Ryan Stancil,
Editor
Dec. 8, 2025
Commodity Callout
The metals bull market hit another gear last week with silver breaking to all-time highs near $60 and gold nearly tagging $4,300 before both easing slightly.
Metal Price Update
Gold — Gold held its momentum throughout the week, starting within striking distance of $4,300 per ounce before settling around $4,270. Even with some slight profit taking, the yellow metal showed remarkable resilience supported by renewed expectations of a rate cut and ongoing macro uncertainty.
Silver — Silver posted an exceptional performance, pushing to a new all-time high of $59.65 an ounce on December 3. The metal retreated to $57 before regaining traction to roughly $59 by week’s end. The spirited move highlights just how sensitive the market has become to shifting economic data and how quickly silver can outpace even gold’s ascension when conditions align.
Copper — Copper saw modest upward movement, beginning the week around $5.25 per pound and ending around $5.45, which is not too far off all-time highs just below $6. With expectations of tighter supply ahead and a softer dollar, buyers remain eager, keeping the metal well bid.
Lithium Carbonate — Lithium remained rangebound last week, orbiting around a $13,300-per-metric-ton price. Demand for EVs and battery storage is still strong, and the fact that lithium managed to hold within a certain range while other commodities saw more movement caused by profit taking shows that it's an investment that has some stability and long-term prospects.
Uranium — Uranium continued to trade in a tight band, holding near $76 per pound through the week. While it may take a sector-wide catalyst to push prices decisively higher, the steady price action underscores sustained underlying demand.
Company Callout
With lithium carbonate prices establishing what looks to be a new floor around $13,000 per metric ton, Q2 Metals Corp. (TSX-V: QTWO)(OTC: QUEXF) is emerging as one to watch in the North American space.
The company just hit a spectacular drill-hit of 457.4 meters at 1.65% lithium oxide in Hole-44 as part of its ongoing drill program at the flagship Cisco project in James Bay, Quebec. Shares are currently in a steep upward trend. Of course, this is the same mining district that saw PMET run all the way to C$17 per share. Both companies have a lot of runway ahead, particularly as lithium continues to regain its footing after a prolonged slump.
Commenting on the drill-hit, Q2 Metals VP Exploration Neil McCallum said, “The standout result from our drilling to date has clearly been drill hole 44. Not only did hole 44 have extraordinary width and grade, but it has significant intervals occurring outside the previously defined bounds of the mineralized zone defined by the exploration target…”
With four rigs turning, the program is aimed at delivering an initial Inferred Mineral Resource estimate in the first quarter of 2026.
Gerardo Del Real of Junior Resource Monthly says, “This is a classic example of knowing what you own. Shares have a 52-week low of C$0.39 when I was begging you to buy more. Here we are less than a year later and those same shares have tripled.”
Like I said, with four rigs turning and the market liking what it’s seeing thus far, there’s certainly plenty of room to run further… and you can learn more about that and much more in the pages of Junior Resource Monthly.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest