Happy Friday — and welcome to the long weekend! 🦍⛏️

Pour the double-double and settle in, because silver just crashed the party.

A soft U.S. jobs print took the wind out of the Fed's hike talk, the dollar slipped, and the metals ripped — silver hardest of all, snapping back over $61.

The TSX-V is open today while our friends south of the border start the Fourth of July early, so let's see who's still turning a drill.

What happened: Silver ripped roughly 3.9% to reclaim $61/oz, a sharp snap-back from seven-month lows, while gold tacked on about 2.3% to ~$4,125.

The trigger was a soft June U.S. jobs report, released a day early ahead of the July 4th holiday, that cooled bets on another Fed hike and knocked the dollar off its perch.

Why it happened: With the Fed's "higher-for-longer" story suddenly on shakier ground and the DXY slipping toward 101, the non-yielding metals got their mojo back.

Silver, beaten down to seven-month lows just days ago, snapped back hardest. That's silver's whole personality: it naps through the rally, then wakes up swinging and overshoots gold.

What it means for your position: A softer-dollar, softer-rate tape is rocket fuel for precious juniors, and silver's leverage cuts both ways.

If the job’s weakness sticks, the gold-to-silver ratio keeps compressing, and the silver developers get the biggest re-rate.

But one data point isn't a trend, the hawks will be right back if the next print runs hot, so enjoy the green candle without marrying it.

👉 See the tape

What happened: NovaRed Mining ($NRED.CSE ( ▼ 13.64% )) says its proprietary MetalCore AI platform chewed through roughly 19 assessment reports filed between 1968 and 2025, 38 regional geochem samples, past-production data and a regional aeromagnetic survey at its optioned Wilmac copper-gold project — 16,078 hectares in BC's Quesnel porphyry belt, about 10 km west of Hudbay's producing Copper Mountain mine — and spat out a prioritized target: it reaffirmed a copper-in-soil anomaly (max 1,125 ppm Cu on the North Lamont grid) and flagged a fresh platinum-group signal.

The So What: This is the shiny end of the AI-exploration wave, machines re-reading half a century of dusty assessment reports to paint a bullseye before a rig ever turns. Handy.

But keep the skeptic's hat on: MetalCore didn't find metal, it found a target, and the drill to test it isn't slated until Fall 2026, pending a permit transfer.

NovaRed has also ridden a monster promotional "AI-copper" run, so mind the gap between a computer's heat-map and an actual assay sheet.

👉 Read the full story

Gold Hart Copper (TSXV: HART) dropped results from hole DDHTOL01 at its Tolita gold-copper-moly-silver asset in Chile's red-hot Vicuña district — the same neighbourhood as the Filo del Sol and Los Azules monsters.

The headline: about 738 m of continuous mineralization in a hole punched to 1,053 m, with no barren intervals — the company's longest and deepest yet, which it says confirms "a fertile porphyry environment to a kilometre depth."

The skeptic's footnote: notice what's leading the release — interval length, not grade. 738 m of "mineralization" indicates the system is large and continuous; it doesn't yet tell you whether it's ore.

In porphyry country, tenor — the g/t gold and % copper — is everything, and the market will want the assays before it prices this as the next Vicuña elephant.

Watch for the DDHTOL01 grades and the pending DDHTOL04.

👉 See the core

Silver's ~3.9% pop was its sharpest one-day jump in months — and it out-ran gold's +2.3% by nearly two-to-one.

Classic silver: sleeps through the rally, then wakes up and lifts the whole room.

That's the tape.

Keep your grades high, your dilution low.

And if you're stateside, enjoy the long weekend.

See you Monday. 🦍