Silver took the gold medal in 2025, more than doubling its price.

So, what drove silver to over $80 an ounce last week? In this episode of the Midweek Memo podcast, host Mike Maharrey takes a deep dive into the dynamics of the silver market, explaining that while there are many factors at play, one fundamental reality underpins it - there isn't enough metal.

This dynamic has resulted in a significant silver squeeze, driving prices higher with significant volatility.

In this episode, Mike also offers some advice as you contemplate your New Year's resolutions.

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