Author

admin

Browsing

Ryan Routh, the man accused of attempting to assassinate then-presidential candidate Donald Trump at his Florida golf course last year, said he would not take the stand in his own criminal case on Monday — the strongest sign yet that the defense is preparing to rest its case and kick the trial into its final phase before jury deliberation.

Routh, 59, has been representing himself in the federal criminal trial. He has pleaded not guilty to charges of attempting to assassinate a major presidential candidate, assaulting a federal officer, and possession of a firearm, among other crimes. If convicted, he could face life in prison. 

He previously floated the possibility that he could testify on his own behalf — a risky strategy that would have waived his Fifth Amendment protections against self-incrimination, and opened him up to cross-examination by federal prosecutors.

Judge Aileen Cannon pressed Routh repeatedly Monday morning on whether he’d had enough time to consider his decision or wanted to consult standby counsel. He said he was sure. Prosecutors then asked for the lunch hour to decide if they would call rebuttal witnesses.

If none are called, the defense is expected to rest within hours, clearing the way for closing arguments and jury deliberations.

Routh opened his defense Monday with Michael McClay, a gun specialist and his only expert witness, followed by testimony from a family friend and a former colleague.

McClay, an expert in sniper firearms and tactics with an extensive career in military and law enforcement, confirmed at the outset of Routh’s questioning that he was subpoenaed to testify, and did not want to appear on Routh’s behalf.

Routh spent most of the time questioning McClay about the operability scope of the rifle in question, including trying to cast doubt on the likelihood that the SKS rifle in question could not hit a target 375 yards away.

McClay, in response, said it depended on the skill of the shooter — but confirmed that the rifle was capable of hitting a target from that distance.

During cross-examination, the prosecution asked McClay about the likelihood of the rifle inflicting damage on a person if it was shot at that distance and hit an intended target. McClay said yes, the person would be hurt. Routh asked in McClay’s view whether he believed that a cowardly sniper would have an exit strategy if their plan failed, to which McClay said, ‘in all his missions, there was some way to escape.’

Routh’s witness list was sparse compared to the dozens of witnesses introduced by prosecutors, including forensics experts, FBI agents, and Secret Service agents over the course of a two-week period.

By contrast, Routh’s list included McClay, family friend Atwill Milsun, and a former colleague, Marshall Hinshaw.

The other witnesses spoke briefly and did not present much in the way of new or relevant information, as was expected, given their personal ties to the defendant.

Routh was also not expected to present any evidence on his own behalf. 

His earlier submissions to the court were deemed to be inadmissible. Prosecutors said the exhibits include books that were authored by Routh, handwritten drawings, and Eagle Scout awards from his childhood.

Last week, Cannon said that she would keep the exhibits on the docket and would give Routh the ability to challenge the court’s ruling, should he choose to do so.

Routh’s attempt to defend himself in his own criminal trial, using scant evidence and a thin list of witnesses, starkly contrasts with the prosecution, which spent nearly two weeks carefully and extemporaneously making its case against Routh to a jury in Fort Pierce, Florida.

In that span, jurors heard from 38 witnesses and reviewed hundreds of exhibits — text messages, call logs, bank records, and cellphone data — linking Routh to the alleged gun purchase and placing him near Trump International Golf Club in West Palm Beach in the weeks before the attempted assassination.

Prosecutors also presented extensive digital and forensic evidence. FBI officials testified last week that Routh’s DNA was found on the rifle scope grip, a glove, a bungee cord, and a bag recovered from the ‘sniper’s nest’ near the sixth hole, where he allegedly waited at least 12 hours for the president’s arrival.

Before resting its case Friday, the government’s final witness, FBI Supervisory Special Agent Kimberly McGreevy, walked the jury through extensive cellphone data, license plate records, surveillance footage, and other information prosecutors alleged tied Routh to Trump’s movements in the weeks before the alleged attempt.

This post appeared first on FOX NEWS

New U.N. Ambassador Mike Waltz warned Monday the U.S. and its allies will defend ‘every inch’ of NATO territory after Russian fighter jets violated Estonian airspace.

‘The United States stands by our NATO allies in the face of these airspace violations, and I want to take this first opportunity to repeat and to emphasize the United States and our allies will defend every inch of NATO territory,’ Waltz said during opening remarks of the United Nations General Assembly high-level week. ‘Russia must urgently stop dangerous behavior.’

The warning marked one of Waltz’s first public statements since winning Senate confirmation Friday. It came days after three Russian MiG-31 jets flew deep into Estonian airspace — the closest such incursion to the Baltic nation’s Parliament building in years — raising fears Moscow is testing NATO’s resolve.

Estonia’s Foreign Minister Margus Tsahkna revealed Monday morning that the jets were armed. The jets were in Estonian airspace for 12 minutes.

Tsahkna noted that Russia remains a permanent member of the U.N. Security Council even as it continues its war on Ukraine and now pushes into NATO territory.

Article 5 of the NATO treaty states that an armed attack against one or more NATO members in Europe or North America is considered an attack against them all. In practice, this means that if any member nation is attacked, the others are committed to take action.

Waltz, a former House member from Florida, served as President Donald Trump’s national security advisor until May. His confirmation to the U.N. was held up in the Senate until last week, when a 47-43 vote confirmed him as U.S. permanent representative to the U.N. Security Council.

A separate vote to confirm him as U.S. representative to the General Assembly did not come up — it’s unclear whether that will have any effect on his participation at UNGA. 

The Estonia incursion followed an incident where at least 19 Russian drones entered Poland’s airspace just one week after Polish President Karol Nawrocki met with President Donald Trump at the White House. Last week, Romania reported a Shahed drone of Russian origin was found in its territory. 

Russia called reports of the incursions ‘groundless accusations.’ 

‘There is no proof except the Russophobic hysteria coming from Tallinn,’ said Dmitry Polyansky, Russia’s First Deputy Permanent Representative to the U.N., referring to Estonia’s capital. 

‘There was a time when Europe was associated with the renaissance, enlightenment cutting edge of philosophy, culture and science. Yet today unfortunately all of that is gone and it’s gone for good,’ the representative went on.

Polyansky claimed the ‘only ideology’ of European states is ‘primitive hatred’ for Russia. 

‘Any events are immediately interpreted through an anti-Russian prism,’ he said. ‘The idea that war with Russia is unavoidable is being frantically pounded into the heads of the European populace.’

On Monday, the U.N. Security Council held an emergency meeting on the jet incursions into Estonia at Tallinn’s request. 

‘Russia’s reckless actions represent not only a breach of international law, but also a destabilizing escalation that brings the entire region closer to conflict than at any time in recent years,’ Tsahkna said. 

‘Such a provocation is profoundly disrespectful towards the collective and tireless efforts of the international community to bring an end to the Russia-Ukraine war and to restore peace and stability in accordance with international law.’

This post appeared first on FOX NEWS

The Supreme Court on Monday backed President Donald Trump’s decision to fire a commissioner on the Federal Trade Commission, sending yet another signal that the high court intends to revisit a 90-year-old court precedent about executive firing power.

The temporary decision to maintain Biden-appointed commissioner Rebecca Slaughter’s termination was issued 6-3 along ideological lines. The Supreme Court set oral arguments in the case for December.

Trump’s decision to fire Slaughter and another Democrat-appointed commissioner, Alvaro Bedoya, faced legal challenges because it stood in tension with the FTC Act, which says commissioners should only be fired from their seven-year tenures for cause, such as malfeasance.

Trump fired Slaughter and Bedoya shortly after he took office without citing a cause other than the president’s broad constitutional authority over the executive branch. Bedoya resigned, but Slaughter vowed to fight her firing in court and see the case through to its conclusion.

A lower court initially sided with Slaughter and reinstated her, but she has since been fired and re-hired several times as her case made its way to the Supreme Court. The decision on Monday came after the Trump administration asked the high court on an emergency basis to temporarily pause the lower court’s decision to reinstate Slaughter ahead of deciding on the merits of the case.

The Supreme Court’s decision to keep Slaughter’s firing intact means she will remain sidelined from the FTC until after the high court hears arguments about the case in December.

Slaughter had argued to the Supreme Court that siding with Trump, even on an interim basis, disturbed the precedent set in Humphrey’s Executor vs. the United States, which deemed President Franklin D. Roosevelt’s firing of an FTC commissioner unlawful.

Legal experts have speculated that the current conservative-leaning Supreme Court is interested in narrowing or reversing Humphrey’s Executor, which could carry broad implications about a president’s ability to fire members of independent agencies.

The three liberal justices dissented and would have denied Trump’s stay request. Writing for the dissent, Justice Elena Kagan speculated that the court’s majority may be ‘raring’ to reverse Humphrey’s Executor but that it should not make hasty decisions that contravene that precedent until such a reversal happens.

‘Our emergency docket should never be used, as it has been this year, to permit what our own precedent bars,’ Kagan wrote. ‘Still more, it should not be used, as it also has been, to transfer government authority from Congress to the President, and thus to reshape the Nation’s separation of powers.’

Fox News Digital reached out to a representative for Slaughter for comment.

This is a developing story. Check back for updates.

This post appeared first on FOX NEWS

Ryan Routh, the man accused of attempting to assassinate then-presidential candidate Donald Trump at his Florida golf course last year, said he would not take the stand in his own criminal case on Monday — the strongest sign yet that the defense is preparing to rest its case and kick the trial into its final phase before jury deliberation.

Routh, 59, has been representing himself in the federal criminal trial. He has pleaded not guilty to charges of attempting to assassinate a major presidential candidate, assaulting a federal officer, and possession of a firearm, among other crimes. If convicted, he could face life in prison. 

He previously floated the possibility that he could testify on his own behalf — a risky strategy that would have waived his Fifth Amendment protections against self-incrimination, and opened him up to cross-examination by federal prosecutors.

U.S. District Judge Aileen Cannon asked Routh repeatedly Monday morning whether he’d had enough time to consider his decision not to testify, and whether he wanted to consult standby counsel. He said he was sure. Prosecutors then asked for the lunch hour to decide if they would call rebuttal witnesses.

If none are called, the defense is expected to rest within hours, clearing the way for closing arguments and jury deliberations.

Routh opened his defense Monday with testimony from Michael McClay, a gun specialist and his only expert witness; followed by a family friend, Atwill Milsun, and a former colleague, Marshall Hinshaw.

McClay, an expert in sniper firearms and tactics with an extensive career in military and law enforcement, confirmed at the outset of Routh’s questioning that he was subpoenaed to testify, and did not want to appear on Routh’s behalf.

Routh spent most of the time questioning McClay about the operability scope of the rifle in question, including trying to cast doubt on the likelihood that the SKS rifle in question could not hit a target 375 yards away.

McClay said that it depended on the skill of the shooter — but confirmed that the rifle was capable of hitting a target from that distance.

During cross-examination, prosecutors asked McClay about whether the rifle could inflict damage to someone at that distance, which McClay confirmed it could.

Routh’s questions for McClay were buffeted by long pauses and sighs from Routh, who at one point, mused aloud: ‘I have to order my questions, or I will get confused.’

Routh’s witness list was sparse compared to the dozens of witnesses introduced by prosecutors, including forensics experts, FBI agents, and Secret Service agents over the course of a two-week period.

Instead, he used his two character witnesses to bolster his own attempts to cast himself as a person of ‘peacefulness, gentleness, and non-violence.’

Before his former colleague, Marshall Hinshaw, took the stand, Cannon reiterated to Routh the risks of introducing character witnesses, noting that personal relationships can leave such witnesses exposed to tough cross-examinations. Assistant U.S. Attorney John Shipley told Judge Cannon in response that they planned to limit such questions.

The bulk of the questions Routh asked his witnesses focused closely on his reputation and engagement within the community. ‘You were very well-liked,’ Hinshaw told Routh, adding that he would ‘not expect’ Routh to harm anyone.

Asked whether he could have run for city council, Hinshaw responded, ‘absolutely.’

Certain questions, including about Routh’s ex-wife, prompted Cannon to interject several times, noting that they were far beyond the scope of the case. 

His family friend, Atwill Milsun, echoed that Routh is not a violent person. ‘You’ve always been a jolly person,’ he told Routh, who he said offered ‘everything he had’ to the local community. 

Still, Routh’s absence of counsel was starkly on display. His questions prompted visible frustration from Cannon, who at times had to stop the proceedings and instruct the jury to disregard questions or statements from Routh.

At times, his questions veered into deeply unconventional territory, leaving Cannon seemingly at a loss for words.

At one point, Routh asked Milsun whether he had ‘ever met Tony Hawk.’ Milsun responded, ‘yes,’ though not because of Routh. 

Routh then asked, ‘Would you be willing to go with me to Taiwan to host an international music festival?’ prompting Cannon to cut Routh off from his questions completely.  

‘I’ve given you a great deal of latitude, [but] this must cease,’ she told him.

On a cross-examination, prosecutors asked Milsun if he was aware that Routh ran over an employee with his truck. Milsun responded that he had not been aware of this. 

Both witnesses acknowledged during cross-examinations they had not spoken to Routh for years.

Routh was also not expected to present any evidence on his own behalf. He suggested, at one point, the idea that had a ‘new flashlight item’ to submit, though it is unclear what, exactly, he was referring to. 

Cannon told him that he would need to ‘lay a proper foundation’ before submitting any evidence. Asked whether the flashlight had an exhibit number, Routh told her, ‘It’s a brand new item we just created.’

Cannon told him to defer the matter to standby counsel and return to questioning his witness. 

His earlier submissions to the court were deemed to be inadmissible evidence. Prosecutors noted the exhibits in question include books that were authored by Routh, as well as handwritten drawings and Eagle Scout awards from his childhood. Cannon previously said she would keep the exhibits on the docket to give Routh the ability to challenge the court’s ruling, if he felt the need to do so.

Routh’s attempt to defend himself in his own criminal trial, using scant evidence and a thin list of witnesses, starkly contrasts with the prosecution, which spent nearly two weeks carefully and extemporaneously making its case against Routh to a jury in Fort Pierce, Florida.

In that span, jurors heard from 38 witnesses and reviewed hundreds of exhibits — text messages, call logs, bank records, and cellphone data — linking Routh to the alleged gun purchase and placing him near Trump International Golf Club in West Palm Beach in the weeks before the attempted assassination.

Prosecutors also presented extensive digital and forensic evidence. FBI officials testified last week that Routh’s DNA was found on the rifle scope grip, a glove, a bungee cord, and a bag recovered from the ‘sniper’s nest’ near the sixth hole, where he allegedly waited at least 12 hours for the president’s arrival.

Before resting its case Friday, the government’s final witness, FBI Supervisory Special Agent Kimberly McGreevy, walked the jury through extensive cellphone data, license plate records, surveillance footage, and other information prosecutors alleged tied Routh to Trump’s movements in the weeks before the alleged attempt.

Cannon, despite her visible frustration, seemed to hope Routh would take the opportunity to testify on his own behalf.

‘Have you had enough time to decide?’ she pressed him at one point during the day. 

‘A year,’ Routh told her in response.

After the defense rests, both sides will present their closing arguments to the jury before they deliberate on the verdict. Closing arguments are expected Tuesday or Wednesday at the latest. 

This post appeared first on FOX NEWS

The Supreme Court on Monday backed President Donald Trump’s decision to fire a commissioner on the Federal Trade Commission, sending yet another signal that the high court intends to revisit a 90-year-old court precedent about executive firing power.

The temporary decision to maintain Biden-appointed Commissioner Rebecca Slaughter’s termination was issued 6-3 along ideological lines. The Supreme Court set oral arguments in the case for December.

Trump’s decision to fire Slaughter and another Democrat-appointed commissioner, Alvaro Bedoya, faced legal challenges because it stood in tension with the FTC Act, which says commissioners should only be fired from their seven-year tenures for cause, such as malfeasance.

Trump fired Slaughter and Bedoya shortly after he took office without citing a cause other than the president’s broad constitutional authority over the executive branch. Bedoya resigned, but Slaughter vowed to fight her firing in court and see the case through to its conclusion.

A lower court initially sided with Slaughter and reinstated her, but she has since been fired and rehired several times as her case made its way to the Supreme Court. Monday’s decision came after the Trump administration asked the high court on an emergency basis to temporarily pause Slaughter’s reinstatement while it considers the merits of the case.

The Supreme Court’s decision to keep Slaughter’s firing intact means she will remain sidelined from the FTC until after the high court hears arguments about the case in December.

The case raises a pivotal question of whether Trump has the ability to fire members of independent agencies as the president pushes for a more unified executive branch. Independent agencies, such as the FTC, various labor boards and the Securities and Exchange Commission, have long been insulated by law from at-will firings.

Slaughter had argued to the Supreme Court that siding with Trump, even on an interim basis, directly flew in the face of the precedent set in Humphrey’s Executor vs. the United States, which deemed President Franklin D. Roosevelt’s firing of an FTC commissioner unlawful.

Legal experts have speculated that the current conservative-leaning Supreme Court is interested in narrowing or reversing Humphrey’s Executor, which could carry broader implications about a president’s ability to fire members of certain independent agencies.

The three liberal justices dissented and would have denied Trump’s stay request. Writing for the dissent, Justice Elena Kagan speculated that the court’s majority may be ‘raring’ to reverse Humphrey’s Executor. She said, though, that it should not make decisions on the shadow docket that contravene that precedent and instead wait until such a reversal happens.

‘Our emergency docket should never be used, as it has been this year, to permit what our own precedent bars,’ Kagan wrote. ‘Still more, it should not be used, as it also has been, to transfer government authority from Congress to the President, and thus to reshape the Nation’s separation of powers.’

Fox News Digital reached out to a representative for Slaughter for comment.

This post appeared first on FOX NEWS

The House of Representatives censured the late Roderick Butler, R-Tenn., in 1870 for taking a bribe for a military academy appointment. 

The House also censured late Rep. Thomas Blanton, D-Texas, in 1921 for inserting a document into the Congressional Record which contained obscene language.

And late Rep. Gerry Studds, D-Mass., faced censure in 1983 for having sex with a 17-year-old page. 

Those are three of the 28 Members ever censured by the House.

 Rep. Ilhan Omar, D-Minn., did not become the 29th Member slapped with censure recently.

That’s probably because Rep. Cory Mills, R-Fla., was one of four Republicans who joined Democrats to block a censure of Omar. And in so doing, Mills may very well have prevented himself from becoming the 30th House Member to be censured.

Censure is the second-highest form of discipline in the House. It falls between a reprimand and expulsion. Censure is more than a regular foul in a soccer game. Kind of like a yellow card, which serves as a caution. But it’s not a red card, either, which triggers ejection.

That said, censure has become a ‘thing’ in recent years on Capitol Hill. If the House were to ever consider censuring any Member, such an inquest would go behind closed doors with the Ethics Committee. An inquiry may take months.

No more. ‘Snap’ censures are now fashionable in the House of Representatives.

Here’s how it works:

Someone thinks someone says a colleague says something outrageous. So they just prep a censure measure, go over the head of the Congressional leadership by making their resolution privileged (meaning the House must consider it within two days) and, if the House votes in favor of your gambit, that Member is censured.

Done.

Rep. Nancy Mace, R-S.C., crafted a resolution to censure Omar and strip the Minnesota Democrat from her committee assignments. Mace accused Omar of using inflammatory rhetoric in the wake of Charlie Kirk’s assassination.

During an appearance on the news outlet Zeteo, Omar claimed ‘there is nothing more effed up, than to completely pretend that his words and actions have not been recorded and in existence for the last decade or so.’ Mace’s resolution quoted from a profane social media video not produced by Omar — but reposted by her — which fired invective at Kirk.

Mace’s maneuver came as leaders from both sides tried to urge calm at the Capitol amid the assassination of Charlie Kirk.

‘Every leader has an obligation to lower the temperature right now,’ said House Democratic Caucus Chairman Pete Aguilar, D-Calif. ‘I disagree with the retweet of one of our one of our colleagues.’

Aguilar said that Mace’s resolution to sanction Omar was not ‘helpful.’

‘Every member of Congress, and certainly the President of the United States, have a responsibility to take the temperature down,’ said House Minority Leader Hakeem Jeffries, D-N.Y. ‘Nancy Mace wants to lecture Ilhan Omar and Democrats about civility? Are you kidding me? It’s not a serious effort. It’s an effort to drive donors into her gubernatorial campaign.’

For his part, House Speaker Mike Johnson, R-La., didn’t try to sidetrack Mace. He declared that ‘Members have a prerogative to file privileged motions.’ 

‘What she did was outrageous and dangerous. And there has to be accountability in the House for these kinds of activities,’ said Johnson. ‘I don’t understand why she uses that kind of language.’

Mace and Omar wound up tangling over the censure resolution on X. 

‘One-way ticket to Somalia with your name on it, Ilhan Omar,’ posted Mace.

‘I am going soon, so please drop off the tickets on your way to your office. I am next door,’ retorted Omar. 

The Minnesota Democrat added that Mace was either not ‘well or smart.’ She added ‘you belong in rehab, not Congress.’

Democrats defended Omar.

‘When we are all trying to take the political temperature down, when we are all trying to work to be able to approach our differences with humanity and stand out against political violence, this is the wrong move,’ said House Minority Whip Katherine Clark, D-Mass.

But lawmakers from both sides are growing weary of the censure trap.

‘Every time a Republican in this House is offended, they pile on censure resolution,’ said Rep. Alexandria Ocasio-Cortez, D-N.Y. ‘I’m not here to be fighting over whatever people’s schoolyard thing is for the day.’ 

‘It’s escalation,’ said Rep. Don Bacon, R-Neb., of Mace’s maneuver. ‘You’ve got to remember, we’re going to be in the minority someday. We’ll be on the receiving end of this.’

Bacon added that Congress is now ‘better at shaming people versus legislating.’

Ultimately, the House never took a direct vote on sanctioning Omar. Democrats instead moved to ‘table’ or kill the resolution. That blocked an actual up/down vote on disciplining Omar. The House then voted 214-213 in favor of tabling Mace’s measure. All 210 Democrats who cast ballots voted to table. But four Republicans joined Democrats: Reps. Mike Flood, R-Neb., Jeff Hurd, R-Colo., Tom McClintock, R-Calif., and Mills.

A ballot by Mills against tabling would have reversed the final tally to 214-213. That means the House would have proceeded immediately to the actual vote to censure Omar. But Mills’ vote with the Democrats froze Mace’s effort.

It’s unclear if Mills based his decision on self-preservation. But had the House censured Omar, it would have undoubtedly triggered a resolution by Rep. Greg Casar, D-Texas, to sanction Mills.

Casar’s resolution accused Mills of assault – which Casar denies. It also alleged that Mills improperly received the Bronze Star when he served in the Army. But once the House diffused the Omar measure, Casar withdrew his plan for Mills.

Flood explained his vote to table.

‘I’m going to vote in ways that support the Ethics Committee,’ said Flood. ‘If we were to pursue a censure action against this Representative, that should be referred to the Ethics Committee. It should be investigated. There should be due process. There should be a back and forth before you issue a censure.’

Mace excoriated her Republican colleagues who voted to table.

‘They didn’t stand with Charlie Kirk. They didn’t stand with the millions of Americans mourning his death. They stood with the one who mocked his legacy. They showed us exactly who they are. And we won’t forget,’ said Mace in a statement.

But censure is now en vogue.

The House censured no members between Studds in 1983 and late Rep. Charlie Rangel, D-N.Y. in 2010. But five Members have felt the weight of censure since 2021.

The House voted to censure Rep. Paul Gosar, R-Ariz., for posting a cartoon video depicting him killing Ocasio-Cortez.

Republicans then began returning the favor.

The House voted to censure former Rep. and now Sen. Adam Schiff, D-Calif., for how he handled the Russiagate investigation. Rep. Rashida Tlaib, D-Mich., faced censure for her comments after Hamas attacked Israel. The House censured former Rep. Jamaal Bowman, D-N.Y., for pulling a false fire alarm. And the House voted earlier this year to censure Rep. Al Green, D-Texas, for heckling President Trump during his State of the Union speech. 

Members have embraced censure lately. Those censured have characterized it as a ‘badge of honor.’ They’ve fundraised off censure. Their colleagues have even engineered a pep rally in the well of the chamber to drown out the House Speaker when he issues the censure.

This probably won’t be the House’s last dalliance into the realm of censure.

‘It just seems like every week or so we want to censure somebody for something,’ lamented Rep. Troy Nehls, R-Tex., who is no fan of Omar. ‘A lot of people say a lot of stupid stuff around here.’ 

This is Congress. So you can bet that someone will say some ‘stupid stuff’ soon. And unless lawmakers can restore some calm, there will be another effort to censure someone else any day now.

This post appeared first on FOX NEWS

In the end, Disney and ABC had absolutely no choice but to rehire Jimmy Kimmel.

The reason the late-night host is returning to the air tonight is that this whole thing has been an utter PR debacle for ABC, and more personally for Disney chief Bob Iger, who even got whacked by his predecessor as CEO, Michael Eisner, accusing him of bowing to ‘out-of-control intimidation.’

I don’t think I’m going out on a limb in saying that Iger’s reputation is shattered forever.

The company became the poster child as a high-profile opponent of free speech — a deadly label for a news organization like ABC.

So the ‘indefinite’ suspension is over.

I could sniff that things were moving in this direction when I learned the two sides were talking. And when Disney asked Kimmel for a second meeting the other day, I knew the only question was which day he’d be back.

Let’s revisit the dumb and inaccurate comment that got Kimmel in trouble. And remember, like Stephen Colbert, he is so vociferously anti-Trump that he surrendered half his audience:

‘We hit some new lows over the weekend with the MAGA gang desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them.’  

First, it was beyond tone-deaf, with feelings rubbed so raw over Charlie Kirk’s assassination. And the killer is not ‘MAGA,’ just another crazed lunatic who said he was acting out of ‘hatred’ for Kirk, but also sympathetic to gays and transgender people like his roommate and romantic partner.

At the same time, there was pressure from the FCC, with Chairman Brendan Carr blundering by saying he would act on Kimmel if ABC didn’t. Even Carr’s allies, like Ted Cruz, said he sounded like a mob boss by declaring ‘we can do it the easy way or the hard way.’

Nice little network you got here – be a shame if anything happened to it. Carr walked it back the next day.

What Kimmel said wasn’t the worst thing ever uttered on the air, and maybe in a month it would have passed unnoticed. But not so soon after the targeted assassination.

With that kind of blatant government pressure, ABC caved and took Kimmel off the air as he was about to tape last Wednesday’s show – and was said to be preparing an even tougher monologue about the Kirk killer. Again, he failed to read the electronic room.

It was downhill from there.

For anyone who believes in free speech – and that includes some Democrats who don’t agree with Kirk on just about anything–Disney and ABC were now the enemy.

Howard Stern, Kimmel’s closest friend – their families vacation together – said yesterday he had canceled his Disney+ subscription, as did Robin Quivers. After conferring with Kimmel, he said on his first live show since the suspension:

‘When the government says, ‘I’m not pleased with you, so we’re going to orchestrate a way to silence you,’ it’s the wrong direction for our country. It isn’t good.’

Stern called the suspension ‘horrible’ and ‘outrageous’ for such a ‘big talent… You can’t support this kind of a move. I don’t care whether you like Jimmy or not. It’s about freedom of speech. If ABC wanted to fire Jimmy because they didn’t like him, or he had low ratings — they didn’t want to fire him. They’re being pressured by the United States government. We can’t have that, not if we’re going to have a democracy.’

Howard has an awful lot of followers on Sirius XM that would take their cue from him. 

Some 400 celebrities signed an ACLU letter calling this ‘a dark moment for freedom of speech in our nation.’ These include Jennifer Aniston, Jason Bateman, Robert De Niro, Jane Fonda, Selena Gomez, Tom Hanks, Olivia Rodrigo, Ben Stiller, Jamie Lee Curtis, Julia Louis-Dreyfus, Maggie Gyllenhaal, Michael Keaton, Regina King, Diego Luna, Lin-Manuel Miranda, Natalie Portman, Maya Rudolph, Martin Short and Kerry Washington.

This is the kind of thing that Hollywood really cares about, the bold-faced names.

Kimmel is said to be concerned about the jobs of dozens of producers, staff members and contractors who would lose their livelihoods if the show was deep-sixed.

Disney made a point of saying in its statement that Kimmel was suspended because ‘we felt some of the comments were ill-timed and thus insensitive.’ But ‘thoughtful’ conversations led to Jimmy’s return.

Whether you like Kimmel or not, no company can withstand that kind of pressure, even if it goes against the wishes of Donald Trump, who celebrated the suspension.

Now here’s the challenge Kimmel and Disney/ABC faced.

The suits had already been urging Kimmel to tone down the attacks against Trump. But Kimmel, who has hosted the program since 2003, and parlayed that into Oscars-hosting gigs, has always insisted on his independence. He’s arguably the most famous face at the network.

I played a small role in this last year by asking Trump about Kimmel after the Oscars, and the candidate slammed him, escalating their feud. Jimmy even took a swipe at me (horrors).

So perhaps with a wink and a nod, Kimmel has now agreed to tone things down a tad and the brass has agreed to let him basically say what’s on his mind.

Jimmy Kimmel is the only clear winner in this.

Everyone else – Disney, Bob Iger, Brendan Carr, ABC – is unmistakably a loser and will forever be branded, fairly or otherwise, as cowardly opponents of free speech.

And hey, ratings for tonight’s show should be through the roof. 

This post appeared first on FOX NEWS

President Donald Trump will highlight the ‘return of American strength’ in his second administration during his speech at the United Nations General Assembly Tuesday, while delivering ‘blunt’ and ‘tough talk’ about the ‘failures of globalism,’ a White House official told Fox News Digital.

The president is scheduled to deliver his first address of his second administration at the UN General Assembly in New York City Tuesday just before 10 a.m.

A White House official gave Fox News Digital an exclusive preview of the president’s address.

‘President Trump has effectively restored American strength on the world stage,’ a White House official told Fox News Digital. ‘His historic speech at the United Nations General Assembly will highlight his success in delivering peace on a scale that no other president has accomplished, while simultaneously speaking bluntly about how globalist ideologies risk destroying successful nations around the world.’

The president is expected to highlight his successful efforts to negotiate peace around the world—specifically, Armenia and Azerbaijan; Thailand and Cambodia; Rwanda and the Democratic Republic of the Congo; among others.

The president is also expected to highlight his strikes against narcoterrorists from Venezuela.

Earlier this month, a U.S. military strike blew apart a Venezuelan drug boat in the southern Caribbean, leaving nearly a dozen suspected Tren de Aragua narcoterrorists dead. And last week, the president announced that the U.S. military had carried out its second kinetic strike on Venezuelan drug trafficking cartels.

Also last week, the president announced that he ordered a lethal strike on a vessel allegedly linked to a designated terrorist organization conducting narcotrafficking in the U.S. Southern Command’s area of responsibility. That strike left three narcoterrorists dead.

‘Intelligence confirmed the vessel was trafficking illicit narcotics, and was transiting along a known narcotrafficking passage en route to poison Americans,’ Trump posted to his Truth Social announcing the strike.

The president is also expected to highlight his ‘Operation Midnight Hammer,’ which marked the largest B-2 operational strike in history and represented the United States’ move to deliver a decisive blow against Iran’s nuclear program back in June.

Trump’s historic precision strikes on Iran’s nuclear sites hit their targets and ‘destroyed’ and ‘badly damaged’ the facilities’ critical infrastructure—an assessment agreed upon by Iran’s Foreign Ministry, Israel, and the United States.

Trump is also set to detail his work to ‘deliver historic peace deals in decades-long conflicts,’ the official told Fox News Digital.

Meanwhile, the president’s speech will also feature ‘some blunt, tough talk about the failures of globalism.’

‘This will include the global migration regime, energy and climate, and how these ideologies pushed by globalists are on the verge of destroying successful nations,’ a White House official told Fox News Digital.

The president is also expected to discuss America’s position as a ‘defender of western civilization.’

‘As the president delivers peace in major conflicts around the world, what has the United Nations been doing?’ the official said.

After his speech at the United Nations, the president is expected to have meetings with the Secretary-General of the United Nations, António Guterres; Ukrainian President Volodymyr Zelenskyy; the president of Argentina, Javier Milei; and the president of the European Commission, Ursula von der Leyen.

The president is also scheduled to have a multilateral meeting with leaders from Qatar, Jordan, Turkey, Pakistan, Indonesia, Egypt, the UAE and Saudi Arabia.  

This post appeared first on FOX NEWS

Investor Insight

West High Yield’s advanced-stage Record Ridge magnesium silica project is progressing through the final approval process. Supported by a positive pre-feasibility study and the Osoyoos Indian Band, the project is well-positioned to advance toward development.

Overview

West High Yield (TSXV:WHY,FSE:W0H) is an exploration and development mining company focusing on strategic critical minerals with a high-grade magnesium/silica/nickel/iron project nearing production. The company’s Record Ridge property project leverages the opportunity to create a new supply of magnesium outside of China and Russia. West High Yield has an experienced management team ready to bring its project to production.

West High Yield’s advanced 100-percent-owned Record Ridge magnesium project in British Columbia, Canada is poised to create a secure, strategic domestic supply chain to cater to North America’s magnesium and silica demand. The company has received a draft permit from the British Columbia Ministry of Mining and Critical Minerals outlining the proposed conditions for proceeding with planned extraction activities. WHY has undertaken a thorough review of the permit, working with internal and external subject matter experts to evaluate the requirements and ensure all technical, environmental, and operational considerations are fully addressed.

Once production commences, West High Yield will start generating cash flow through the sale of ore and will seek additional offtake agreements.

The Record Ridge asset has one of the largest and highest-grade magnesium/silica deposits in North America, and globally. The company’s resource estimate shows 43 million tonnes (Mt) of ore at 24.6 percent magnesium, which implies a world-class asset containing 10.6 Mt of magnesium. The resource further contains 18.9 Mt of silica (Si02), 3.8 Mt of iron (Fe203) and 103,200 tonnes of Nickel (NiO). In addition, West High Yield’s pre-feasibility study indicates strong economics with an after-tax NPV of 5 percent of $872 million, an internal rate of return (IRR) of 72 percent over a 172-year mine life, and payback in 1.5 years.

Additionally, the company has developed a green mining and refinement process to minimize carbon emissions during production. This green process utilizes over 94 percent of the ore extraction, not only of magnesium but substantial saleable quantities of silica, nickel and iron. Magnesium is widely used in renewable energy technologies, so maintaining a strong ESG rating is essential for downstream manufacturing.

Record Ridge magnesium mine project general plan

WHY continues to engage with the local community and government on the Record Ridge permitting process and with the plans to begin construction and mining. In 2023, WHY Resources signed a cooperation agreement with the Osoyoos Indian Band (OIB). The agreement ensures OIB oversight to protect environmental and economic interests, with OIB’s Skemxist Solutions providing services for construction and mining operations.

An experienced management team with expertise throughout the mining industry leads the company towards fully leveraging its promising asset. Experts in geology, corporate administration and engineering create confidence in the team’s ability to reach its goals.

Company Highlights

  • Flagship Asset for North America: West High Yield’s Record Ridge project has the potential to strengthen and secure North America’s onshore strategic critical mineral supply chain, reducing reliance on China and Russia for magnesium, silica, and nickel.
  • Advancing Toward Production: West High Yield has received a draft permit from the British Columbia Ministry of Mining and Critical Minerals setting out the proposed conditions for proceeding with planned extraction activities.
  • Strong Economic Viability: A completed pre-feasibility study confirms robust project economics, supporting WHY’s commitment to moving forward with development.
  • Sustainable, Low-Emission Operations: WHY prioritizes clean energy solutions, aiming to minimize emissions and maintain a strong ESG rating. The company’s low-cost, high-quality magnesium, silica, nickel, and iron products are produced with virtually zero CO₂ emissions.
  • Experienced Leadership: A seasoned management team is steering WHY toward fully unlocking the potential of its assets, driving the company’s vision for a sustainable and strategically valuable critical minerals operation.

Key Project

Record Ridge Magnesium Mine

Record Ridge commercial proprietary hydrometallurgical process

The 100-percent-owned Record Ridge project spans 8,972 hectares, approximately 7.5 kilometers southwest of Rossland, BC. The project is only 5 kilometers away from the US-Canadian border and has excellent regional infrastructure, including power, water, roads, a proximate labor force and transportation. Permit application process is in its final stage with a draft permit under review and a final permit expected in the near term. .

Project Highlights:

  • Nearing Production: The advanced-stage project is in the final technical review for its mining permit to initiate production. Once in production, the company expects to generate cash flow from ore sales, pursue additional offtake agreements, and leverage positive cash flow to advance development of the property’s gold deposits.
  • Sustainable Production with Minimal Carbon Emissions: The HCI leaching process the company will be using produces minimal CO2 emissions. The company’s specific process was developed to recycle the HCI and produce virtually no waste and low environmental impact. These efforts result in a top-tier ESG rating that will reflect on downstream manufacturers.

High Purity MgO Plant

WHY is developing an advanced-stage Magnesium Oxide (MgO) Plant focused on producing multiple critical and strategic mineral products. The project is on track for a feasibility study in 2025 and aims to deliver high-purity MgO (>99 percent) and Mg(OH)₂, with valuable byproducts including nickel (Ni), iron (Fe), and silica (SiO₂).

A 2022 Pre-Feasibility Study (PFS) highlighted the project’s strong economics, demonstrating a rapid 1.5-year payback period. Additionally, a market study supports a premium pricing outlook, with baseline prices of US$1,500/Mt for >98 percent MgO and US$2,200/Mt for >99 percent MgO.

The company will commence pilot plant testing, followed by a feasibility study for the commercial-scale plant, scheduled for 2025.

Management Team

Frank Marasco Jr. – Founder, President, CEO and Director

Frank Marasco is the founder of West High Yield Resources. Marasco is also president and director of Big Mountain Development Corp. Over the course of 45 years, Marasco has built and sold 47 successful businesses, including hotels, motels, rental units, RV and mobile home parks, apartments, retail liquor stores, pubs, nightclubs and a retail mall. At the age of 47, he retired and later entered the business sector, focusing on oil and mining. He had purchased 81 oil and gas development sections in S.E. Saskatchewan in the Bakken, as well as gold mines in Rossland, BC. After briefly exploring for and finding gold on the project, Marasco and his team then discovered what is now a world-class, 2,000-acre, high-grade, low-cost, critical mineral magnesium deposit known as Record Ridge.

Barry Baim – Director and Corporate Secretary

Barry Baim brings over 35 years of activating and inspiring teams to achieve profitable revenue growth. His senior leadership experience is diverse having held executive positions with both private and public companies including Tier one CPG and in the natural resource sector mining site development projects in oil sands, 3d seismic, logistics, remote lodging, and other service-related entities in energy, oil, and gas. Baim is currently a director for KMKR Holdings and a past board member with SGV Canada, Millennium Seismic, Paradigm Chemical Technologies, Camelot Exploration and Siksika Resource Developments Ltd.

Patricia L. Nelson – Director

Patricia Nelson was controller for Sabre Petroleum’s, Petroterra Natural Resources and manager of Financial Control for Suncor. She is the vice-chair and director of the In Situ Oil Sands Alliance, director of Altalink, and director of Optiom. Nelson served 15 years as an elected member of the Legislature of Alberta. She was appointed and served as minister of energy, minister of economic development and tourism, minister of government services, and finally, was appointed minister of finance. She served 12 years as a member of the treasury board and the agenda and priorities committee of the government. An active member of the community, she supports charitable organizations such as the kidney foundation, the cancer foundation, heart and stroke and juvenile diabetes.

Maria Marasco – Director

Maria Marasco is an independent businesswoman who has provided services in corporate restructuring finance, acquisitions, and strategic planning. She is also responsible for overseeing management information systems, human resource strategies, and property management systems.

Shelina Hirji – Chief Financial Officer

Shelina Hirji is a designated accountant with over 38 years of experience in infrastructure construction, oil and gas exploration, and mining. Hirji has been engaged in the oil and gas industry since early 1990, starting with various senior accounting and management roles in both public and private companies with extensive participation in growth opportunities. She has been a key member of the executive management team, assuming a strategic role in the overall management of the company. Hirji’s experience in financial management includes financial reporting, corporate accounting, budgeting and forecasting, as well as stewardship of internal controls. Hirji is a member of the Chartered Professional Accountants of Alberta and the advisory committee for the TSX Venture Exchange.

Fouad Kamaleddine – Advisor

Dr. Fouad Kamaleddine is the founder/principal of AIS Inc., an integrated mining consulting partnership that provides technical services to mining companies including processing and metallurgy, project development and engineering studies. He has been an officer and director of many public and private mining companies. Kamaleddine has over 20 years of academic and industry experience with demonstrated success in conducting challenging industrial research leading to several inventions and multiple achievement awards.

Rick Walker – P. Geologist and P. Engineer

Rick Walker has over 25 years of geological and structural mapping experience in the mineral exploration industry. Walker has a strong background, ranging from structurally complex areas to advanced exploration property definition. In addition, he has worked on a wide variety of deposit types, including porphyries, sedimentary exhalative, volcanogenic massive sulphides, low tonnage vein-type, industrial minerals; gold, silver, base metals, rare to strategic metals and diamonds. Walker has delivered significant geological value throughout his career for companies, ranging from junior to major resource companies, both nationally and internationally.

He has also served as a volunteer for industry-related organizations, serving for 12 years as president of the East Kootenay Chamber of Mines, five years as a director of the BC and Yukon Chamber of Mines (now the Association of Mineral Exploration for BC), on the committee that developed the initial Mineral Exploration Code for BC and as an industry representative in the Commission on Resources and Environment (CORE) process resulting in the East Kootenay Land Use Plan.

Corey Peck – Junior Geologist

Corey Peck is a junior geologist who came to West High Yield Resources in the spring of 2007. He studied at the University of Calgary, where he received a B.Sc. in geology, with a minor in earth science. He has extensive training in both the field and lab settings. His skill set encompasses all aspects of geology, geophysics and geography, with particular emphasis on geotechnical logging, mineralogy and mapping. He currently resides full-time in Rossland, BC.

This post appeared first on investingnews.com

Like its sister metal gold, silver has been attracting renewed attention as a safe-haven asset.

Although it continues to exhibit its hallmark volatility, many silver investors believe that a bull market is starting up for the precious metal. Experts are optimistic about the future, and as the silver price’s momentum continues above US$40 in 2025, investors are looking for price forecasts and asking, “What was the highest price for silver?”

The answer reveals how much potential there is for the silver price to rise. Read on for a look at silver’s historical moves, and what they could mean for both the price of silver today and the white metal’s price in the future.

In this article

    How is silver traded?

    Before discovering what the highest silver price was, it’s worth looking at how the precious metal is traded. Knowing the mechanics can be useful in understanding why and how its price changes on a day-to-day basis and beyond.

    Put simply, silver bullion is traded in dollars and cents per ounce, with market activity taking place worldwide at all hours, resulting in a live silver price. Key commodities markets like New York, London and Hong Kong are just a few locations where investors trade the metal. London is seen as the center of physical silver trade, while the COMEX division of the New York Mercantile Exchange, called the NYMEX, is where most paper trading is done.

    There are two popular ways to invest in silver. The first is through purchasing silver bullion products such as bullion bars, bullion coins and silver rounds. Physical silver is sold on the spot market, meaning that in order to invest in silver this way, buyers pay a specific price for the metal — the silver price per ounce — and then have it delivered immediately.

    The second is accomplished through paper trading, which is done via the silver futures market, with participants entering into futures contracts for the delivery of silver at an agreed-upon price and time. In such contracts, two positions can be taken: a long position to accept delivery of the metal or a short position to provide delivery.

    Paper trading might sound like a strange way to get silver exposure, but it can provide investors with flexibility that they wouldn’t get from buying and selling bullion. The most obvious advantage is perhaps the fact that trading in the paper market means silver investors can benefit long term from holding silver without needing to store it. Furthermore, futures trading can offer more financial leverage in that it requires less capital than trading in the physical market.

    Market participants can also invest in silver through exchange-traded funds (ETFs). Investing in a silver ETF is similar to trading a stock on an exchange, and there are several silver ETFs to choose from. Some ETFs focus on physical silver bullion, while others focus on silver futures contracts. Still others focus on silver stocks or follow the live silver price.

    What is silver’s all-time high price?

    The silver all-time high was US$49.95 per ounce, a level it reached on January 17, 1980.

    However, the price didn’t exactly reach that level by honest means. As Britannica explains, two wealthy traders called the Hunt brothers attempted to corner the market by buying not only physical silver, but also silver futures — they took delivery of those silver futures contracts instead of taking legal tender in the form cash settlements.

    Their exploits ultimately ended in disaster: On March 27, 1980, they missed a margin call and the silver market price plunged to US$10.80. This day is infamously known as Silver Thursday.

    That record silver price wouldn’t be tested again until April 2011, when it reached US$47.94. This was more than triple the 2009 average silver price of US$14.67, with the price uptick coming on the back of very strong investment demand.

    Silver’s price history since 2011

    Silver price chart, September 22, 2005, to September 22, 2025.

    Chart via SilverPrice.org.

    After its 2011 peak, silver’s price pulled back over the following years before settling between US$15 and US$20 for much of the second half of last decade. An upward trend in the silver price started in mid-2020, when it was spurred on by the economic uncertainty surrounding the COVID-19 pandemic. The price of silver breached the key US$26 level in early August 2020, and soon after tested US$30. However, it failed to make substantial progress past that.

    In the spring of 2023, the silver price surged by 30 percent, briefly rising above US$26 in early May; however, the precious metal cratered back down to US$20.90 in early October. Later that month, silver advanced toward the US$23 level on the back of safe-haven demand due to the outbreak of the Israel-Hamas war.

    Following remarks from US Federal Reserve Chair Jerome Powell, speculation about interest rate reductions sent the price of silver to US$25.48 on November 30, its highest point for the fourth quarter.

    After starting 2024 on a low note, the white metal saw gains in March on rising Fed rate cut expectations. The resulting upward momentum led silver to reach a Q1 high of US$25.62 on March 20 before breaking through the US$30 mark on May 17. The silver price reached a then 12 year high of US$32.33 on May 20. In Q3, the metal’s price slid down below the US$27 mark to as low as US$26.64 by August 7 alongside its industrial cousin copper.

    Heading into Q4 2024, silver reversed course to the upside, tracking the record breaking moves in the gold price. Silver once again breached the US$30 level on September 13 and continued higher. On October 21, the silver price moved as high as US$34.20 during the trading day, up more than 48 percent since the start of the year and its highest level in 12 years. However, silver spent the rest of the year in decline, bottoming out at US$28.94 on December 30.

    Silver price performance in 2025

    Silver price chart, December 31, 2024, to September 22, 2025.

    The silver price experienced a momentum shift at the start of 2025, breaking through the US$30 barrier as early as January 5, and reached US$31.31 by January 29. The metal continued to post gains through much of February and March, climbing to US$32.94 on February 20 and then peaking at its quarterly high of US$34.21 on March 28.

    Following US President Donald Trump’s tariff announcements on April 2, silver slumped to below US$30. While the Trump administration’s tariff policies have been largely beneficial for safe-haven assets like precious metals, there were concerns that the threat of tariffs could weaken industrial demand, which could cool price gains in the silver market.

    Yet those concerns were pushed to the back burner as recent economic and geopolitical events have raised analysts’ expectations of a September rate cut by the Fed. The benchmark rate has not changed since November 2024.

    On June 5, the silver price rose to a 13 year high of US$36.05 in early morning trading, before retreating toward the US$35.50 mark. By June 16, the white metal had broken through the US$37 mark for the first time since May 2011.

    In July, increasing geopolitical strife in the Middle East and Russia-Ukraine coupled with a positive outlook for China’s solar power industry proved price positive for both silver’s precious metals and industrial angles.

    The silver price overtook the US$39 level to reach US$39.24 on July 22.

    These same forces, coupled with the nearly unanimous rate cut expectations, launched the price of silver to over US$40 on August 31 for the first time since 2011, and by September 3 it had climbed as high as US$41.45.

    The price of silver continued climbing rapidly through September, breaking through US$42, US$43 and US$44 per ounce. Silver set its latest 14 year high of US$44.11 per ounce during trading on September 22.

    While it has yet to surpass its all time high in US dollars set in 1980, the silver price has now beat its all-time highs in most currencies, including Canadian dollars and Australian dollars.

    Silver supply and demand dynamics

    Market watchers are curious as to whether the silver price will continue its upward trajectory in 2025. Only time will tell, and it will depend on the white metal’s ability to remain above the critical US$30 level.

    Like other metals, the silver spot price is most heavily influenced by supply and demand dynamics. However, as the information above illustrates, the silver price can be highly volatile. That’s partially due to the fact that the metal is subject to both investment and industrial metal demand within global markets.

    In other words, it’s bought by investors who want it as a store of wealth, as well as by manufacturers looking to use it for different applications that are incredibly varied. For example, silver has diverse technological applications and is used in devices like batteries and catalysts, but it’s also used in medicine and in the automotive industry.

    In terms of supply, the world’s three top producers of the metal are Mexico, China and Peru. Even in those countries silver is usually a by-product — for instance, a mine producing primarily gold or lead might also have silver output.

    The Silver Institute’s latest World Silver Survey, put together by Metals Focus, outlines a 0.9 percent increase in global mine production to 819.7 million ounces in 2024. This was in partly the result of a return to operations at Newmont’s (TSX:NGT,NYSE:NEM,ASX:NEM) Peñasquito mine in Mexico following a suspension of activity brought about by strike action among workers and improved recoveries out of Fresnillo (LSE:FRES,OTC Pink:FNLPF) and MAG Silver’s (TSX:MAG,NYSEAMERICAN:MAG) Juanicipio. Silver output also increased in Australia, Bolivia and the US.

    The firm is forecasting a 1.9 percent rise in global silver mine production to 823 million ounces in 2025. Much of that growth is expected to come out of Mexico, and it is also projecting output will rise in Chile and Russia.

    Lower production from Australia and Peru will offset some of these gains.

    Looking at demand, Metals Focus sees growth in 2025 flatlining as industrial fabrication takes a hit from the global tariff war. This could be tempered by an anticipated rebound in demand from physical investment in silver bars and coins.

    The silver market is expected to experience a substantial deficit of 117.6 million ounces in 2025, amounting to the sixth straight year of supply shortage for the metal.

    Is the silver price manipulated?

    As a final note on silver, it’s important for investors to be aware that manipulation of prices is a major issue in the space.

    For instance, in 2015, 10 banks were hit in a US probe on precious metals manipulation. Evidence provided by Deutsche Bank (NYSE:DB) showed “smoking gun” proof that UBS Group (NYSE:UBS), HSBC Holdings (NYSE:HSBC), the The Bank of Nova Scotia (TSX:BNS) and other firms were involved in rigging silver rates from 2007 to 2013. In May 2023, a silver manipulation lawsuit filed in 2014 against HSBC and the Bank of Nova Scotia was dismissed by a US court.

    JPMorgan Chase & Co. (NYSE:JPM) has been long at the center of silver manipulation claims as well. For years the firm has been in and out of court for the accusations. In 2020, JPMorgan agreed to pay US$920 million to resolve federal agency probes regarding the manipulation of multiple markets, including precious metals.

    In 2014, the London Silver Market Fixing stopped administering the London silver fix, which had been used for over a century to fix the price of silver. It was replaced by the LBMA Silver Price, which is run by ICE Benchmark Administration, in a bid to increase market transparency.

    Market watchers like Ed Steer have said that the days of silver manipulation are numbered, and that the market will see a significant shift when the time finally comes.

    Investor takeaway

    Silver has neared US$50 multiple times, including its all-time high, and as momentum continues for the silver price in 2025 investors are wondering if it could reach those heights once again.

    While it’s impossible to know for sure what’s next for silver, keeping an eye on the factors driving its performance, including gold’s performance, geopolitics, the economy and industrial demand, will help investors make decisions on when to buy and sell.

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

    This post appeared first on investingnews.com