Don't count your chickens before they hatch – Silver

Advertisement/Advertising – This article is distributed on behalf of Skeena Gold & Silver Ltd. and Vizsla Royalties Corp., with which SRC swiss resource capital AG maintains paid IR advisory agreements. Publisher: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: March 26, 2026, 2:30 p.m. Zurich/Berlin

The price of silver has thus fallen even more sharply than the price of gold. The price of gold’s little brother is far from its record high of nearly $122 per troy ounce. Yet for years, silver consumption has exceeded supply. In 2026, global silver supply is expected to total around 1.05 billion ounces, a one percent increase over the previous year. The largest share of silver supply will come from primary silver mines in Mexico, the silver-producing nation par excellence. Higher silver production is also expected from the polymetallic Jiama mine in China. In Canada, new projects as well as existing silver and gold mines will contribute to the silver supply.

Industrial demand for silver is on the rise. The photovoltaic industry, the AI sector, the electronics sector, and electric vehicles are consuming ever-increasing amounts of silver. This is because, due to its unique properties, silver is often irreplaceable. The tightening of the silver supply is also evident in declining inventories. While the silver supply from primary silver mines is likely to rise, a decline is expected from base metal operations that also produce silver.

Not only has industrial consumption of silver risen but so has investment demand. According to forecasts, however, silver recycling will increase, at least if silver prices recover. China’s silver imports demonstrate the strength of silver demand. Since the beginning of 2026, China has imported more than 790 tons of silver. This is primarily due to solar power production. Overall, the global economic and geopolitical environment should support precious metal prices, including silver.

As a royalty company, Vizsla Royalties - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-royalties-corp/ - offers proprietary diversification and holds two NSR royalties. First, a 2% interest in the Panuco property in Mexico, which is a primary, high-grade silver resource. Second, a 3.5% interest in the Silverstone concessions.

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 previously producing projects remain in focus.

Skeena Gold & Silver will be exhibiting at both the Invest trade fair in Stuttgart and the German Commodities Night, which is part of the Invest trade fair!

Current company information and press releases from Vizsla Royalties (- https://www.resource-capital.ch/en/companies/mag-silver-corp/ -) and Skeena Gold & Silver (- https://www.resource-capital.ch/en/companies/skeena-resources-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: Vizsla Royalties, Skeena Gold & Silver,

https://www.usfunds.com/resource/why-the-real-oil-shock-hasnt-hit-america-yet/?mkt_tok=NDk3LVNLVi0yNjIAAAGgrFfup0d5nHYaakpLxrJkiL-C-Tsr4nzdTjQ9NsTgVb98E1b7yB54gEnFqNXop9fT75TOjnL62tBjNffc0nywhjjAEPGJ24y8vqqHIgU3pw#gold;

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

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