Toronto, January 15, 2026, 13:13 EST — Regular session
- Silverstock Metals (CSE:STK) last rose 20% to C$0.24 in thin trading
- Silver pulled back on Thursday after hitting a fresh record earlier this week
- Investors are watching Fed policy signals and the next data prints that can move the dollar and metals
Silverstock Metals shares were last up 20% at C$0.24 on Thursday, extending a sharp run that has followed silver’s lurch toward record highs. TradingView data showed the move over the past 24 hours. (TradingView)
The jump matters because small, thinly traded “silver stocks” often act like a lever on the metal: when the commodity moves fast, money tends to chase anything with “silver” exposure in the name or story. That can cut both ways.
Silver itself has been hard to pin down. Spot silver — the price for immediate delivery — slid 2.4% to $90.56 an ounce after hitting an all-time high of $93.57 earlier in the session, a Reuters report showed. Peter Grant, vice president and senior metals strategist at Zaner Metals, said recent U.S. data had pushed the dollar higher and “that’s providing a bit of a headwind for gold,” with spillover into the complex. (Reuters)
A day earlier, the metal had been moving the other direction. Spot silver was up 5.2% at $91.46 after scaling a record $92.23, as investors leaned into safe-haven trades and rate-cut expectations, Reuters reported. “All roads are leading to gold and silver,” said Alex Ebkarian, COO at Allegiance Gold, adding that his short-term forecast for silver was “between $100 to $144.” (Reuters)
The surge has also forced some traders to back away. TD Securities said in a model-portfolio update it closed a short silver position — a bet prices will fall — after silver hit its exit level at $93.15 an ounce, resulting in a theoretical loss of about $606,000. The note pointed to strong investment demand, refining bottlenecks and a “structural market deficit” as drivers behind the rally. (Mining)
Silverstock is a micro-cap explorer rather than a producer. The company is focused on its Gold Cutter Property in British Columbia, made up of two contiguous mineral claims totaling about 1,821 hectares, the Canadian Securities Exchange says. (Canadian Securities Exchange)
Analysts have warned that the same forces pushing metals higher can snap back quickly. “Real assets come to the fore in the kind of environment we’re looking at,” independent precious metals analyst Ross Norman wrote this week, while HSBC flagged a wide trading range for silver and cautioned that a correction could still arrive after big gains. (Reuters)
But the risk for Silverstock holders is straightforward: if silver’s pullback accelerates — or if broader risk appetite fades — small explorers can drop faster than the metal, and sometimes without much liquidity on the way down. Funding and exploration timelines can matter more than a single day’s move.
The next market test is policy. The Federal Reserve’s next meeting runs January 27-28, with traders recalibrating rate-cut bets that have helped underpin precious metals. (Federal Reserve)
In Canada, the Bank of Canada’s next rate decision is also due January 28, a date that could move the Canadian dollar and add another variable for commodity-linked names. (Bankofcanada)
