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Silver is increasingly being used in industrial applications such as electronics, medicine, solar energy, electromobility, batteries and AI data centers. Not only gold, but also silver is benefiting in terms of price from economic and geopolitical uncertainties. At the same time, the US dollar has also fallen due to fears of recession in the US, which is having a positive effect on the price of silver. In response to the US tariffs and tariff threats, Canada has also announced the prospect of tariffs of 25% on silver. The USA must now import more silver from London. If a silver shortage develops in London, this will probably push silver prices even higher. A record low has already been reached in London. Around 70 percent of silver imported by the US comes from Canada and Mexico and silver demand in the US is increasing. Incidentally, anyone interested in silver coins will probably like the largest silver maple leaf bullion coin recently issued by the Royal Canadian Mint. It weighs ten kilograms and is made of 999 silver with a purity of 99.99 percent. 299 pieces were minted.

Forecasts for the price of silver in 2025 range between 32 and 40 US dollars per troy ounce. From a long-term perspective, even triple-digit prices are being quoted due to strong industrial demand. The silver market is likely to remain undersupplied this year. And China’s central bank is buying silver as well as gold, recently even in larger quantities. For chart technicians, the 35 US dollar mark is an important hurdle for the silver price, which has often acted as strong resistance. Should the precious metal now overcome this hurdle, the way could be paved for significantly higher silver prices. Companies such as Discovery Silver or Fortuna Mining should be pleased.

Discovery Silver – https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ – has solid silver and silver-zinc-lead projects in Mexico. The Cordero project is one of the world’s largest silver resources. The company has just acquired Newmont’s Porcupine mine and is therefore also focusing on gold.

Fortuna Mining – https://www.commodity-tv.com/ondemand/companies/profil/fortuna-mining-inc/ – is successfully producing gold and silver (a record amount of almost 370,000 ounces of gold and more than 3.7 million ounces of silver in 2024) at its five active mines in West Africa and Latin America.

Current company information and press releases from Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-corp/ -) and Fortuna Mining (- https://www.resource-capital.ch/en/companies/fortuna-mining-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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