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Adam Sharp: China's silver chokehold
By Adam Sharp
Daily Reckoning, Baltimore
Friday, January 2, 2026
Look at that. We log off for a few days and absolute chaos breaks out in silver.
On Sunday, December 28, silver briefly traded over $83 per ounce here in the U.S. It's currently trading at $72.67. That's up sharply from $29 at the beginning of 2025.
... Dispatch continues below ...
... ADVERTISEMENT ...
Blue Lagoon Sells to Ocean Partners Nearly C$1 Million
of Gold and Silver from Dome Mountain's Initial Production
Company Announcement
Tuesday, December 30, 2025
VANCOUVER, British Columbia, Canada -- Blue Lagoon Resources Inc. (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) has made its first sale of gold and silver to Ocean Partners UK Ltd. from the Dome Mountain mineralized material that was delivered this month to the company's milling partner, Nicola Mining Inc., for processing.
The company expects to receive C$970,000 in connection with this delivery, representing its first sale related to production from Dome Mountain.
The payment represents an advance on the first shipment of approximately 1,000 tonnes of mineralized material delivered to Nicola, as processing has not yet occurred due to scheduled mill maintenance. ...
... For the remainder of the announcement:
https://bluelagoonresources.com/wp-content/uploads/2025/12/Blue-Lagoon-Resources_Dec-30.pdf
What a crazy few weeks to end the year for precious metal bugs.
Today we're going to look at what happened with silver, and explain why the bullish case is stronger than ever.
China is the second-largest silver miner behind Mexico. It accounts for about 13% of annual mine supply.
But China refines an estimated 45% of global silver production. They import silver ore and concentrate from all over the world, and use their massive refining capacity to turn it into 99.999% pure silver.
China is also the world's largest consumer of silver. Their solar industry alone gobbles up nearly 15% of annual production.
And now the Chinese government is locking down their silver supply. As of January 1, Chinese companies looking to export silver now require a license. ...
... For the remainder of the commentary:
https://dailyreckoning.com/silver-mania-begins/
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