Mining Stock Daily Why Jared Dillian is Watching the Move in Silver as it Inches towards $50
11 snips
Sep 29, 2025 
Jared Dillian, founder of The Daily Dirtnap and market commentator, dives into the precious metals landscape. He highlights gold's surge, driven by central bank interest rather than retail. As silver nears the $50 mark, he suggests a potential pullback towards $40 could be in store. Dillian also discusses the strength of platinum and palladium, his cautious approach to positioning in precious metals, and a cautiously optimistic outlook for stocks. Plus, he shares insights on South American equities amid political challenges.
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Institutional Bid Behind Gold Rally
- Jared argues current gold demand is driven by central banks and institutions rather than retail frenzy.
- He treats the move as a structural breakout and prefers to hold rather than trade it.
Not A 2011-Style Gold Mania
- Jared contrasts the 2011 gold mania with today's market lacking retail froth and parties.
- He likens the current phase to early-stage bull markets with many doubters similar to 2013-2014 stocks.
Sell Around $49, Buy The $40 Pullback
- Consider selling silver if it reaches about $49 because a demarcation and resistance are near $50.
- Plan to buy the anticipated pullback around $40–$42 for the next major leg higher.