Silver has remained very resilient relative to its dominant primary driver gold in recent months, trading at its best levels in over a dozen years. Silver apathy and bearishness lately has been myopic and misplaced.
Industrial demand for silver continues to expand, particularly in solar energy. Maharrey cited an estimate that solar-panel adoption in Africa would rise 45 percent in 2026.
A break under $58.35 suggests new lows below $54.74. Under $62.50 suggests lower. Obviously, the argument of further declines or new lows is over with new highs above $4,700 gold and $71 silver.
Nearly three-quarters of newly mined silver comes as a byproduct of copper, lead, zinc and gold mining, meaning higher silver prices don't necessarily lead to higher silver production.
CEO Weber: "We believe this purchase recognizes the strong potential of the Haldane Property to host a significant silver resource in a historic silver camp."
In DiRienzo’s view, the market has established substantially higher floors because silver is increasingly being valued for both its industrial utility and its investment potential.
