Silver – demand falls, but deficit remains

Advertisement/Advertising – This article is distributed on behalf of Vizsla Royalties Corp. and Vizsla Silver Corp., with which SRC swiss resource capital AG has paid IR advisory agreements. Creator: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: 18.11.2025, 4:20 p.m. Zurich/Berlin

The probability of an interest rate cut by the Fed in December has fallen to 65 percent. This would not be so beneficial for the silver price. However, there are also many voices betting on an interest rate cut. The Silver Institute recently analyzed the year in terms of silver. The year was hard to beat in terms of drama. Record prices were seen and silver was classified as a critical commodity by the US government.

Investors increasingly turned to precious metals such as silver to diversify their portfolios. Geopolitical risks and US tariff policy made silver attractive. As a result, ETP inflows were probably the highest since 2020. As of November 6, the price of silver had risen by 67 percent since the beginning of the year. For gold, the increase was "only" 52 percent. And even though demand for silver is declining this year, according to forecasts by the Silver Institute, the market remains in deficit. Global supply of mined silver is expected to remain unchanged from the previous year at 813 million ounces in 2025.

The gold-silver ratio fell from more than 107 in April to 78 in October. This demonstrates investor confidence in silver. The enormous price development in 2025 should now attract further investors. The factors that bring safe havens such as gold and silver into focus are present. These include, for example, the independence of the US Federal Reserve, fears of stagflation, and government debt. Silver and gold companies should be part of any well-positioned portfolio for diversification purposes.

Vizsla Royalties – https://www.commodity-tv.com/ondemand/companies/profil/vizsla-royalties-corp/ – owns two NSR royalties. One is a 2% interest in the Panuco property in Mexico, which is a primary, high-grade silver resource. The other is a 3.5% interest in the Silverstone concessions.

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 of 15.2 million ounces of silver equivalent is expected. The feasibility study has been very positive.

Current company information and press releases from Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -) and Vizsla Royalties (- https://www.resource-capital.ch/en/companies/mag-silver-corp/ -).

Source:

https://silverinstitute.org/the-silver-market-is-on-course-for-fifth-successive-structural-market-deficit/.

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