For chart technicians, a possible breakout of the silver price above USD 32.2 in particular represents an opportunity for a price rally. The gold-silver ratio has risen and now stands at just over 90. This high value indicates that silver is undervalued compared to gold. As gold is unlikely to become much cheaper, the price of silver should rise. After all, things are looking good for gold, the US dollar is weakening somewhat, but at a high level, and expectations of interest rate cuts have risen. The question remains as to whether Donald Trump is planning import duties on gold and silver. This could affect the top silver-producing country Mexico, for example. Sales of the two precious metals would then decline and the price would also fall. This would generate entry opportunities. However, it is not generally assumed that Trump has tariffs on precious metals in his sights.
Most banks and precious metals experts expect higher prices for silver, some up to USD 40 per troy ounce in the current year, such as Heraeus Precious Metals. This is because silver is in short supply and demand is high. As soon as the markets and investors have internalized this, the price of silver can quickly move upwards. However, unforeseen economic or political developments can always occur. In any case, the fundamentals look very positive for gold's little brother.
Many estimates for gold are around USD 3,000 per ounce, such as Goldman Sachs. Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - owns gold and silver in Mexico at its Panuco gold-silver project. Test mining is already underway here and an updated mineral resource estimate shows a significant increase in resources.
Gold is GoldMining's - https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ - business. The projects in North, Central and South America include gold and copper and are located in Canada, the USA, Brazil, Colombia and Peru.
Current company information and press releases from GoldMining (- https://www.resource-capital.ch/en/companies/goldmining-inc/ -) and Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -).
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