Craig Hemke - Gold & Silver Markets: Q2 Mining Margins and Technical vs. Fundamental Drivers

Mining stocks are rallying while gold and silver prices remain flat, creating a divergence driven by broader market optimism and option expiration dynamics.

Despite weak short-term technical charts, mining fundamentals remain exceptionally strong with massive free cash flow generation and aggressive share buybacks.

Q2 mining margins will remain incredibly robust compared to historical averages, even if they don't break the consecutive records seen over the last year.