Themes / Group
Inactive · established relationshipLatest completed snapshot · 16:08 ET

MARKET-DISCOVERED GROUP

Precious Metals

THE TRADER READBroad relative move, confirmed beyond the cohort—but not by flow

4 of 7 measured session-normalized paths align to the upside across 6.0 effective names. CDE, RGLD are also moving with filing-linked members. Capital-flow agreement is 13%, so the basket is not yet clean. No verified headline preceded the measured move.

Price breadth4 up · 3 down+0.4% session-normalized median path
Capital-flow alignment13%Price breadth is not yet confirmed by flow
Activity nowCalmActivity score 0/100 · lift 0.8×
Evidence depth3 support daysLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

4 timed events · 15:30–15:55 ET
TIMING READNo verified timestamped headline was found within 24 hours of the first measured price move in the available common-bar window. The move currently reads as market-led or unexplained.
  1. 5-minute inferenceUSAS registered the first material downside path

    -0.59% session path at the threshold · USAS

  2. 5-minute inferenceNEWP registered a material upside path

    +0.77% session path at the threshold · NEWP

  3. 5-minute inferenceWPM registered a material upside path

    +1.12% session path at the threshold · WPM

  4. 5-minute inferenceAUGO registered a material upside path

    +1.66% session path at the threshold · AUGO

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.
THEME CONSTRUCTION

Broad move or one-stock disguise?

Session-normalized 5m paths

Observed movement is broad across 6.0 effective names. NG represents 22.1% of absolute path energy; 4 of 7 members align with the up relative path.

ConstructionBroad22.1% from the largest path
Effective names6.0 / 7Movement diversity after concentration
Direction breadth4/7 alignedupside relative path · 3 counter-moving
Largest moverNG 22.1%42.6% from the top two paths
NG22.1%Counter-move · path -2.09% · basket -0.30pp
WPM20.5%Aligned contributor · path +1.95% · basket +0.28pp
SVM18.7%Counter-move · path -1.77% · basket -0.25pp
USAS12.4%Counter-move · path -1.18% · basket -0.17pp
AUGO12.2%Aligned contributor · path +1.16% · basket +0.17pp
NEWP10.0%Aligned contributor · path +0.95% · basket +0.14pp
PSLV4.0%Aligned contributor · path +0.38% · basket +0.06pp
Top six names by movement share are shown. Movement share measures absolute 5-minute path energy; signed basket contribution is equal-weight. Neither is a portfolio weight or causal attribution.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
HOW THE PRICE MOVE SPREAD

Observed session sequence

5-minute bars · inferred
  1. USAS moved lower firstFirst member to clear the material path threshold · path -0.59%
  2. NEWP registered a material higher path5m after the first price move · path +0.77%
  3. WPM registered a material higher path1070m after the first price move · path +1.12%
  4. AUGO registered a material higher path1070m after the first price move · path +1.66%
  5. PSLV registered a material higher path1070m after the first price move · path +1.53%
  6. NG registered a material lower path1175m after the first price move · path -1.11%

Sequence inferred from aligned 5-minute price paths; it is not a causal ordering.

RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized
Sep 10 · 15:30 ETMove visible 09:30 ETSep 11 · 15:55 ET
Group median +0.38%Strongest relative path WPMWeakest relative path NG

Observed member paths normalized to the session. The dashed marker shows when the median move first cleared a material threshold; shading marks the latest 20% of the observed window.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

No high-confidence shared filing driver is available. The market relationship is observed, but the cause remains unexplained.

CONFIRMATION NETWORK

Outsiders and cross-asset links

2 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

CDEMoving with group

NG · text peer

RGLDMoving with group

NG · text peer

NEMNot confirming

NG · text peer

DCNot confirming

NG · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
WPMSVMNGAUGOUSASPSLVNEWP

4/7 active4 rising · 3 falling

MemberUnusual activityToday's moveRead now
WPMWheaton Precious Metals Corp.
Most unusual · 100/100
+2.1%
Aligned price + flowActive in 0% of observed group sessions
SVMSilvercorp Metals Inc.
Elevated · 95/100
-1.6%
Counter-move / dispersionActive in 0% of observed group sessions
NGNovaGold Resources Inc.
Elevated · 91/100
-1.6%
Counter-move / dispersionActive in 0% of observed group sessions
AUGOAura Minerals Inc.
Elevated · 42/100
+1.1%
Aligned price + flowActive in 0% of observed group sessions
USASAmericas Gold and Silver Corporation
Quiet · 0/100
-1.2%
Watch / laggardActive in 0% of observed group sessions
PSLVSprott Physical Silver Trust
Quiet · 0/100
+0.4%
Watch / laggardActive in 0% of observed group sessions
NEWPNew Pacific Metals Corp.
Quiet · 0/100
+0.3%
Watch / laggardActive in 0% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
WPMWheaton Precious Metals Corp.Most unusual+2.1%0% of 0 sessionsMost unusual activity in this snapshot; performance direction may differ.
SVMSilvercorp Metals Inc.Participating-1.6%0% of 0 sessionsPrice participation with accumulating signed flow.
NGNovaGold Resources Inc.Participating-1.6%0% of 0 sessionsPrice participation with distributing signed flow.
AUGOAura Minerals Inc.Participating+1.1%0% of 0 sessionsPrice participation with distributing signed flow.
USASAmericas Gold and Silver CorporationQuiet / lagging-1.2%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
PSLVSprott Physical Silver TrustQuiet / lagging+0.4%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
NEWPNew Pacific Metals Corp.Quiet / lagging+0.3%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

Only point-in-time live watcher observations and conservative same-day EOD observations are included. Later backfills and replay runs are excluded.
Low structural sample

Only 0 completed episodes across 0 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support3 daysHow often the cohort identity was observed
Completed episodes0Separate periods of broad group activity
Active sessions0Completed session observations, not trades
2026-09-087 names in the durable cohort
2026-09-046 names in the durable cohort
2026-09-024 names in the durable cohort
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
AUGO0% · 0 episodes
NEWP0% · 0 episodes
NG0% · 0 episodes
PSLV0% · 0 episodes
SVM0% · 0 episodes
USAS0% · 0 episodes
WPM0% · 0 episodes