Silver Price in a Period of Stability

The silver price failed to break through the $90 barrier and took a hit. It has now stabilized. It is unclear which direction it will take from here. According to technical analysts, $70.82 per troy ounce is an important support level. As long as the price of the precious metal remains above this level, a sideways movement is expected. After the oil price fell significantly, it has recently regained some value. If oil prices decline, so too will inflation fears and concerns about interest rate hikes.

According to his latest statements, the U.S. president expects an agreement with Iran regarding the reopening of the Strait of Hormuz within a week. We’ll see. For now, fears of inflation caused by high energy prices still seem to be at play. In any case, new tensions between Iran and the U.S. are driving up oil prices. This is less favorable for the price of silver, as is the prospect that the Fed will raise interest rates or keep them at current levels.

In the short term, the outlook for silver is therefore less positive than in the longer term. That’s because sentiment is good there, and rising demand for silver is expected. Investments in power grids and solar installations are likely to accelerate further. Additionally, the silver market has been in a structural deficit since 2021. And no new primary silver mines are on the horizon. Should the high industrial demand for silver be confirmed, higher silver prices are also to be expected, especially as investors are increasingly jumping in.

Discovery Silver (- https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ -) owns the extremely promising Cordero project in Mexico. The reserve amounts to more than 300 million ounces of silver. Annual production of approximately 37 million silver-equivalent ounces is expected over the first twelve years. The company has also recently begun producing gold (Porcupine Project). Production of approximately 260,000 to 300,000 ounces of gold is expected for 2026. Discovery Silver has now also completed the acquisition of Glencore’s 100% stake in the Kidd operations (copper, silver, zinc, and valuable processing facilities) in Timmins.

Endeavour Silver (- https://www.commodity-tv.com/ondemand/companies/profil/endeavour-silver-corp/ -) owns three producing mines. The company’s projects are located in Mexico and Peru. In addition, there are planned exploration projects in Mexico, Chile, and the U.S. In the first quarter of 2026, the company produced 1,875,375 ounces of silver and 11,740 ounces of gold, setting new records for revenue and production.

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

You can also find further information in our new Precious Metals Report at the following link: https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2025-04/.

Sources: Endeavour Silver, Discovery Silver,

https://derivate.bnpparibas.com/service/daily/;

https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2025-04/.

Pursuant to Section 85 of the German Securities Trading Act (WpHG) in conjunction with Article 20 of the Market Abuse Regulation (MAR) (EU) 2016/958, we hereby note that authors, employees, and affiliated companies of Swiss Resource Capital AG (SRC) may hold positions (long/short) in the issuers discussed. Compensation/Relationship: IR contracts/advertorials: Author’s own positions: none; SRC net position: less than 0.5%; Issuer’s stake ≥ 5% in SRC: no. Update Policy: no obligation to update. No guarantee regarding the German translation. Only the English version of this news release is authoritative.

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