The KE Report

Brian Leni & Dana Lyons - Silver Euphoria, Copper’s Next Leg & Market Risk Signals

Dec 6, 2025
Brian Leni, founder of the Junior Stock Review, highlights a contrarian roadmap for investors in the silver market, emphasizing selectivity and undervalued projects like Group 11. He remains bullish on copper, anticipating a strong performance in 2026. Dana Lyons, a fund manager and market analyst, offers a technical analysis, forecasting near-term consolidation for silver and bullish setups in copper. He cautiously discusses crypto's fragile status and updates on market risk signals, hinting at potential buy opportunities soon.
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ADVICE

Don’t Chase Silver Stocks Blindly

  • Do not buy junior miners solely because silver is rallying; focus on company fundamentals instead.
  • Brian Leni warns fundamentals like management, jurisdiction, dilution, and metallurgy matter more than metal price alone.
INSIGHT

Quality Projects Command Bigger Premiums

  • Quality projects are finally being rewarded with much higher per-ounce valuations in a bullish market.
  • Brian Leni uses Abra Silver as an example where jurisdiction clarity and staging toward construction lifted valuation.
ADVICE

Prefer Strong Teams Over Pure-Play Labels

  • Look for high-quality management and attractive commodity mixes rather than pure-play labels.
  • Brian Leni cites Group 11 as a polymetallic example where strong management and multi-metal hits can create upside.
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