SIVR just hit a new 52-week high as silver demand climbs on Fed rate-cut expectations, industrial growth and a softer dollar.
SIVR hits a 52-week high as silver surges past $36 amid supply deficits, dollar weakness and geopolitical uncertainty.
Precious metals, particularly gold and silver, have delivered impressive gains in 2024, thanks mainly to lower interest rates. The rally intensified in 2025 on strong safe-haven demand.
The precious metals, especially gold and silver, have performed remarkably well in 2024, driven by lower rates and safe-haven demand. iShares Silver Trust SLV and abrdn Physical Silver Shares ETF SIVR have risen more than 33% this year, outperforming SPDR Gold Trust ETF GLD, which has gained 31.3%.
Pan American Silver is one of the largest silver miners in the world and its shares have appreciated over 30% YTD. Despite Q2 production challenges, revenue increased by 7.3% due to higher metal prices, setting up a strong second half of 2024. The company's diversified portfolio and solid balance sheet, combined with potential catalysts like the Escobal mine reopening, support a positive outlook.
There has been a rally in the metal and mining space. Be it silver, gold, copper, or uranium -- all mining stocks and ETFs have been hovering around their 52-week highs.