While most commentators prefer discussing conspiracies, market manipulation and illicit short selling of precious metals, historically throughout most periods, basic economics of supply and demand established prices. Apparently, gold climbing from $352 in 1999 to $3500 currently demonstrates that gold is simultaneously suppressed and manipulated. Forget supply and demand principles.

Sometimes, global political developments shape prices, reflecting governmental insanity levels. I believe that’s happening with silver jumping over 4% Friday and another 2% as I compose this early Monday, July 14.

Digital currencies and their associated 15,000 electronic collectible imitations have reached unprecedented heights today. Meanwhile, in the silver sector, authentic silver narratives have developed momentum independently.

I’ve been familiar with Silver North Resources Ltd.’s (SNAG:TSX.V; TARSF: OTCQB) leadership for at least 15 years. They reached out to me about two weeks ago wanting to discuss promoting their company.

SNAG previously peaked at $1.22 per share back in 2021 following the surge after the March 2020 market collapse. It dropped to a mere $0.065 last December before tripling by May. It has gained approximately 50% just within the past two weeks as silver finally builds momentum.

During my conversation with Mark Brown, Silver North’s Executive Chairman, he briefed me on their historical achievements and future strategies. I recognized their sole challenge was investor awareness about the company. They simply needed to articulate their plans and progress. They’re implementing that now, and you’ll encounter much more information about them shortly.

It’s a remarkable story. Silver North’s flagship project is the Haldane property in the renowned Keno Hill Silver District of the Yukon. Silver North produced exceptional results dating back to 2020, reporting an impressive 818 g/t silver across 1.78 meters within an 8.72-meter section of 311 g/t Au. Last year, Silver North identified a new zone they’ve designated the Main Fault in the Haldane property. Hole 24-30 yielded 0.73 meters of 3,422 g/t silver Eq within 1.83 meters of 1,491 g/t silver Eq.

Rick Mills from Ahead of the Herd published an excellent analysis of the company approximately ten days ago. It’s so thorough, I recommend potential investors review it here. I prefer not to delve into excessive technical details because I believe price and market valuation are more relevant to future performance.

When Mark updated me ten days ago, SNAG was trading around $0.15, giving the company a market valuation of just over $9 million. I typically seek companies with valuations under $10 million with imminent developments that could significantly impact investor returns.

Silver North has allocated a $2 million budget for drilling 2,500 meters at the Main Fault section of the Haldane project. Drilling will commence by late July. Anticipate results within six to eight weeks. I expect these results will significantly impact investor sentiment.

With the recent silver price surge and corresponding increase in Silver North shares, the company now has a market valuation of just over $11 million. That’s not quite as ridiculously undervalued as it was two weeks ago, but it remains extraordinarily cheap.