This is a bullish interview on silver and Coeur? no—Cooney Silver / Kney Silver (TSX-V: KTN), with CEO Jim McDonald arguing the metal has entered a multi-year bull market and that the recent pullback is a consolidation, not a trend break. He says the fundamentals are unchanged, driven by fiat debasement, rising monetary demand, and growing industrial demand, and he expects the next leg up to exceed prior highs materially. The company-specific angle is that higher silver prices have made previously uneconomic assets economic, improved financing access, and pushed Kney from explorer toward developer status.
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David Lin frames the conversation around silver’s sharp rise, recent pullback, and whether the move can continue. Jim McDonald, CEO of Kney Silver, argues that silver is in a multi-year bull market and that the current pause is simply a consolidation after a dramatic breakout. He repeatedly says the fundamentals have not changed: gold’s breakout, currency debasement, industrial demand growth, and speculative participation are all still in place. His view is that silver has already shifted into a higher price regime and that future sideways trading bands will occur at much higher levels than in the last cycle. McDonald anchors his thesis in historical comparisons. He points to the 2000s precious-metals cycle, when silver rose from roughly $5 to above $50 and then settled into a much higher trading band afterward. …
Tactically, silver looks like a high-volatility continuation setup rather than a clean trend break, so the key question is whether the post-rally pullback becomes a base or a deeper retracement. Near-term upside in silver equities depends on spot stability and fresh drill/resource catalysts.
Over the next few months, the working view is that silver can reassert a higher trading range if institutional flows persist and industrial/monetary demand stays firm. For Kney, the setup improves if drilling expands ounces and the PEA transitions cleanly into deeper de-risking work.
Structurally, the interview argues that silver has re-rated into a higher regime because monetary debasement and industrial demand are both increasing. If that regime holds, juniors with real ounces and workable economics should command more strategic value and financing flexibility.
Silver's fundamentals — industrial demand plus monetary demand plus speculation — will drive it to $300.
Speaker reiterates a prior $300 silver price target based on growing industrial demand, monetary demand as a store of value, and speculative inflows all compounding.
At spot silver price (around $67/oz), the Los Aero project's after-tax NPV rises to $1.3 billion and IRR to 64%.
The speaker contrasts the PEA economics at $50 silver vs. the spot price on the day the release was put out, showing dramatic leverage.
When monetary demand and industrial demand for silver hit each other at the same time, you get explosive moves.
Speaker argues the concurrent surge in both monetary (investment) and industrial (solar, chips) demand for silver produces a price spike beyond what either driver alone would cause.
Why does silver have such huge swings up and down, unlike speculative assets like tech stocks or crypto?
Jim explains there's a lot of volatility from speculation piling on top of monetary demand and industrial demand. Silver has huge growing industrial demand, plus monetary demand, plus speculation — all layered together create explosive moves. The mining sector is very small relative to the broader stock market, so when generalist funds allocate even 1%, it drives massive price moves.
Who are the main actors that move the price in silver — retail investors, institutions, industry, refiners, or recyclers?
Jim says it's a combination of everything — Russia's central bank buying silver bullion, a lot of institutional buying over the last 10 months visible in how much money has flowed into juniors and miners, and generalist funds starting to move into the sector. The industry is so small that when major banks call for up to 30% weighting in bullion/precious metals, that's huge.
How would you describe any changes to the mining industry and your business now that silver is substantially higher?
Jim explains it makes some assets highly economic — their Lassera project PEA shows 14 years of mine production. For juniors, the key difference is access to capital. In the last 10 years they struggled to get enough capital to advance things; now companies have lots of money, mining companies are making profits and deploying that through buybacks and mergers, and Coeur can confidently advance their four deposits toward development.
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