection Speaker 2: of the supply demand characteristics for silver. Speaker 2: The spike to $120 Speaker 2: was probably Speaker 2: due to short covering Speaker 2:...
