Silver Will 'Drastically Outperform Gold' In 2025, $73 Target Only The Start | Shawn Khunkhun

Watch on YouTube ↗  |  January 17, 2025 at 15:00  |  43:02  |  The David Lin Report
Speakers
Shawn Khunkhun — CEO, Dolly Varden Silver

Summary

Shawn Khunkhun, CEO of Dolly Varden Silver, remains wildly bullish on silver and gold, expecting silver to drastically outperform gold as the precious-metals bull market matures. He cites a multi-year silver supply deficit, rising industrial demand, physical-metal tightness, and underperformance in silver equities as evidence the cycle is in early innings. He also highlights scarce advanced silver developers as M&A targets and details Dolly Varden's high-grade resource, recent drill results, and disciplined development strategy.

  • Shawn Khunkhun is medium- and long-term bullish on silver and gold.
  • He sees silver as both monetary and industrial, with a structural supply deficit.
  • He expects silver to lag gold early then drastically outperform.
  • Physical silver premiums are rising on tariff fears ahead of the inauguration.
  • Junior silver equities like SILJ have lagged and could offer leverage.
  • Advanced silver developers are scarce M&A targets; Dolly Varden is one of five.
  • Dolly Varden has high-grade, near-surface mineralization and recent strong drill results.
  • The company plans aggressive drilling while staying lean and selective on M&A.
Ideas
Shawn Khunkhun CEO, Dolly Varden Silver 1:37
Wildly bullish silver; $73 initial target.
Medium/long-term wildly bullish on silver with a $73 initial target and higher long-term targets. Silver is both a monetary metal and an industrial metal; gold has priced out many retail investors while silver remains affordable. Industrial demand from solar, batteries, electrification, and weapons is rising against a structural supply deficit of about 250 million ounces per year for the last four years because most silver is a byproduct and primary silver mines are scarce. He has 50% of his portfolio in silver and expects investors to flock to silver for monetary characteristics while industry consumes about half of available supply.
SILVER HIGH
Shawn Khunkhun CEO, Dolly Varden Silver 1:53
Own gold for next two years.
Wildly bullish on gold and wants to own it for the next one to two years because of uncertainty from Trump-era protectionism, hot wars, currency wars, trade wars, and broader geopolitical conflict. Gold has already doubled in recent years and has performed well even with a strong dollar, and even better in non-USD terms such as Canadian dollars.
GLD HIGH
Shawn Khunkhun CEO, Dolly Varden Silver 5:21
Physical silver demand drives premiums higher.
Trump tariff fears are driving investors to get physical silver before the January 20 inauguration, causing unusual activity in UK vaults and anecdotal reports of strong retail demand. This is putting a greater bid under silver and pushing COMEX/spot premiums higher, which may be more than short-term noise if investors keep prioritizing physical metal.
SLV MED
Shawn Khunkhun CEO, Dolly Varden Silver 10:15
Buy junior silver equities early.
Silver equities, especially junior silver miners, have massively lagged silver. The ETF SILJ owns best-in-class junior silver equities and was up only about 6% in 2024 while silver gained about 20%; in a true precious-metals bull market it should rise about three times silver's move, or roughly 60%. This lag signals early innings and makes silver equities one of the next instruments to perform.
SILJ HIGH
Shawn Khunkhun CEO, Dolly Varden Silver 22:54
Favor Canadian silver mining jurisdiction.
Because primary silver deposits are concentrated in politically volatile jurisdictions such as Peru, Bolivia, Mexico, and Argentina, he prefers to focus on Canada, where safety and certainty justify a premium. He argues the Golden Triangle and Keno Hill districts host some of the world's richest silver deposits, and improving infrastructure is removing the remoteness that previously hindered development.
Canadian silver miners MED
Shawn Khunkhun CEO, Dolly Varden Silver 23:34
Scarce silver developers are M&A targets.
The silver producer universe has shrunk from 13 to 11 after recent M&A, so remaining producers will need to acquire growth. There are only five non-producing silver companies above a $200 million valuation, making them a scarce acquisition pipeline. He names Vizsla Silver in Mexico, Discovery Silver in Mexico, AbraSilver in Argentina, and New Pacific Metals in Bolivia, along with his own Dolly Varden in Canada, as the likely targets; he says they are all great companies and projects.
VZLA DSV.TO ABRA.TO NUAG.TO DV MED
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This The David Lin Report video, published January 17, 2025, features Shawn Khunkhun discussing SILVER, GLD, SLV, SILJ, Canadian silver miners, VZLA, DSV.TO, ABRA.TO, NUAG.TO, DV. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Shawn Khunkhun  · Tickers: SILVER, GLD, SLV, SILJ, Canadian silver miners, VZLA, DSV.TO, ABRA.TO, NUAG.TO, DV