Themes / Group
Inactive · established relationshipLive session · 04:10 ET

MARKET-DISCOVERED GROUP

Precious Metals Miners

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

9 of 10 measured session-normalized paths align to the upside across 8.8 effective names. SCCO, AR are also moving with filing-linked members. Capital-flow agreement is 45%, so the basket is not yet clean. No verified headline preceded the measured move.

Price breadth9 up · 1 down+3.2% session-normalized median path
Capital-flow alignment45%Price breadth is not yet confirmed by flow
Activity nowCalmActivity score 17/100 · lift 0.8×
Evidence depth3 support daysLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

4 timed events · 09:30–15:55 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 inferenceASM registered the first material upside path

    +1.66% session path at the threshold · ASM

  2. 5-minute inferenceGAU registered a material downside path

    -0.62% session path at the threshold · GAU

  3. 5-minute inferenceBTG registered a material upside path

    +1.25% session path at the threshold · BTG

  4. 5-minute inferenceEXK registered a material upside path

    +1.36% session path at the threshold · EXK

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 8.8 effective names. BTG represents 15.6% of absolute path energy; 9 of 10 members align with the up relative path.

ConstructionBroad15.6% from the largest path
Effective names8.8 / 10Movement diversity after concentration
Direction breadth9/10 alignedupside relative path · 1 counter-moving
Largest moverBTG 15.6%30.4% from the top two paths
BTG15.6%Aligned contributor · path +4.72% · basket +0.47pp
EXK14.8%Aligned contributor · path +4.47% · basket +0.45pp
FSM11.8%Aligned contributor · path +3.57% · basket +0.36pp
ASM11.2%Aligned contributor · path +3.39% · basket +0.34pp
AG10.5%Aligned contributor · path +3.18% · basket +0.32pp
HL10.5%Aligned contributor · path +3.18% · basket +0.32pp
AGI10.0%Aligned contributor · path +3.01% · basket +0.30pp
PAAS6.9%Aligned contributor · path +2.09% · basket +0.21pp
PSLV6.5%Aligned contributor · path +1.97% · basket +0.20pp
GAU2.1%Counter-move · path -0.62% · 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. ASM moved higher firstFirst member to clear the material path threshold · path +1.66%
  2. GAU registered a material lower path0m after the first price move · path -0.62%
  3. BTG registered a material higher path10m after the first price move · path +1.25%
  4. EXK registered a material higher path30m after the first price move · path +1.36%
  5. FSM registered a material higher path30m after the first price move · path +0.91%
  6. AGI registered a material higher path30m after the first price move · path +0.98%

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
Aug 25 · 09:30 ETMove visible 10:25 ETAug 25 · 15:55 ET
Group median +3.18%Strongest relative path BTGWeakest relative path GAU

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.

SCCOMoving with group

HL · text peer

ARMoving with group

HL · text peer

HYMCNot confirming

HL · text peer

LODENot confirming

HL · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
AGHLEXKAGIBTGFSMPAASASMGAUPSLV

5/10 active9 rising · 1 falling

MemberUnusual activityToday's moveRead now
AGFirst Majestic Silver Corp.
Most unusual · 100/100
+1.9%
Aligned price + flowActive in 0% of observed group sessions
HLHecla Mining Company
Elevated · 97/100
+2.5%
Aligned price + flowActive in 0% of observed group sessions
EXKEndeavour Silver Corp.
Elevated · 80/100
+3.1%
Aligned path contributorActive in 0% of observed group sessions
AGIAlamos Gold Inc.
Elevated · 54/100
+1.9%
Aligned price + flowActive in 0% of observed group sessions
BTGB2Gold Corp
Elevated · 53/100
+2.6%
Aligned price + flowActive in 0% of observed group sessions
FSMFortuna Mining Corp.
Quiet · 46/100
+2.2%
Watch / laggardActive in 0% of observed group sessions
PAASPan American Silver Corp.
Quiet · 37/100
+1.1%
Watch / laggardActive in 0% of observed group sessions
ASMAvino Silver & Gold Mines Ltd.
Quiet · 0/100
+1.8%
Watch / laggardActive in 0% of observed group sessions
GAUGaliano Gold Inc.
Quiet · 0/100
-0.8%
Watch / laggardActive in 0% of observed group sessions
PSLV"Sprott Physical Silver Trust"
Quiet · 0/100
+0.1%
Watch / laggardActive in 0% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
AGFirst Majestic Silver Corp.Most unusual+1.9%0% of 0 sessionsMost unusual activity in this snapshot; performance direction may differ.
HLHecla Mining CompanyParticipating+2.5%0% of 0 sessionsPrice participation with accumulating signed flow.
EXKEndeavour Silver Corp.Participating+3.1%0% of 0 sessionsPrice participation is not yet confirmed by per-name flow.
AGIAlamos Gold Inc.Participating+1.9%0% of 0 sessionsPrice participation with accumulating signed flow.
BTGB2Gold CorpParticipating+2.6%0% of 0 sessionsPrice participation with accumulating signed flow.
FSMFortuna Mining Corp.Quiet / lagging+2.2%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
PAASPan American Silver Corp.Quiet / lagging+1.1%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
ASMAvino Silver & Gold Mines Ltd.Quiet / lagging+1.8%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
GAUGaliano Gold Inc.Quiet / lagging-0.8%0% of 0 sessionsNot participating yet; a breadth test or a genuine divergence.
PSLV"Sprott Physical Silver Trust"Quiet / lagging+0.1%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
2026-08-2510 names in the durable cohort
2026-08-2410 names in the durable cohort
2026-08-217 names in the durable cohort
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
AG0% · 0 episodes
AGI0% · 0 episodes
ASM0% · 0 episodes
BTG0% · 0 episodes
EXK0% · 0 episodes
FSM0% · 0 episodes
GAU0% · 0 episodes
HL0% · 0 episodes
PAAS0% · 0 episodes
PSLV0% · 0 episodes