‘Early Stages Of This Rally’: How High Can Silver Climb? | Ken Berry

Watch on YouTube ↗  |  October 03, 2025 at 00:00  |  22:10  |  The David Lin Report
Speakers
Ken Berry — Co-founder and Chairman, Kootenay Silver

Summary

Ken Berry, co-founder and chairman of Kootenay Silver, discusses why he believes silver is in the early stages of a major bull market, with prices around $41/oz and retail investors not yet positioned. He outlines Kootenay's Mexico projects, including the 54 million ounce Colomba resource, a fully funded 50,000-meter drill program, and a goal to reach or exceed 100 million ounces. Berry also describes a favorable but early M&A environment and argues that currency devaluation and wealth-preservation demand should support precious metals.

  • Ken Berry says silver is in the early innings of a major rally near $41/oz.
  • He sees room to run because retail investors have not yet positioned.
  • Industrial, medical, electronics, and wealth-preservation demand support silver.
  • Kootenay Silver holds 325 million silver-equivalent ounces in Mexico.
  • Colomba has a 54 million ounce resource and a funded 50,000-meter drill program.
  • Kootenay aims for 100 million-plus ounces and sees potential re-rating or M&A interest.
  • Berry says M&A activity and the metals cycle are still in early stages.
  • Mexico is described as favorable for silver mining, especially in Chihuahua.
Ideas
Ken Berry Co-founder and Chairman, Kootenay Silver 0:03
Silver remains in early-stage bull market
Ken Berry believes silver is in the early innings of a major bull market. With silver around $41/oz, he says the investment community is paying attention, but retail investors have not yet positioned, which leaves room to run. He cites currency devaluation, wealth-preservation demand, and industrial, medical, and electronics uses as reasons silver can go much higher. He expects possible pullbacks but sees a new, higher price level being established.
Ken Berry Co-founder and Chairman, Kootenay Silver 0:03
Gold benefits from currency devaluation
Ken Berry pairs gold with silver as one of the two areas the marketplace will start to wake up to. He argues currency devaluation and wealth-preservation demand make the macro backdrop bullish for gold, even though the broader economy could face more disappointment.
Ken Berry Co-founder and Chairman, Kootenay Silver 2:36
Kootenay Silver undervalued with expanding resources
Ken Berry sees Kootenay Silver as undervalued relative to its 325 million silver-equivalent ounces, including over 200 million pure silver ounces, versus a roughly $80 million market cap. The company is fully funded with about $19 million cash plus $7.5 million in in-the-money warrants for a 50,000-meter drill program at Colomba, where it already defined a 54 million ounce resource and sees potential to reach or exceed 100 million ounces. He expects resource updates, eventual PEA/feasibility work, and possible M&A interest from majors to drive a re-rating and add per-share value.
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Speakers: Ken Berry  · Tickers: SILVER, GLD, KTN.V