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An Iranian refugee held at gunpoint at school before fleeing Iran during the 1979 revolution is calling for hope, democracy and prayers for his homeland as the U.S. joins Israel in targeting Iran’s ruling clerical regime.

David Nasser, now an American pastor, spoke to Fox News Digital six days after Operation Epic Fury was launched in Iran — an event that reignited haunting memories for him and of the time when he was 9 years old.

‘As a child, my family and I were forced to escape Iran and run for our lives,’ Nasser, President and CEO of David Nasser Outreach recalled.

‘We found safe harbor as refugees granted political asylum here in the United States,’ Nasser said, before describing how his father had been a high-ranking officer in Iran’s military, meaning ‘his family became targets as the government collapsed.’

‘One of my most vivid memories of realizing that nothing was ever going to be the same again was at a school assembly on a military base – a soldier called out three names and mine was called first,’ he said.

‘When I got to the front, the soldier dropped a piece of paper, took a gun out of his holster and put it to my head and quoted the Quran. He told me that he was sent to make an example out of me,’ Nasser added.

The principal intervened, but the message he relayed was unmistakable. Nasser recalled.

‘They’re killing everybody who’s anybody. They’re trying to make an example out of people like our family, and they’re using fear,’ he remembered hearing at the time.

‘That’s one of my first memories of the revolution, but really just being completely scared for my life.’

Soon after, Nasser’s family devised an escape plan. They would pretend Nasser’s mother needed emergency heart surgery in Switzerland and buy round-trip tickets to avoid raising suspicion.

‘We bought round-trip airline tickets, like we were going and coming back, but we weren’t coming back. We were running for our lives,’ he said.

At the airport, Nasser remembers gripping his father’s hand tightly and hearing words he will never forget.

”If they find out we’re escaping, they’re going to kill us right here on the spot,” my father said as his hands shook, holding mine, he said. ‘The last time I was in Iran, I was a 9-year-old little boy running for my life,’ he said.

Now, watching events unfold in Iran from the safety of the U.S., Nasser said his heart remains with millions of desperate Iranians facing uncertainty.

‘We see them — I see them, I hear them. My heart is beating really fast for them right now, with hope and with prayers for their protection and their provision,’ Nasser said.

‘Protection. I’m praying for protection for them. I want to be a part of the provision for them. If Iran transitions from a theocracy to a democracy,’ he said, ‘I want to help rebuild.’

‘If this moment actually comes, and they go from a theocracy to a democracy, I want to be a part of the solution — for that 9-year-old little boy that I once was. I want to do this for him.’

Beyond political change, Nasser, who is also Teaching Pastor at New Vision Baptist Church, said he takes solace in what he describes as spiritual transformation already underway, calling it ‘the fastest-growing church in the world right now, or the underground church in Iran.’

‘We know there’s at minimum 4 million, at maximum 8 million Christians right now in Iran,’ he said.

‘In Iran, if you convert from Islam to Christianity, that can be a death sentence. If they come into your home and you’re gathering for Christian worship, they will take your home title, you will lose your home.’

‘They’re in prison. They’re being tortured. They’re being ridiculed. They’re being mocked,’ he added.

‘Above all, I came to America, and it was a land of opportunity, and I was given the gift of democracy, so I would love to see democracy in Iran, where all the boys and girls are afforded what I was afforded when I managed to escape.’

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Sranan Gold Corp. (CSE: SRAN,OTC:SRANF) (OTCQB: SRANF) (‘Sranan’ or the ‘Company’) continues to work towards the filing of its annual audited financial statements, management’s discussion and analysis, and CEO and CFO certifications for the fiscal year ended September 30, 2025 (the ‘Required Filings’). The Company has obtained approval from the Alberta Securities Commission to extend the Management Cease Trade Order (‘MCTO’) under National Policy 12-203 Management Cease Trade Orders (‘NP 12-203’) until March 15, 2026.

The additional delay in filing is attributable to the timing of certain outstanding third-party confirmations, including from an international vendor and the Company’s bank in Suriname, which were received later than anticipated. As a result, completion of the audit was deferred by approximately one week. The audit is now in its final stages, with only minor outstanding items remaining. Sranan remains in ongoing communication with its auditor to confirm any remaining documentation requirements and has committed to providing any outstanding materials promptly upon request. Sranan anticipates that the Required Filings will be completed on or before March 13, 2026. The interim first-quarter financial statements are expected to be filed within 48 hours thereafter, and in any event no later than March 15, 2026.

The Required Filings were due to be filed by January 28, 2026. In connection with the anticipated delays in making the Required Filings, the Company made an application for a Management Cease Trade Order (‘MCTO‘) under National Policy 12-203 Management Cease Trade Orders (‘NP 12-203‘) to the Alberta Securities Commission, as principal regulator for the Company, and the MCTO was issued on January 29, 2026. The MCTO restricts all trading by the Company’s CEO and CFO in securities of the Company, whether direct or indirect. The issuance of the MCTO does not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.

Both the Company and its auditors are working diligently towards the completion and filing of the Required Filings, and the Company will provide additional updates.

The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release until it meets the Required Filings requirement. The Company has not taken any steps towards any insolvency proceeding and the Company has no material information relating to its affairs that has not been generally disclosed.

For further information with respect to the MCTO, please refer to the Company’s news releases dated January 21, 2026, February 4, 2026, and February 18, 2026, available for viewing on the Company’s SEDAR+ profile at www.sedarplus.ca.

About Sranan Gold
Sranan is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The Company’s flagship Tapanahony Project covers 29,000 hectares in one of Suriname’s most prolific artisanal gold mining districts and Sranan recently announced the acquisition of the 18,468-hectare Lawatino Project situated in southeastern Suriname along the Central Guiana Shear Zone.

For more information, please visit http://www.sranangold.com.

For further information, please contact:
Oscar Louzada, CEO
+31 6 25438975

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

Forward-looking statements
Certain statements made and information contained herein may constitute ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to Sranan and there is no assurance that the actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as ‘anticipates,’ ‘believes,’ ‘targets,’ ‘estimates,’ ‘plans,’ ‘expects,’ ‘may,’ ‘will,’ ‘could’ or ‘would.’

This news release contains forward-looking statements, including, but not limited to, statements regarding management’s expectations about obtaining the MCTO and completing the Required Filings within the anticipated timeline. Forward-looking statements are subject to various risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such statements. Sranan does not undertake any obligation to update forward-looking statements or information, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286289

News Provided by TMX Newsfile via QuoteMedia

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GOP Rep. Pat Fallon blasted Minnesota Gov. Tim Walz in a heated fraud hearing on Wednesday in an exchange that was quickly amplified by conservatives on social media. 

‘It’s been widely reported that in 2008, when Barack Obama was choosing his vice presidential candidate, he had three criteria. He wanted to make sure he picked someone that wasn’t as smart as him and had less talent and charisma and couldn’t possibly outshine him, so he picked Joe Biden,’ Fallon said in the House Oversight Committee hearing. 

‘And then Joe Biden in 2020 used the exact same criteria,’ Fallon continued. ‘He wanted to make sure he picked somebody that wasn’t as smart as him, had less talent and charisma, and wouldn’t outshine him, and he picked Kamala Harris.’

Fallon went on to say that in 2024, ‘I think it’s very evident why Kamala Harris picked you.’

Walz appeared to take the criticism in stride as he laughed and responded with, ‘I wouldn’t know, Congressman.’

‘The talent pool isn’t just shallow, brother, we have hit the shore,’ Fallon said before ending his questioning. 

The clip immediately made waves on social media, particularly from conservatives.

‘Tim Walz just got SCORCHED,’ conservative commentator Nick Sortor posted on X. 

Conservative influencer account Libs of TikTok called the exchange ‘one of the most INCREDIBLE OWNS in American politics.’

‘Rep. Pat Fallon torches Tim Walz,’ Brandon Straka, the founder of the #walkaway campaign, posted on X.

Much has been made in media reports and books in recent months about what went into Harris’s decision to name Tim Walz as her running mate instead of other candidates, particularly Pennsylvania Gov. Josh Shapiro.

Ultimately, according to the book ‘2024: How Trump Retook the White House and the Democrats Lost America,’ Harris ‘went with her gut’ and chose Walz believing he was the ‘better fit’ in a decision her staff was ‘unanimously behind.’

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Senate Republicans closed ranks Wednesday, handing President Donald Trump a win on his use of force in Iran, despite lingering questions about America’s involvement in the Middle East.

The Senate shot down a resolution from Sen. Tim Kaine, D-Va., aimed at limiting Trump’s military actions in Iran on Wednesday, following days of speculation about whether Republicans would cross the aisle — as they have done before — to reprimand the president.

The administration pushed hard to lobby support for Operation Epic Fury, holding several briefings with Congress to make its case. It appeared to work, at least for now, convincing some Republicans on the fence to back continued military action in Iran.

Only Sen. Rand Paul, R-Ky., voted in favor of the resolution, while Sen. Jon Fetterman, D-Pa., was the lone Democrat to cross the aisle in support.

Democrats argued that Trump’s actions were another instance of him disregarding Congress’ authority to use military force, that they lacked a clear strategy going forward and, further, that they were yet another campaign promise he had broken.

‘It’s time for the president to keep promises, not break them,’ Kaine said ahead of the vote. ‘That’s why I’m so glad that we’re going to put everybody on the record … Nobody gets to hide and give the president an easy pass or an end run around the Constitution.’

Democrats also seized on the administration’s refusal to rule out sending U.S. troops into Iran.

‘They refuse to take off the table the insertion of ground troops,’ said Sen. Chris Murphy, D-Conn., warning the conflict could expand beyond air and naval operations. ‘This is going to make the operations in Libya look like child’s play.’

Sen. Josh Hawley, R-Mo., who previously supported a resolution to rein in Trump’s war powers in Venezuela, said he would oppose the latest effort.

But like last time, he said a ground operation would require congressional approval.

‘I’ve always said that committing ground troops would be something I think would require immediate congressional authorization, but that doesn’t appear to be on the immediate horizon,’ Hawley said.

Senate Minority Leader Chuck Schumer, D-N.Y., argued that the goalposts kept moving for the administration, which he said was a clear sign that ‘a strategy is missing.’

Republicans countered that the president acted within his constitutional authority as commander in chief. Sen. Lindsey Graham, R-S.C., called the War Powers Act ‘an unconstitutional shift of authority from the president,’ arguing Congress retains the ability to restrict funding if it disagrees with military action.

‘We don’t need 535 commanders in chief,’ said Sen. Markwayne Mullin, R-Okla., arguing against the legislation.

There was also fatigue among some in the GOP over Kaine’s repeated efforts to reassert congressional authority in conflicts.

Republicans privately huddled Tuesday to discuss the strikes and the upcoming war powers vote ahead of their briefing with Secretary of State Marco Rubio, CIA Director John Ratcliffe, Joint Chiefs of Staff Chair Gen. Dan ‘Raizin’ Caine and Secretary of War Pete Hegseth.

A source familiar with the closed-door discussion told Fox News Digital that Republicans who may have been swayed were frustrated with Kaine’s repeated use of the Senate floor to push resolutions limiting Trump’s war authorities.

Senate Majority Whip John Barrasso, R-Wyo., noted that it was Kaine’s fifth resolution to rein in Trump’s war powers since he returned to office last year, which accounts for nearly half of all war powers resolutions put forward in U.S. history.

‘These resolutions have been used only 11 times in 50 years,’ Barrasso said. ‘The senator from Virginia alone accounts for nearly half of them. Yet Senator Kaine introduced zero war powers resolutions when Barack Obama and Joe Biden were president.’

Rubio told reporters after a briefing with every senator on Tuesday that the administration had complied with the War Powers Act, though it believes the law is unconstitutional and noted that congressional leaders had been notified ahead of the strikes.

Rubio had previously suggested that the U.S. carried out Operation Epic Fury after it became clear that Israel intended to strike Iran first, a point he later walked back.

‘If you tell the President of the United States that if we don’t go first, we’re going to have more people killed and more people injured, the president is going to go first,’ Rubio said. ‘That’s what he did. That’s what the president will always do.’

Meanwhile, U.S. forces have now struck more than 2,000 targets in Iran, largely focusing on taking out the regime’s air defenses and missile capacity. Six U.S. service members have been killed in the operation, as have nearly 50 top Iranian leaders.

The Iranian government claims at least 1,045 people have been killed throughout Iran during the operation.

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As U.S. and Israeli air forces continue to attack Iran’s leadership and facilities with devastating military strikes, there are intense discussions unfolding about who will rule the country if the regime falls.

One of the biggest questions being asked by Iran experts is whether the fragmented opposition groups can come together and unite in defeating the regime.

Lawdan Bazargan, anIranian political and human rights activist who was imprisoned by the regime for her dissident activities in the 1980s, told Fox News Digital there is a dangerous precedent for a total unified opposition. 

Unity cannot mean everyone stands under my flag,’ she said. 

‘That model failed Iran once before. In 1979, one figure [Ayatollah Ruhollah Khomeini] absorbed moral authority while claiming he wasn’t seeking office and ended up consolidating absolute power. It’s also not fair to automatically position someone who has not lived in Iran for decades as the interim authority of over 90 million people. That fuels more mistrust, not less.’

She also warned about the need to avoid a Venezuela situation in which Nicolás Maduro was replaced by his devotee, Delcy Rodríguez.

Mariam Memarsadeghi, a senior fellow at The Macdonald-Laurier Institute and founder and director of the Cyrus Forum for Iran’s Future, told Fox News Digital, ‘When it comes to helping unite opposition forces, the crown prince [Reza Pahlavi] has the most responsibility because he is leading. It is to everyone’s advantage for him to build true alliances and real cooperation.

‘He can start through reconciliation with prominent figures who once were in collaboration with him before spoilers in his own ranks were propelled by regime manipulation and infiltration to turn on others. It will be tempting to think that, because he is popular, he does not need others. But there is much hard work ahead.’

Reza Farnood, a researcher, writer and activist, told Fox News Digital, ‘In 48 years of activism and struggle, I have never experienced such broad unity and alignment. Even those who for years held firmly leftist views and were staunch opponents of the Shah and the Pahlavi family are now openly supporting the prince. Inside Iran, people are openly and courageously chanting his name.’

Yet others remain skeptical of Pahlavi. 

‘Unfortunately, the Iranian opposition is more divided than ever,’ Alireza Nader, an Iran expert, said. ‘And I blame much of it on Reza Pahlavi and his team. Take the announcement of the formation of the new Kurdish Iranian coalition. Pahlavi attacked the coalition as soon as it was formed, labeling them as ‘separatists.’ 

‘But then Pahlavi had to walk back his statement after he found out that President Trump had called Kurdish leaders, an important development.’

Nader added, ‘The Kurds are very organized and capable. And they are armed. Anyone who wants to free Iran has to work with them. The regime is a deeply entrenched system in Iran. It’s an ideology and belief system that will not be uprooted with air strikes. And the regime has been preparing for this moment for decades. The individual leaders may not matter as much as the system.’

Yet while many voices claim Pahlavi should be the rightful successor to bring democracy to Iran, others point to the influential Mojahedin-e-Khalq (MEK), the Iranian exile organization that has attracted supporters like former Secretary of State Mike Pompeo and former New York City Mayor Rudy Giuliani.

The group was reportedly the first to highlight Iran’s nuclear weapons ambitions and regularly posts videos on its social media showing its active units operating against the regime. A post on X dated March 3 shows attacks against regime targets.

‘Resistance Units step up anti-regime activities nationwide,’ it said, adding that there have been 30 operations in 15 cities, including Tehran, in recent days.

Its Paris-based leader, Maryam Rajavi, says she supports a secular provisional government. Ali Safavi, an official with the Foreign Affairs Committee of the Paris-based National Council of Resistance of Iran (NCRI), told Fox News Digital, the organization ‘has consistently argued that unity must be built on principles — republicanism, popular sovereignty, human rights and the separation of religion and state — rather than on personalities or nostalgia for past systems.’

The NCRI is the umbrella organization for groups that fall under MEK.

Andrew Ghalili, the policy director for the National Union for Democracy in Iran (NUFDI), defended Pahlavi’s standing, saying, ‘There is no figure within the Islamic Republic who has legitimacy with the Iranian people or who would be a credible partner for the U.S.

‘As for opposition unity, the pro-democracy opposition is more united than it gets credit for. At the Munich Security Conference in 2025, a broad coalition came together around Crown Prince Reza Pahlavi and four core principles for democratic transition. That includes monarchists, republicans, human rights advocates, ethnic minority representatives — all committed to a democratic, territorially intact Iran.’

Ghalili claimed, ‘When people say the opposition is ‘fractured,’ they’re usually lumping in groups like the MEK, which is universally reviled inside Iran and has no democratic credentials or aspirations, or separatist movements that don’t reflect what Iranians, including ethnic minorities, actually want. The real pro-democracy opposition is already uniting. The world, and international media, should recognize it.’

‘If the West truly wants stability and not a Venezuela-style managed authoritarian transition, it should not anoint personalities,’ Bazargan warned. ‘It should push for a structured transition that guarantees free and fair elections within 12 months, with distributed authority and real safeguards against concentration of power. 

‘Iran does not need another supreme figure, even a secular one. It needs an accountable transitional framework, so every Iranian feels they have a stake in their future. Without that, fragmentation will continue, and fragmentation only helps the regime survive.’

Her warning was echoed by Memarsadeghi, who said, ‘The Iranian people will not trust in any process that leaves in power any vestige of the regime that massacred them.’

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A multi-million-dollar U.S. Navy torpedo detonated underneath an Iranian warship in a nighttime submarine strike off Sri Lanka’s southern coast — an attack, War Secretary Pete Hegseth said Wednesday in a Pentagon update, was the first of its kind since World War II.

The weapon, identified as a Mark 48 Advanced Capability (ADCAP) torpedo, underscored the scale of force used, and signaled to Tehran that ‘the gloves really are off,’ according to a former U.S. submarine commander.

‘The Mark 48 is one of the most lethal anti-ship weapons in the U.S. inventory,’ Thomas Shugart, an adjunct senior fellow at the Center for a New American Security, told Fox News Digital.

The torpedo carries a 650-pound warhead and is designed not to strike a ship directly, Shugart said, but to detonate beneath it, creating a massive vapor bubble that breaks the vessel’s back and splits it in half.

‘This torpedo detonated underneath the stern of the Iranian ship and lifted it up out of the water, and so it sank in a matter of minutes,’ he added.

The torpedo costs approximately $4.2 million per unit, according to recent data, with Shugart likening the strike to rare submarine attacks in modern naval history.

In addition to World War II, he pointed to the 1982 Falklands War as one example of a submarine-launched torpedo sinking a major surface combatant.

‘This was the second time ever that a nuclear-powered submarine has fired a torpedo and sunk a ship,’ Shugart said.

‘The only other time that happened was a British submarine called HMS Conqueror, which similarly sank an Argentine cruiser, the General Belgrano, during the Falklands War in 1982,’ he added.

The naval submarine operation, he said, would have involved increased surveillance, forward naval deployments and targeted actions designed to demonstrate U.S. maritime dominance.

‘It definitely seems to me like a message that the gloves really are off,’ Shugart added.

‘An American submarine sank an Iranian warship that thought it was safe in international waters,’ Hegseth told reporters at the Wednesday briefing.

Hesgeth described the strike as ‘a quiet death,’ adding that it marked the first sinking of an enemy ship by torpedo since World War II.

‘The U.S. Navy submarines are very highly mobile, very, very quiet, and our crews are extremely well-trained,’ Shugart explained. ‘This was not a challenge for a U.S. Navy submarine to fire a torpedo.’

‘To hunt down and sink an Iranian ship like that is not — that’s not a challenging task for a U.S. nuclear-powered submarine,’ he said.

The targeted vessel, identified as the IRIS Dena, was the newest frigate in Iran’s naval fleet and was equipped with surface-to-air missiles, anti-ship missiles, torpedo launchers and other heavy weaponry.

According to Sri Lanka’s Foreign Affairs Minister Vijitha Herath, the country’s coast guard received a distress call at 5:08 a.m. local time Wednesday from the Iranian vessel reporting an explosion.

‘I’m not sure Iran has any operational submarines anymore, but if they were operational, their biggest submarines would be at least 20 or 30 years old,’ Shugart said.

‘They would be ex-Russian diesel-electric submarines, so they’re not nuclear-powered like the U.S. ones, with satellite communications and unlimited mobility.’

‘The U.S. submarines can operate at high speed for as long as they want with unlimited endurance, other than the food on board. They carry the most advanced weapons, the most advanced sensors.’

‘This strike sent a message that if there are any Iranian warships left or any Iranian government-owned ships, they should expect no mercy,’ he added.

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A House Democrat with a background in physics is sounding the alarm over what he views as a lack of a plan to deal with Iran’s nuclear sites during the U.S. offensive campaign.

After a classified briefing Tuesday with top administration officials, Rep. Bill Foster, D-Ill., said lawmakers were not presented with a clear plan to secure or neutralize Iran’s stockpile of enriched uranium.

‘We have heard that they never had a plan for that nuclear stockpile of enriched uranium — to destroy that, to seize it or to put it under international inspection,’ he said.

The U.S. intervention was publicly justifiedby the Trump administration as a necessary step to stop Iran from developing a nuclear weapon. 

U.S. forces have struck more than 1,700 targets across Iran, including ballistic missile launch sites, air defenses, naval assets and command centers. Core nuclear facilities, however, have not been among the primary targets.

‘Until that happens, Iran will be very, very close to making — as many observers have pointed out in a nonclassified situation — Iran can use that material to make a handful of Hiroshima-style nuclear devices,’ Foster told Fox News Digital. ‘Not the sort you can put on a missile, but the sort you can deliver by a number of other ways and are very hard to stop.’ 

Foster was referring to Iran’s stockpile of highly enriched uranium, material that, if weaponized, could be used to build a nuclear explosive device.

Experts note that building a compact warhead that fits on a ballistic missile is technically complex and requires advanced engineering. But a simpler, larger nuclear device — similar in basic concept to the bomb the U.S. dropped on Hiroshima, Japan, in 1945 — would not need to be miniaturized to fit on a missile. Such a device could not be delivered by long-range rocket but could theoretically be transported by other means.

Foster argued that containing Iran’s nuclear materials, most of which are buried deep underground, would likely require U.S. forces to enter Iran.

Recent satellite imagery shows damage to support buildings and access points at Iran’s Natanz enrichment site, though the deepest underground infrastructure at key nuclear facilities has not been confirmed as a primary target in the current campaign.

U.S. and international officials previously have acknowledged that while strikes can damage enrichment infrastructure, stockpiled enriched uranium stored underground may remain intact and potentially retrievable unless physically secured or removed.

‘You have to go in there with boots on the ground and grab a bunch of equipment,’ Foster said. ‘You have to go underground into those facilities and lose a lot of soldiers’ lives doing that.

‘They’re unwilling to do that, or they’ve decided not to or they’ve decided it’s impossible. In any case, they did not present to us any plan that would actually get the material under control.’

Without securing the nuclear material, he argued, military operations may push Iran closer to a nuclear weapon than diplomatic negotiations would have.

‘The only positive thing about the ayatollah is that he had a fatwa against building nuclear weapons,’ Foster said. ‘Who knows what the next generation of ayatollahs are going to feel? They’re going to be under a lot of pressure from the IRGC, which was not so much against having a nuclear weapon.’

Ayatollah Ali Khamenei, who was killed in the joint U.S.-Israeli operations, had previously issued a fatwa, a religious edict, opposing the pursuit of nuclear weapons. Analysts have long debated how binding or durable that ruling was.

At a White House briefing Wednesday, press secretary Karoline Leavitt said the administration believes Iran ‘wanted to build nuclear weapons to use against Americans and our allies,’ framing the strikes as necessary to prevent Tehran from advancing its nuclear ambitions.

‘The US military has more than enough munitions, ammo, and weapons stockpiles to achieve the goals of Operation Epic Fury laid out by President Trump — and beyond. Nevertheless, President Trump has always been intensely focused on strengthen our Armed Forces and he will continue to call on defense contractors to more speedily build American-made weapons, which are the best in the world,’ she said in a follow up statement to Fox News Digital. 

Missile suppression strategy faces ‘math problem’

Senior administration officials have emphasized that the current phase of the campaign is aimed at dismantling Iran’s ability to project force with missiles, drones and naval assets. 

Defense Secretary Pete Hegseth has highlighted strikes on Iran’s ballistic missile systems, air defenses and naval capabilities, describing the effort as a push to degrade the conventional tools Tehran uses to threaten U.S. forces and regional allies. 

Secretary of State Marco Rubio similarly has said the United States is working to ‘systematically take apart’ Iran’s missile program, so it could not ‘hide behind’ it to develop a nuclear weapon. 

While the broader justification for intervention centered on preventing a nuclear-armed Iran, the most immediate threat facing U.S. troops and partners has been Iran’s ongoing missile and drone launches. Administration officials contend Iran’s missile buildup was meant to create a deterrent buffer, shielding its broader strategic ambitions, including its nuclear program, from outside attack.

Lawmakers emerging from classified briefings said the campaign has become, in part, a question of sustainability.

‘We do not have an unlimited supply,’ Sen. Mark Kelly, D-Ariz., said of U.S. and allied interceptor inventories. He warned the conflict could become a ‘math problem,’ balancing launch volumes against finite air defense munitions and the ability to replenish them without weakening readiness in other theaters.

‘At some point — and we’re probably already in this — this becomes a math problem,’ Kelly added.

He said he pressed defense officials on how interceptor stocks are being replenished and whether diverting munitions to the Middle East could strain U.S. readiness elsewhere.

‘How can we resupply air defense munitions? Where are they going to come from? How does that affect other theaters?’ he said. ‘The math on this currently seems to be an issue.’

Sen. Andy Kim, D-N.J., said he also sought clarity on interceptor inventories but did not receive detailed answers.

‘I am very concerned about that,’ Kim said. ‘I did not get any specificity today. … Something akin to ‘trust us’ is not good enough for me.’

Republicans, however, pushed back on the notion that interceptor supplies are strained. 

Sen. Markwayne Mullin, R-Okla., said officials told lawmakers U.S. forces are ‘in great shape,’ dismissing concerns about shortages.

Ehud Eilam, a former Israeli defense official and national security analyst, said that while a nuclear weapon remains the most serious long-term threat, missile and drone systems pose the most immediate danger if intelligence assessments conclude Iran is not on the verge of assembling a device.

‘As long as it is estimated Iran cannot produce a nuclear weapon soon, then the focus moves to missiles and drones,’ Eilam said, noting that ballistic missiles would ultimately be required to deliver any future nuclear warhead. Suppressing mobile launchers, crews and command networks can reduce Iran’s firing tempo, conserving interceptor supplies while degrading Tehran’s broader military capacity, he said.

The concern is not theoretical. 

During the intense June 2025 Iran–Israel conflict, U.S. forces reportedly fired more than 150 Terminal High Altitude Area Defense interceptors, roughly a quarter of the global inventory, along with large numbers of ship-based Standard Missile interceptors to shield allies. 

Analysts note that replenishing high-end air defense systems such as Patriot, THAAD and SM-3 interceptors could take more than a year under current production rates.

The Pentagon also is balancing competing demands. The same missile defense systems used to protect U.S. bases and Gulf partners are being supplied to Ukraine to defend against Russian cruise missile attacks, creating what some analysts describe as a ‘zero-sum’ competition for inventory between Europe and the Middle East.

‘There is a limit to how many THAAD missiles can be used,’ Eilam said. ‘These are not systems you can reproduce overnight.’

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Apple’s all-new MacBook features a durable aluminum design, a stunning 13-inch Liquid Retina display, the power of Apple silicon, and all-day battery life — all for the breakthrough starting price of just $599

Apple® today unveiled MacBook Neo ™, an all-new laptop that delivers the magic of the Mac® at a breakthrough price, making it even more accessible to millions of people around the world. MacBook Neo starts with a beautiful Apple design, featuring a durable aluminum enclosure in an array of gorgeous colors — blush, indigo, silver, and a fresh new citrus. Its stunning 13-inch Liquid Retina® display brings websites, photos, videos, and apps to life with high resolution and brightness, and support for 1 billion colors. Powered by A18 Pro, MacBook Neo can fly through everyday tasks, from browsing the web and streaming content, to editing photos, exploring creative hobbies, or using AI capabilities across apps. In fact, it’s up to 50 percent faster for everyday tasks like web browsing, 1 and up to 3x faster when running on-device AI workloads like applying advanced effects to photos, 2 compared to the bestselling PC with the latest shipping Intel Core Ultra 5. Providing up to 16 hours of battery life, MacBook Neo allows users to go all day on a single charge. 3 A 1080p FaceTime HD® camera and dual mics make it easy to look and sound great, and the dual side-firing speakers with Spatial Audio deliver crisp, immersive sound. MacBook Neo also features Apple’s renowned Magic Keyboard® for comfortable and precise typing, and a large Multi-Touch™ trackpad with support for intuitive gestures, enabling smooth and precise control. Completing the MacBook Neo experience is macOS® Tahoe, with powerful built-in apps like Messages, Pages, Calendar, and Safari®; seamless integration with iPhone®; Apple Intelligence™; as well as broad compatibility with third-party apps. And starting at just $599 and $499 for education, MacBook Neo is Apple’s most affordable laptop ever, providing an unprecedented combination of quality and value. MacBook Neo is available to pre-order starting today, with availability beginning Wednesday, March 11.

‘We’re incredibly excited to introduce MacBook Neo, which delivers the magic of the Mac at a breakthrough price,’ said John Ternus, Apple’s senior vice president of Hardware Engineering. ‘Built from the ground up to be more affordable for even more people, MacBook Neo is a laptop only Apple could create. It features a durable aluminum design in four beautiful colors; a brilliant Liquid Retina display; Apple silicon-powered performance; all-day battery life; a high-quality camera, mics, and speakers; a Magic Keyboard and Multi-Touch trackpad; and the intuitive and powerful features of macOS. There is simply no other laptop like it.’

Beautiful and Durable Aluminum Design

MacBook Neo features a beautifully crafted aluminum design that’s built to last. With its soft, rounded corners, MacBook Neo looks elegant while feeling solid and comfortable to hold. At just 2.7 pounds, it’s also easy to carry in a backpack or handbag. Bringing a fun touch of personality and style to everyday computing, MacBook Neo comes in a spectrum of four gorgeous colors: blush, indigo, silver, and citrus. These colors extend to the Magic Keyboard in lighter shades and new wallpapers, creating a cohesive design aesthetic and making MacBook Neo the most colorful MacBook® yet.

Stunning 13-Inch Liquid Retina Display

A gorgeous 13-inch Liquid Retina display features a 2408-by-1506 resolution, 500 nits of brightness, and support for 1 billion colors, bringing to life sharp, crystal-clear text and vibrant images. The display is both brighter and higher in resolution than most PC laptops in this price range, putting it in a class of its own. Finally, an anti-reflective coating provides a comfortable viewing experience in a variety of lighting conditions, allowing users to watch movies, edit photos, or take video calls from anywhere.

Apple Silicon-Powered Performance

At the heart of MacBook Neo is A18 Pro, enabling users to power through things they do every day, like browsing the web, creating documents, streaming content, editing photos, and taking advantage of AI. Users can seamlessly work between their favorite apps, like Messages, WhatsApp, Canva, Excel, Safari, and more. MacBook Neo with A18 Pro is up to 50 percent faster for everyday tasks than the bestselling PC with the latest shipping Intel Core Ultra 5. 1 And for more demanding activities, it’s up to 3x faster for on-device AI workloads 2 and up to 2x faster for tasks like photo editing. 4 The integrated 5-core GPU brings graphics to life while playing action-packed games or exploring creative hobbies. And a 16-core Neural Engine supports fast on-device Apple Intelligence features and everyday AI tasks like summarizing notes in Bear or using the Clean Up tool in the Photos app, while ensuring user data stays private and secure. MacBook Neo is also fanless, so it runs completely silent.

All-Day Battery Life

Thanks to the incredible power efficiency of Apple silicon, MacBook Neo delivers up to 16 hours of battery life on a single charge. 3 This makes it a perfect on-the-go companion for work or play, from the classroom to the coffee shop, and everywhere in between.

Magic Keyboard and New Multi-Touch Trackpad

MacBook Neo features Apple’s much-loved Magic Keyboard, which provides a comfortable, precise typing experience, while a large Multi-Touch trackpad lets users click, scroll, swipe, and pinch anywhere on its surface. The MacBook Neo model with Touch ID® enables easy, quick, and secure login authentication, and the ability to conveniently authorize purchases using Apple Pay®.

1080p Camera; Dual Speakers and Mics

The 1080p FaceTime HD camera on MacBook Neo has optimized image processing to deliver vibrant video calls. Dual mics with directional beamforming are designed to reduce background noise and isolate a user’s voice, allowing it to come across loud and clear for an excellent video conferencing experience. And dual side-firing speakers with support for Spatial Audio and Dolby Atmos produce immersive sound for watching a movie, listening to music, or using apps like GarageBand®.

Essential Connectivity

MacBook Neo features two USB-C ports for connecting accessories or an external display. 5 Both ports can be used for charging. MacBook Neo also includes a headphone jack for wired audio. Wi-Fi 6E provides fast wireless connectivity, and Bluetooth 6 ensures reliable wireless connections for peripherals and accessories.

Powerful Productivity with macOS

macOS is Apple’s powerful and intuitive operating system for Mac. 6 With incredible features and built-in apps like Safari, Photos, Messages, and FaceTime, macOS enables users to get started right out of the box. Apple Intelligence features like Writing Tools, Live Translation, and more are deeply integrated across macOS, elevating the user experience by bringing intelligence to the apps users rely on every day. 7 Advanced privacy and security also come standard, featuring industry‑leading encryption, robust virus protections, and automatic free security updates to help keep users protected.

Seamless Integration with iPhone

iPhone users can tap in to Continuity features built in to macOS to make working across iPhone and Mac a breeze. Handoff® lets users start a task on MacBook Neo and continue it on iPhone, while Universal Clipboard allows users to copy and paste content between devices. With iPhone Mirroring, users can view and interact with their iPhone directly on MacBook Neo, and users switching to Mac for the first time can use iPhone to conveniently and securely transfer settings, files, photos, passwords, and more.

Built with the Environment in Mind

MacBook Neo was built from the ground up to be Apple’s lowest-carbon MacBook, and brings the company even closer to reaching its ambitious plan to be carbon neutral across its entire footprint by 2030. It features 60 percent recycled content — the highest percentage of any Apple product. 8 This includes 90 percent recycled aluminum overall and 100 percent recycled cobalt in the battery. The enclosure is manufactured with a material-efficient forming process that uses 50 percent less aluminum compared to traditional machining methods. MacBook Neo is manufactured with 45 percent renewable electricity, like wind and solar, across the supply chain. It also meets Apple’s high standards for energy efficiency and safe chemistry. Additionally, the paper packaging is 100 percent fiber-based and can be easily recycled. 9

Pricing and Availability

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

1 Testing was conducted by Apple in January and February 2026 using preproduction MacBook Neo systems with Apple A18 Pro, 6-core CPU, 5-core GPU, 8GB of unified memory, and 256GB SSD, as well as production Intel Core Ultra 5-based PC systems with Intel Graphics, 8GB of RAM, 256GB SSD, and the latest version of Windows 11 Home available at the time of testing. Bestselling PC laptop with the latest shipping Intel Core Ultra 5 processor is based on publicly available sales data over the prior six months. Speedometer 3.1 performance benchmark tested with pre-release Safari 26.3 on macOS Tahoe, and both Chrome 144.0.7559.110 and Edge 144.0.3719.104 on Windows 11 Home. Performance tests are conducted using specific computer systems and reflect the approximate performance of MacBook Neo.

2 Testing was conducted by Apple in January and February 2026 using preproduction MacBook Neo systems with Apple A18 Pro, 6-core CPU, 5-core GPU, 8GB of unified memory, and 256GB SSD, as well as production Intel Core Ultra 5-based PC systems with Intel Graphics, 8GB of RAM, 256GB SSD, and the latest version of Windows 11 Home available at the time of testing. Bestselling PC laptop with the latest shipping Intel Core Ultra 5 processor is based on publicly available sales data over the prior six months. Adobe Photoshop 2026 27.3.0 tested using the following filters and functions: super zoom, depth blur, JPEG artifact removal, style transfer, photo restoration, and landscape mixer. Performance tests are conducted using specific computer systems and reflect the approximate performance of MacBook Neo.

3 Testing was conducted by Apple in January 2026 using preproduction MacBook Neo systems with Apple A18 Pro, 6-core CPU, 5-core GPU, 8GB of unified memory, and 256GB SSD. Wireless web battery life tested by browsing 25 popular websites while connected to Wi-Fi. Video streaming battery life tested with 1080p content in Safari while connected to Wi-Fi. All systems tested with display brightness set to eight clicks from bottom. Battery life varies by use and configuration. See apple.com/batteries for more information.

4 Testing was conducted by Apple in January and February 2026 using preproduction MacBook Neo systems with Apple A18 Pro, 6-core CPU, 5-core GPU, 8GB of unified memory, and 256GB SSD, as well as production Intel Core Ultra 5-based PC systems with Intel Graphics, 8GB of RAM, 256GB SSD, and the latest version of Windows 11 Home available at the time of testing. Bestselling PC laptop with the latest shipping Intel Core Ultra 5 processor is based on publicly available sales data over the prior six months. Tested with Affinity v3.0.3.4027 using the built-in benchmark 30000. Performance tests are conducted using specific computer systems and reflect the approximate performance of MacBook Neo.

5 MacBook Neo features two USB-C ports — USB 3 (left) and USB 2 (right). External display connectivity supported on left USB 3 port only.

6 macOS Tahoe is available as a free software update. Some features may not be available in all regions or in all languages. See requirements at apple.com/os/macos .

7 Apple Intelligence is available in beta with support for these languages: English, Danish, Dutch, French, German, Italian, Norwegian, Portuguese, Spanish, Swedish, Turkish, Vietnamese, Chinese (simplified), Chinese (traditional), Japanese, and Korean. Some features may not be available in all regions or languages. For feature and language availability and system requirements, see support.apple.com/en-us/121115 .

8 Product recycled or renewable content is the mass of certified recycled material relative to the overall mass of the device, not including packaging or in-box accessories. Comparison excludes accessories.

9 Breakdown of U.S. retail packaging by weight. Adhesives, inks, and coatings are excluded from calculations.

NOTE TO EDITORS: For additional information visit Apple Newsroom ( www.apple.com/newsroom ), or email Apple’s Media Helpline at media.help@apple.com .

© 2026 Apple Inc. All rights reserved. Apple, the Apple logo, MacBook Neo, Mac, Liquid Retina, FaceTime HD, Magic Keyboard, Multi-Touch, macOS, Safari, iPhone, Apple Intelligence, MacBook, Touch ID, Apple Pay, Garage Band, Handoff, Apple Store, Apple Trade In, AppleCare, AppleCare+, AppleCare One, Today at Apple, Apple Card, and Daily Cash are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260304013394/en/

Starlayne Meza
Apple
starlayne_meza@apple.com

News Provided by Business Wire via QuoteMedia

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First Majestic Silver (TSX:AG,NYSE:AG) CEO Keith Neumeyer’s silver price prediction of over US$100 per ounce came true in 2026. When will silver prices make a more lasting hold in triple digit territory?

The silver price was up over 189 percent year-on-year as of March 2, 2026, on the back of economic uncertainty and ongoing geopolitical tensions, as well as support from long-term demand fundamentals.

The silver price broke through its previous all-time high in October 2025, blasting through the US$50 per ounce mark. From then, it rallied to new highs again and again.

Only a few weeks into 2026, the price of silver finally hit triple digits when it overtook the US$100 level. It went on to rise to its latest all-time high of US$121.62, which it set on January 29, 2026.

The catalysts for silver’s price surge above the critical US$100 level included the trade tensions between the US and Europe following US President Donald Trump’s renewed bid for Greenland; Trump’s public statements about possible military airstrikes on Iran; and a significant structural supply deficit exacerbated by increased institutional investment demand.

Well-known figure Keith Neumeyer, CEO of First Majestic, had frequently said he believes the white metal could hit the US$100 mark or even reach as high as US$130 per ounce.

Neumeyer has voiced this opinion often over the past decade. He put up a US$130 price target in a November 2017 interview with Palisade Radio, when silver was just US$17 per ounce. He reiterated his triple-digit silver price forecast in multiple interviews with Kitco over the years, including one in March 2023.

In 2024, Neumeyer made his US$100 silver call in a conversation with ITM Trading’s Daniela Cambone at the Prospectors & Developers Association of Canada (PDAC) convention, and in April of that year he acknowledged his reputation as the ‘triple-digit silver guy’ on the Todd Ault Podcast.

Speaking with Chris Marcus of Arcadia Economics on January 16, 2026, a day after the price of silver had broken through US$93 per ounce for the first time, Neumeyer stated that “triple digits is definitely on its way.” He was finally proven right less than two weeks later.

At times Neumeyer has been even bolder, suggesting in 2016 that silver could reach US$1,000 if gold were to hit US$10,000.

In order to better understand where Neumeyer’s opinion comes from and why a triple-digit silver price finally materialized, it’s important to take a look at the factors that affect the metal’s movements, as well as where prices have been in the past and where other industry insiders think silver could be headed.

First, let’s dive a little deeper into Neumeyer’s US$100 silver prediction.

In this article

    Why has Neumeyer called for a US$100 silver price?

    Neumeyer’s belief that silver could hit US$100 is based on a variety of factors, including its consistent deficit, its industrial demand and how undervalued it is compared to gold.

    When he first made the prediction more than a decade ago, there was significant distance for silver to go before it could reach the success Neumeyer had boldly predicted.

    Neumeyer expected a triple-digit silver price in part because he believed the market cycle could be compared to the year 2000, when investors were sailing high on the dot-com bubble and the mining sector was down. He believed it was only a matter of time before the market corrected, like it did in 2001 and 2002, and commodities would see a big rebound in pricing. It was during 2000 that Neumeyer himself invested heavily in mining stocks and came out on top.

    “I’ve been calling for triple-digit silver for a few years now, and I’m more enthused now,” Neumeyer said at an event in January 2020, noting that there are multiple factors behind his reasoning. “But I’m cautiously enthused because, you know, I thought it would have happened sooner than it currently is happening.”

    Another factor driving Neumeyer’s position is his belief that the silver market is in a deficit at a time when demand is rising from new industrial sectors. In a December 2023 interview with Kitco, Neumeyer stressed that silver is more than just a poor man’s gold and he spoke to silver’s important role in electric vehicles and solar cells.

    In line with this view on silver, First Majestic is a member of a consortium of silver producers that in January 2024 sent a letter to the Canadian government urging that silver be recognized as a critical mineral.

    Silver’s inclusion on the list would allow silver producers to accelerate the development of strategic projects with financial and administrative assistance from the government.

    In this 2024 PDAC interview, Neumeyer once again highlighted what he says is a sizable imbalance in the silver’s supply-demand picture. “We’re six years into this deficit. The deficit in 2024 looks like it’s gonna be bigger than 2023, and why is that? Because miners aren’t producing enough silver for the needs of the human race,” he said.

    More controversially, Neumeyer is of the opinion that the white metal will eventually become uncoupled from its sister metal gold, and should be seen as a strategic metal due to its necessity in many everyday appliances, from computers to electronics, as well as the technologies mentioned above. He has also stated that silver production has gone down in recent years, meaning that contrary to popular belief, he believes the metal is actually a rare commodity.

    Neumeyer’s March 2023 triple-digit silver call was a long-term call, and he explained that while he believed gold would break US$3,000 that year, he thought silver will only reach US$30. However, once the gold-silver ratio is that unbalanced, he believes that silver will begin to take off, and it would just need a catalyst.

    ‘It could be Elon Musk taking a position in the silver space,’ Neumeyer said. ‘There’s going to be a catalyst at some time, and headlines in the Wall Street Journal might talk about the silver supply deficit … I don’t know what the catalyst will be, but investors and institutions will wake up to the fundamentals of the metal, and that’s when it will start to move.’

    In 2024, gold experienced a resurgence in investor attention as the potential for US Federal Reserve interest rate cuts came into view. In an interview with Cambone at PDAC 2024, Neumeyer countered that perception, stating, “There’s a rush into gold because of the de-dollarization of the world. It has nothing to do with the interest rates.”

    In an April 2025 Money Metals podcast, Neumeyer reiterated his belief that silver is in an extreme supply deficit and that eventually silver prices will have to rise in order to incentivize silver miners to dig up more of the metal.

    ‘You need triple-digit silver just to motivate the mining companies to start investing again because the mining companies aren’t going to make the investment because there’s just so much risk in it,’ he said.

    After the price of silver surged from the US$50 level up into more than US$70 per ounce in late December 2025, Neumeyer actually cautioned investors not to get too excited about a potential quick run to US$100 during an interview with The Deep Dive.

    “I’m crossing my fingers that it doesn’t go to US$100 on this move. I don’t think that would be particularly healthy at all. I would prefer to see it start to slow down here and chalk a little bit sideways for two to three months and find a level that people can get use to. It’s going to take sometime for people to get used to US$70 silver,” he advised.

    While he admitted high silver prices are great for silver producers such as First Majestic and their shareholders, he said “personally, I’d rather see some stability,” and have silver reach triple digits in 12 to 24 months out so that the mining sector has more time to react and better take advantage of higher silver prices.

    A month later, when silver was above US$100 per ounce, during an interview with Kitco at the 2026 Vancouver Resource Investment Conference (VRIC), Neumeyer said, “calling triple digit silver and it’s actually happening is pretty interesting,” but he believes it’s still early stages in this new bull market and he’s done predicting metals prices.

    “What we do know is that we’ve created a new pricing paradigm, we’re not going back to the old pricing that we’re all used to over the past 20 or 30 years,” he added.

    What factors affect the silver price?

    In order to glean a better understanding of the precious metal’s chances of breaching the US$100 range again, it’s important to examine the elements that could push it to that level or pull it further away.

    The strength of the US dollar and Fed rate changes are factors that will continue to affect the precious metal, as are geopolitical issues and supply and demand dynamics.

    Although Neumeyer believes that the ties that bind silver to gold need to be broken, the reality is that most of the same factors that shape the price of gold also move silver.

    For that reason, it’s helpful to look at gold price drivers when trying to understand silver’s price action. Silver is, of course, the more volatile of the two precious metals, but nevertheless it often trades in relative tandem with gold.

    First, it’s useful to understand that higher interest rates are generally negative for gold and silver, while lower rates tend to be positive. That’s because when rates are higher, investment demand shifts to products that can accrue interest.

    The Fed’s rate moves have played a key role in pumping up silver prices over the past year. However, Trump doesn’t think Fed Chair Jerome Powell is lowering rates fast enough.

    Trump’s feud with the Fed over interest rates escalated in early January 2026 when the US Department of Justice served the Fed with grand jury subpoenas targeting Powell with a criminal indictment. The uncertainty over Fed independence is driving gold prices higher as investors expect a weaker dollar.

    While central bank actions are important for gold, and by extension silver, another key price driver lately has been geopolitical uncertainty. The past decade has been filled with major geopolitical events such as the Israel-Hamas conflict, the Russia-Ukraine war, and rising tensions between the US and other countries including Russia, China and Iran, and more recently Venezuela, Canada and Denmark.

    Trump’s tariffs have also rattled stock markets and ratcheted up the level of economic uncertainty pervading the landscape in 2025 and continuing into this year. This has proved price positive for gold and silver, with silver outperforming gold in the last year.

    However, silver’s industrial side can not be ignored. In an economically uncertain environment, the industrial case of silver could weaken in the short term, but in the longer term silver’s demand side is still highly prospective for larger gains.

    Samuelson explained in March 2025 that silver is particularly vulnerable to a supply shock as the London Bullion Market Association’s physical silver supplies had already decreased by 30 to 40 percent, while gold had only lost 3 to 4 percent.

    The next month, Smirnova explained that silver has been in a supply deficit of 150 million to 200 million ounces annually, but production has been stagnant or declining over the past decade.

    Looking at the runup in silver prices into the triple digits that occurred in late 2025 to early 2026, this structural supply-demand deficit, magnified by an explosion in industrial demand for solar energy and AI data centers, played an outsized role. Further adding fuel to the fire was record-low physical inventory levels in COMEX and Shanghai vaults, which caused a shift from ‘paper’ silver to physical hoarding.

    Higher industrial demand from emerging sectors due to factors like the transition to renewable energy and the emergence of AI technology will be highly supportive for the metal over the next few years. Solar panels are an especially exciting sector as manufacturers have found increasing the silver content increases energy efficiency.

    Frank Holmes of US Global Investors (NASDAQ:GROW) said in a December interview that silver’s “ability to be a transformative part of renewable energy,” particularly in solar panels, is an outsized factor in the latest run in the silver price. “And I don’t think that is going to go away,” he added.

    Could silver hit US$100 per ounce again?

    It seems likely that we will reach a US$100 per ounce silver price again in 2026 as there is plenty of support for Neumeyer’s belief that the metal is undervalued and that “ideal conditions are present for silver prices to rise.”

    For much of 2025, silver and gold rose higher on factors including persistent inflationary pressures brought on by Trump’s aggressive tariff announcements and the ongoing geopolitical risks in the Middle East. The commodity’s price uptick also came on the back of very strong silver investment demand.

    In the fourth quarter, silver rapidly outpaced gold’s gains, and by early January silver reached US$95, more than doubling in value from its Q3 close of US$46. It continued higher to breach US$120 by the end of the month.

    While silver and gold prices both pulled back significantly over the following days, silver spent February consolidating and stabilized above the US$80 mark in the second half of the month.

    On March 1, the silver price once again approached the US$100 mark as the US started a war with Iran, peaking at US$96.40 before seeing a smaller pull back.

    As silver’s momentum continues upwards and the price stabilizes at these higher values, silver market experts are agreeing with Neumeyer’s triple-digit silver hypothesis that the price of silver still has further room to grow.

    “You know, whether in the short term or the long term, one way or another, we’re going to run into a supply demand brick wall. And when that day happens, we could see triple-digit silver prices in a very, very short period of time,” he said. “I figure it’s going to be US$200 to US$400 an ounce, at least, before this is all over.”

    This set up bodes well for those not only invested in physical silver, but in silver mining stocks as well.

    “I have to be honest, I was not necessarily expecting triple-digit silver this quite this fast,” he said. “I was saying, if and when we break through US$54 silver, then the path of least resistance becomes a conservative, measured move target of US$96 or within a few pennies … So, I’m not really surprised at all, and in fact, I think we’re headed higher in the fullness of time.’

    Penny sees Fed policy actions as a potential catalyst for silver’s next leg up.

    “I think it’ll be the Fed’s response to the next crisis that causes the big move, the 1979 moment where you go up,” he explained, noting that in 1979, the price of silver went up 700 percent in 12 months. “I think that that moment still lies ahead. It’ll be the Fed’s response to the next crisis that is the catalyst for that huge move.”

    Eugenia Mykuliak, founder and executive director of B2PRIME Group, shared another reason she believes Fed rate cuts are bullish for silver.

    In late January, Citigroup (NYSE:C) analysts upgraded their silver forecast to US$150 per ounce in the second quarter of 2026. ‘We expect the bullish factors to stay intact in the very near term, supporting strong investment/speculation demand and likely leading to further physical tightening in major ex-US trading hubs,’ said the firm.

    FAQs for silver

    Why is silver so cheap?

    The primary reason that silver is sold at a significant discount to gold is supply and demand, with more silver being mined annually. While silver does have both investment and industrial demand, the global focus on gold as an investment vehicle, including countries stockpiling gold, can overshadow silver.

    Additionally, jewelry alone is a massive force for gold demand.

    There is an abundance of silver — according to the US Geological Survey, to date 1,740,000 metric tons (MT) of silver have been discovered, while only 244,000 MT of gold have been found, a ratio of about 1 ounce of gold to 7.1 ounces of silver. In terms of output, 26,000 MT of silver were mined in 2025 compared to 3,300 MT for gold.

    Looking at these numbers, that puts gold and silver production at about a 1:7.88 ratio last year, while the price ratio on March 3, 2026, was around 1:62 — a huge disparity.

    Can silver hit $1,000 per ounce?

    As things are now, it seems unlikely, and at the same time almost a possibility, that silver will ever reach highs of US$1,000 per ounce, which Keith Neumeyer predicted in 2016 could happen if gold ever climbed to US$10,000 per ounce.

    This is related to the gold to silver production ratio discussed above. At the time of the 2016 prediction, this ratio was around 1 ounce of gold to 9 ounces of silver, or 1:9.

    If silver was priced according to production ratio today, when gold is at US$5,000 per ounce, then silver should be around US$555. However, the gold to silver pricing ratio today is around 1:62, although that’s a bit lower than the typical range of 1:70 to 1:90. In early March 2026, gold is trading around US$5,100 per ounce and silver is about US$82 per ounce.

    Is silver really undervalued?

    Many experts believe that silver is undervalued compared to fellow currency metal gold. As discussed, their production and price ratios are currently incredibly disparate.

    While investment demand is higher for gold, silver has seen increasing time in the limelight in recent years, including a 2021 silver squeeze that saw new entrants to the market join in.

    Another factor that lends more intrinsic value to silver is that it’s an industrial metal as well as a precious metal. It has applications in technology and batteries — both growing sectors that will drive demand higher.

    Silver’s two sides have remained prominent as the market navigates persistent supply shortages and shifting investor sentiment. Following a record high in 2022, according to data from the Silver Institute, silver demand reached 1.16 billion ounces in 2024, supported by a fourth consecutive year of record industrial fabrication at 680.5 million ounces. However, total 2024 demand saw a 3 percent decline due to a 22 percent drop in physical investment, which hit a five-year low as Western investors took profits at higher prices.

    Is silver better than gold?

    There are merits for both metals, especially as part of a well-balanced portfolio. As many analysts point out, silver has been known to outperform its sister metal gold during times of economic prosperity and expansion.

    On the other hand, during economic uncertainty silver values are impacted by declines in fabrication demand.

    Silver’s duality as a precious and industrial metal also provides price support. As a report from the CPM Group notes, “it can be seen that silver in fact almost always (but not always) out-performs gold during a gold bull market.”

    At what price did Warren Buffet buy silver?

    Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) bought up 37 percent of global silver supply between 1997 and 2006. Silver ranged from US$4 to US$10 during that period.

    In fact, between July 1997 and January 1998 alone, the company bought about 129 million ounces of the metal, much of which was for under US$5. Adjusted for inflation, the company’s purchases in that window cost about US$8.50 to US$11.50.

    How to invest in silver?

    There are a variety of ways to get into the silver market. For example, investors may choose to put their money into silver-focused stocks by buying shares of companies focused on silver mining and exploration, or even precious metals royalty stocks. As a by-product metal, investors can also gain exposure to silver through some gold companies.

    There are also silver exchange-traded funds that give broad exposure to silver companies and the metal itself, while more experienced traders may be interested in silver futures. And of course, for those who prefer a more tangible investment, purchasing physical bullion in silver bar and silver coin form is also an option.

    Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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