Gold and silver prices – what is the current situation?

Advertisement/Advertising – This article is distributed on behalf of Sierra Madre Gold and Silver Ltd. and Skeena Gold & Silver Ltd., with whom SRC swiss resource capital AG has paid IR consulting agreements. Creator: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: February 05, 2026, 5:15 p.m. Zurich/Berlin

The sharp rise in the price of precious metals is difficult to explain. One reason is certainly the creeping loss of confidence in fiat currencies. But profit-taking has certainly also contributed to the price decline. Then there was the announcement of the new Fed chief, Kevin Warsh. He is considered critical of expansionary monetary policy, but had actually been in the running as a leading candidate for some time. In January alone, the price of gold rose by around 30 percent, with silver rising even more. It is therefore not surprising that these increases were excessive and that a correction was inevitable.

On the other hand, geopolitical uncertainties appear to remain. Overall, there could be increased volatility for both gold and silver. The loss of confidence in fiat currencies and the simultaneous shift toward gold and silver as safe havens is not a new phenomenon, but rather a gradual process. The freezing of funds as a result of Russia’s war of aggression against Ukraine caused people to sit up and take notice. Central banks turned to gold.

Gold has long been synonymous with security. Gold has proven its role as a safe haven many times over. The high levels of government debt in many countries and unpredictable US politics also speak in favor of gold. Due to high government debt, real yields are likely to decline, either through lower interest rates, as desired by Trump, or through higher inflation, which is likely to occur. Such extreme price increases as we have seen recently are unlikely to be repeated. However, gold remains a safe haven and the silver market is in deficit, with industry having a very high demand for silver. Investing in gold and silver or the relevant mining companies should therefore continue to be a good idea in the future.

Skeena Gold & Silver – https://www.commodity-tv.com/ondemand/companies/profil/skeena-gold-silver-ltd/ – is developing a high-grade, low-cost gold-silver project (Eskay Creek) in British Columbia, which has just been awarded an environmental assessment certificate (EAC). Two other projects that were previously in production are still in the spotlight.

Sierra Madre Gold and Silver – https://www.commodity-tv.com/ondemand/companies/profil/sierra-madre-gold-silver-ltd/ – successfully started production at its Guitarra project (gold and silver) in Mexico at the beginning of the year. The focus is now on increasing production and minimizing costs. The company recently made a second silver mine acquisition in Mexico, which includes three fully approved underground mines and a flotation plant.

Current company information and press releases from Skeena Gold & Silver (- https://www.resource-capital.ch/en/companies/skeena-resources-ltd/ -) and Sierra Madre Gold and Silver (- https://www.resource-capital.ch/en/companies/sierra-madre-gold-and-silver-ltd/ -).

Further information is also available in our new precious metals report at the following link: https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/

Sources:

https://derivate.bnpparibas.com/daily-edelmetall?utm_source=finanzen.net&utm_medium=content&utm_content=daily_edelmetall&utm_campaign=news-finanzen.net-Emittenten_Chartanalyse;

https://www.tagesschau.de/ausland/amerika/usa-notenbank-fed-warsh-100.html;

https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/

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