Sean Brodrick – 2026 Strategies In Silver, Gold, Copper, Uranium, Oil, Drones, Rockets, and Robots
The KE Report Jan 9, 2026
Summary
Silver miners still lag the metal — Sean expects the catch-up as Q4 earnings reveal record margins on much higher silver prices.
End users may lock supply through off-take deals and even outright mine acquisitions in silver and copper.
Next-gen defense — drones, hypersonics, and AI-driven robots — is a multi-year supercycle funded by rising appropriations.
Critical minerals like antimony and germanium become a second-derivative play on the broader defense buildout.
Key points on Hecla Mining Company
- Sean argues Hecla has held up better than peers during the recent metals pullback, only falling back to its 20-day moving average.
- Sean notes Hecla is still in the top half of its Bollinger Band, with improving momentum indicators and an improving trend.
- Sean frames the current pullback in miners like Hecla as a buying opportunity ahead of the next leg higher.
Key points on Pan American Silver
- Sean argues Pan American Silver's profit margins have widened dramatically since silver moved from $50 to hovering around $80.
- Sean cites Pan American's recent chart showing margins expanding like the Grand Canyon once silver hit $50, implying even larger gains at $80.
- Sean expects Pan American's upcoming Q4 earnings to be records, well above Q3 averages, given the much higher realized silver price.
- Sean calls the pullback in silver miners like Pan American a buying opportunity, since the margin expansion will eventually pull the stock higher.
Key points on Silver Storm Mining
- Shad notes Samsung has partnered with Silver Storm on an off-take agreement as an example of manufacturers locking in silver supply.
Sean Brodrick's takeaways
- Top takeaway Sean argues silver miners have lagged despite silver near $80, and expects a catch-up rally once investors process the higher price level.
- Sean is bullish on silver long-term after a possible short-term top, citing five years of mine supply falling short of demand and ongoing stockpile drawdowns.
- Sean expects end-users such as solar and chemical manufacturers to start buying silver miners outright to lock in multi-year supply.
- Sean sees next-gen defense (drones, hypersonics, robots, rockets, quantum GPS) as a multi-year bull market as defense spending rises with geopolitical tension.
- Sean calls Canadian oil producers bargain basement after their Venezuela-related selloff and expects double-digit gains from current levels over the next year.
Shad Markwitz's takeaways
- Top takeaway Shad argues physical silver has been outperforming paper silver, pointing to backwardation and higher Shanghai prices versus COMEX.
- Shad frames end-user manufacturers increasingly moving to lock down silver supply as a positive for the silver mining sector.