Introduction Hecla Mining Company (NYSE: HL) occupies a unique position within the global precious metals sector as the largest primary silver producer in the United States and Canada and a leading domestic producer of critical minerals. With more than 130 years of operating history, Hecla is the oldest precious metals mining company listed on the New York Stock Exchange in North America. Given its concentrated exposure to silver prices, Hecla functions as a leveraged equity proxy for movements in XAG/USD. Recent corrections in silver have weighed on the company’s valuation; however, when viewed through a long-term structural and Elliott Wave framework, these adjustments appear consistent with cyclical price behavior rather than indicative of deteriorating fundamentals. This analysis argue