Gold and silver on their way to new record highs

Advertisement/Advertising – This article appears on behalf of Revival Gold Inc. and Fortuna Mining Corp., with which SRC swiss resource capital AG has paid IR consulting agreements. Creator: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: 29.09.2025, 1:55 p.m. Zurich/Berlin

The price journey for both precious metals seems to be predetermined. And investors continue to bet on gold and silver, despite new all-time highs. Silver has emerged from its shadow existence. Central banks have always focused solely on gold, but now a trend reversal is in sight. Since September 2024, Russia has been betting on silver and platinum. Saudi Arabia is now also investing in silver ETFs, securing shares in the iShares Silver Trust and Global X Silver Miners.

Saudi Arabia is said to have invested a good US$40 million in silver. Until recently, the US dollar was the reserve currency of choice there. This could therefore open up a new area of demand for silver, despite the fact that supply is limited. There has also been a silver deficit for years.  In addition, silver is an important industrial metal, particularly for the growing solar industry. The favorable gold-silver ratio and the desire to become as independent as possible from the US financial system are certainly contributing factors in the decisions of central banks.

In addition to Russia and Saudi Arabia, the Mexican central bank also owns silver, which is not surprising given that Mexico is the world's largest silver producer. The average net long positions in the first half of 2025 also show that silver is in high demand. They are at their highest level since 2021. If silver costs US$50 per ounce, it will be interesting to see to what extent there will be profit-taking or increasing exposure to the precious metal. Gold is and remains the favorite among investors. As precious metal prices rise, mining companies are also gaining in value.

Revival Gold - https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ - is developing the Mercur Gold Project in Utah and preparing the permitting process and exploration of the Beartrack-Arnett Gold Project in Idaho.

Fortuna Mining - https://www.commodity-tv.com/ondemand/companies/profil/fortuna-mining-inc/ - is a successful gold and silver producer with mines in West Africa and Latin America. In the second quarter of 2025, more than 71,600 ounces of gold were produced. The mine in Ivory Coast is currently scoring very good drilling results.

Current company information and press releases from Fortuna Mining (- https://www.resource-capital.ch/en/companies/fortuna-mining-corp/ -).

Sources:

Silver Institute, Silver News August 2025,

https://goldsilver.com/industry-news/article/silver-nears-50-can-silver-break-its-all-time-high/;

https://www.kitco.com/news/article/2025-08-25/saudi-central-bank-buys-40-million-slv-and-silver-miners-its-not-what-you?utm_campaign=Gold%20market%20analysis%3A%20Fed%20policy%20and%20market%20dynamics&utm_content=Kitco%20News%3A%20Daily%20Recap&utm_medium=email&utm_source=kitco&utm_term=;

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