Gold and silver – or platinum and palladium

Advertisement/Advertising – This article is distributed on behalf of Skeena Gold & Silver Ltd. and Sibanye-Stillwater Ltd., with whom SRC swiss resource capital AG has paid IR consulting agreements. Creator: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: December 22, 2025; 7:05 Uhr p.m. Zurich/Berlin

The next surge in the gold price is likely not far off, even if it moves sideways for a short time. Silver appears to be gathering strength to rise towards US$70 per ounce. Looking at the chart for platinum and palladium, both precious metals have risen sharply in price in recent months and currently in a very short period of time. A weak US dollar has certainly helped here, in addition to increased demand from industry and significant activity on the commodity exchanges. In any case, there has been a massive wave of buying.

Platinum now seems to have gained particular appeal. Platinum is in demand in the jewelry industry because it is durable and robust. There is particularly high demand for platinum from China. Platinum has not been as expensive as it is now since 2008. The price difference between platinum and gold is still very high. Investors seem to have rediscovered the precious metal. 2025 is expected to end with a significant platinum market deficit of 692,000 ounces. According to World Platinum Investment, the market could balance out in 2026. This is because mining supply and supply from recycling could grow – only time will tell.

Palladium is used in catalytic converters in the automotive industry. It reduces pollutant emissions and scores points for its durability. If the ban on the sale of vehicles with combustion engines is now relaxed, the European automotive industry will need more platinum and palladium than previously assumed. Incidentally, opinions often differ as to whether the platinum and palladium markets are currently undersupplied or oversupplied. Platinum, palladium, gold, and silver are all valuable metals. The assets of companies that own these precious metals are suitable for investment.

Sibanye-Stillwater - https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/ - is a large and successful producer of gold and platinum metals. Its projects are located in the US and South Africa. Battery metals and recycling are also part of its business.

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, and two previously producing projects are also in the spotlight.

Current company information and press releases from Skeena Gold & Silver (- https://www.resource-capital.ch/en/companies/skeena-resources-ltd/ -) and Sibanye-Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ -).

Sources: Skeena Gold & Silver, Sibanye-Stillwater,

https://www.finanzen.at/rohstoffe/platinpreis;

https://www.finanzen.net/rohstoffe/palladiumpreis.

In accordance with Section 85 of the German Securities Trading Act (WpHG) in conjunction with Article 20 of Regulation (EU) 2016/958 (MAR), we hereby disclose that authors/employees/affiliated companies of SRC swiss resource capital AG may hold positions (long/short) in issuers discussed. Remuneration/relationship: IR contracts/advertorial: Own positions (author): none; SRC net position: less than 0.5%; issuer's stake in SRC ≥ 5%: no. Update policy: no obligation to update. No guarantee for the translation into German. Only the English version of this news release is authoritative.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly draw attention to the risks involved in securities trading. No liability can be accepted for any damage arising from the use of this blog. We would like to point out that shares and, in particular, warrant investments are generally associated with risk. The total loss of the capital invested cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the accuracy of all content. Despite the utmost care, I expressly reserve the right to errors, particularly with regard to figures and prices. The information contained herein comes from sources that are considered reliable, but does not claim to be accurate or complete. Due to court rulings, the content of linked external sites is also our responsibility (e.g., Hamburg Regional Court, in its ruling of May 12, 1998 - 312 O 85/98), as long as we do not expressly distance ourselves from them. Despite careful content control, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of SRC swiss resource capital AG, which is available at https://www.resource-capital.ch/de/disclaimer-agb/, applies additionally.