Silver, gold, and platinum prices – new highs in sight

Advertisement/Advertising – This article is distributed on behalf of Vizsla Silver Corp. 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: January 14, 2026, 12:35 p.m. Zurich/Berlin

One of the main reasons for the attractiveness of gold and silver is the ever-dwindling confidence in paper money. Another reason is the gold purchases by central banks, which are heavily investing in gold, a trend that could intensify in the future. The value of China's gold reserves alone rose to just under US$320 billion at the end of December. According to data from the Chinese central bank, the Chinese central bank has been buying gold for the 14th month in a row. However, it has not reported its gold holdings for months and years, leading to assumptions that its gold reserves are higher than reported.

Other factors driving precious metals are the still weak US dollar, global uncertainties and crises, low real interest rates, and the US Federal Reserve's loose interest rate policy. The price of platinum has also risen sharply, clearly surpassing the US$2,000 mark. This means that platinum is more expensive than it has been in years. In 2025, the price of platinum rose by around 127 percent overall. Platinum shines with excellent catalytic properties, making it irreplaceable in many areas of industry. Approximately 90 percent of platinum production comes from Russia, Colombia, Canada, and primarily South Africa.

Platinum appears to be establishing itself as a third safe haven as demand from the investment sector increases. There is a supply deficit, production is declining, and inventories are falling. Incidentally, the use of platinum in jewelry has increased in view of the high price of gold. Mining companies with gold, silver, or platinum in their projects are benefiting.

Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - owns the formerly producing Panuco gold-silver project in Mexico. Annual production is expected to reach 15.2 million ounces of silver equivalent. The feasibility study has been very positive.

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 such as nickel, chromium, copper, and cobalt, as well as recycling, are also part of its business.

Current company information and press releases from Sibanye-Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ -) and Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -).

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://www.goldreporter.de/china-setzt-gold-kaeufe-konsequent-fort/news/241339/;

https://www.kapitalmarktexperten.de/platin-drittes-defizitjahr-jagt-den-preis/;

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

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.

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