Silver North Resources Positions for Growth Amid Rising Central Bank Demand and Yukon Silver Exploration Surge
- •It got me thinking about my own portfolio allocation to silver.
- •This time feels different though, with more consistent, institutional buying on the backend.
- •This article highlights Silver North’s Haldane project, and the potential for a new silver district in the Yukon, which could be huge if it pans out.
Hey everyone, just read this interesting article about Silver North Resources and their drill program in the Yukon, especially with the whole central bank demand for precious metals (link here). It got me thinking about my own portfolio allocation to silver. I've always had a small position in silver, mostly as a hedge, but with gold hitting new highs and central banks diversifying away from the dollar, the argument for silver becoming a more prominent component of a balanced portfolio seems to be gaining traction.
I remember back in '08 and ‘09, when things got hairy, silver definitely outperformed initially, but then it got clobbered alongside everything else before an eventual big rally. This time feels different though, with more consistent, institutional buying on the backend. This article highlights Silver North’s Haldane project, and the potential for a new silver district in the Yukon, which could be huge if it pans out. It’s early days for them, but the exploration surge in that region is definitely something to keep an eye on. I’m always evaluating how much I should be allocating to these types of junior miners, especially with retirement approaching for my wife and I.
What are your thoughts on this? Are any of you guys invested in Silver North or other silver explorers in the Yukon? Do you think the central bank demand for gold and silver is sustainable, and how do you see that impacting silver prices in the long run? Always appreciate hearing your insights!