Strong industrial demand brings the precious metal's highest price levels in more than a decade.
Silver prices have soared to their highest levels in more than 13 years, surpassing $35 per ounce. Late morning on Thursday, silver traded up 3.5% at $35.87, after topping $36 earlier in the session, the highest level since February 2012.
Silvercorp Metals Inc. is rated a "Buy" due to its strong financial position, cost-efficient operations, and positive outlook for silver prices. The company reported significant revenue and production increases in FY2025, driven by rising metal prices and efficient mining operations. Silvercorp's strategic focus includes generating free cash flow, organic growth, asset acquisitions, and responsible mining, enhancing shareholder value.
The strength of the rally in gold prices is outpacing that of silver so far this year. But here could be a rally waiting in the wings for the white metal.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Asset allocation is crucial for a balanced portfolio; the Global X Silver Miners ETF offers diversification by adding silver, which often moves independently of the indexes. Silver is not just a precious metal but essential for industrial applications, making it a valuable investment with growing demand in electronics, medicine, and more. SIL's top holdings include royalty companies like Wheaton Precious Metals Corp. and Osisko Gold Royalties, providing exposure to both silver and gold without direct mining risks.
Silver's rise and gold's contraction highlight a potential capital shift, with SIL ETF moving above recent highs. SIL's holdings do not show significant signs of overvaluation, especially from a forward-looking perspective. The macro outlook appears to remain positive for the precious metals sector, and silver demand may potentially benefit from gold's “excesses”.
Market volatility continues to push gold higher, while industrial demand could sway silver's price moving forward. Given this, investors may want to use caution if looking to add silver exposure.
UBS is standing by its bullish call on silver, saying recent price weakness triggered by market turmoil over Donald Trump's new tariff policies is likely to be short-lived. Silver briefly slipped below $30 an ounce this month as investors reacted to fears of a global slowdown and rising trade tensions.
$28.31 low holds as silver rebounds from value zone; bulls now watching for a 50% retrace toward $31.45, but macro headwinds still dominate.
"The thing about the stock market, and you guys know this well, is it's the only store in town where people run out the door when things go on sale because they're afraid. And I totally get that.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.