Advertisement/Advertising – This article is distributed on behalf of MAG Silver Corp. and Skeena Gold & Silver Ltd., with whom SRC swiss resource capital AG has paid IR advisory agreements. Creator: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First publication: August 19, 2025, 3:10 p.m., Europe/Berlin
Silver is as crisis-proof as gold, and since it is not as expensive, it is easier to get started with. Silver also scores points for its use in industry. Since the beginning of the year, the price of the precious metal has risen by around 17 percent. In 2024, the price of silver rose by an average of 21 percent. Over the years, the price of silver has risen steadily, with occasional setbacks. The use of silver in industry supports the price. In 2024, industrial demand for silver stood at 680.5 million ounces, a record high for the fourth consecutive year. Investments in green energy and the growing field of artificial intelligence will continue to drive strong demand for silver. Overall, the last few years have brought a structural silver deficit, as supply has lagged behind demand. Total silver demand last year was around 1.16 billion ounces. China delivered the largest growth in silver demand, at seven percent. In India, the increase was four percent. More silver jewelry was also produced there (three percent more than in the previous year). As the monsoon season looks good for the harvest, which is extremely important for the large rural population, silver demand should be strong in the coming months.
For the current year, the Silver Institute expects total silver demand to reach 1.15 billion ounces. Mine production is expected to increase by 1.5 percent, which means that there will likely be a deficit in the silver market this year as well. Now is therefore a good time to look at mining companies with promising silver projects.
MAG Silver – https://www.commodity-tv.com/ondemand/companies/profil/mag-silver-corp/ – is a successful producer and has a stake in the Juanicipio silver mine in Mexico. In the second quarter, it produced 4.3 million ounces of silver and over 10,000 ounces of gold.
Skeena Gold & Silver – https://www.commodity-tv.com/ondemand/companies/profil/skeena-gold-silver-ltd/ – is developing a high-grade gold-silver project (Eskay Creek) in British Columbia, with two previously producing projects also in the spotlight.
Current company information and press releases from MAG Silver (- https://www.resource-capital.ch/en/companies/mag-silver-corp/ -) and Skeena Gold & Silver (- https://www.resource-capital.ch/en/companies/skeena-resources-ltd/ -).
Source: Silver Institute, https://silverinstitute.org/silver-industrial-demand-reached-a-record-680-5-moz-in-2024/
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