Silver Price – Positive in the Long Term

Advertisement – This article is distributed on behalf of Vizsla Silver Corp. and Endeavour Silver Corp., with which SRC swiss resource capital AG has paid IR advisory agreements. Producer: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: July 24, 2026, 5:20 p.m. Zurich/Berlin ·

A statement by the major bank UBS recently caused a stir, noting that the recommended entry range for the precious metal is now between $48 and $50 per ounce. However, even though UBS has lowered its recommended purchase price, it maintains its positive outlook for the medium term. The bank cites weak investor demand in recent weeks, a stronger U.S. dollar, and the U.S. Federal Reserve’s restrictive monetary policy as reasons for the reduction. An interest rate cut by the Fed is not expected until December 2026 at the earliest, and perhaps not until the first quarter of 2027.

The weakness in the silver price should therefore be temporary. After all, silver is heading toward its sixth consecutive year of deficit in 2026. At the current silver price, technical analysts see the potential for a further downward move. For prices to return to around $70 per troy ounce, the $61.42 level would need to be recaptured, and a breakout above the medium-term downtrend would have to occur. There is consensus that demand for silver will rise due to well-known drivers such as electric mobility, the photovoltaic sector, and AI data centers.

On the supply side, however, not much is changing. About 70 percent of global silver production is generated solely as a byproduct of mining other metals. And demand for these metals—such as copper—is responsible for the volume of silver produced. Even though it has been roughly 5,000 years since the history of silver mining began, today silver is a precious metal that is increasingly used in modern technologies and has also gained appeal among investors.

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 other planned exploration projects. In the second quarter of 2026, the company produced 1,943,955 ounces of silver and 10,474 ounces of gold. So far this year, 6.8 million ounces of silver equivalent have been produced. In addition, the company produces the base metals lead, zinc, and copper.

Vizsla Silver – https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ – owns the Panuco gold-silver project in Mexico, which was previously in production. It is a very large, undeveloped, high-grade primary silver resource. Production is scheduled to begin in the second half of 2027. Annual production is expected to reach 17.4 million ounces of silver equivalent over an initial mine life of 9.4 years. The feasibility study yielded very positive results. The company is moving forward with mine development while continuing exploration throughout the entire project area.

Current company information and press releases from Vizsla Silver (- https://www.resource-capital.ch/de/unternehmen/vizsla-silver-corp/ -) and Endeavour Silver (- https://www.resource-capital.ch/de/unternehmen/endeavour-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-2026-03/.

Sources: Vizsla Silver, Endeavour Silver,

https://www.kapitalmarktexperten.de/silber-preis-ubs-senkt-kaufzone-auf-50-dollar/;

https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2026-03/.

Pursuant to Section 85 of the German Securities Trading Act (WpHG) in conjunction with Article 20 of the Market Abuse Regulation (MAR) (Regulation (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 in SRC ≥ 5%: 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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