It’s not just seasonality that speaks in favor of silver

From January to mid-April and from late July to early December, the silver price tends to rise, according to seasonal experience.

Silver is currently trading at just under US$38 per troy ounce. Chart technicians see solid technical resistance for silver at its July high of US$39.91 per ounce. Support levels are below at US$38.00, but this has just been reached. Estimates for total demand in the current year are 1.15 billion ounces. Industrial demand for silver is likely to stagnate in 2025 as growth in the photovoltaic sector slows. Weaker demand from the jewelry and silverware sectors is likely to be offset by stronger demand for bars and coins. On the supply side, an increase of around 1.5 percent is expected, due to slightly higher mine production. Nevertheless, this year will also end with a silver deficit. A shortfall of 117.6 million ounces of silver is expected.

As the Silver Institute explains in its World Silver Survey 2025, after a very good year in 2024, US tariffs could have a negative impact on silver demand this year. This would affect jewelry, for example, but on the other hand, there are growing investments in silver by investors. In 2024, the price of silver rose by 21 percent. The fundamentals for silver should remain strong this year. Many industrial demand segments are growing. If the Fed then proceeds with the expected interest rate cuts, this will help not only the gold price but also the silver price. Turbulent geopolitical conditions and political uncertainties will keep investor demand for silver high.

Endeavour Silver – https://www.commodity-tv.com/ondemand/companies/profil/endeavour-silver-corp/ – is one of the successful producers. The company’s projects are located in Mexico, Chile, and Peru. The second quarter brought more ounces sold at higher realized prices.

Discovery Silver – https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ – owns the highly promising Cordero project in Mexico. The reserve amounts to more than 300 million ounces of silver. The second quarter brought the company encouraging gold production following the acquisition of the Porcupine complex.

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

Sources: https://www.kitco.com/news/article/2025-08-20/gold-silver-rally-us-stock-indexes-sell?utm_campaign=Gold%20Bull%20Market%20Gains%20Strength%20with%20High%20Prices%2C%20M%26A%20Momentum%2C%20and%20U.S.%20Policy%20Support&utm_content=Kitco%20News%3A%20Daily%20Recap&utm_medium=email&utm_source=kitco&utm_term=

Finanzen net, https://www.finanzen.net/nachricht/aktien/silber-die-naechste-bestaetigung-14745719

Silver Institute, https://silverinstitute.org/wp-content/uploads/2025/04/World_Silver_Survey-2025.pdf

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