Gold and silver prices – what’s next

UBS, for example, sees further upside potential for the price of gold. The experts at the major bank see the price of the precious metal reaching USD 3,200 per troy ounce in the course of 2025. For the end of the year, they forecast a price of around 3,000 US dollars. Goldman Sachs is also positive about gold and sees a price of USD 3,100 to 3,300 per ounce by the end of the year. In addition to the prevailing quarrels, immense national debt and uncertainties, an impetus is likely to come from China’s insurers. This is because they are now allowed to buy gold for the first time. This pilot program could lead to billions being invested in gold; according to estimates, more than 27 billion US dollars are possible. This is because insurance companies are now allowed to invest up to one percent of their assets in the precious metal. And there are practically no other investments with stable returns. In the first three weeks of February, inflows of 17.7 tons were recorded for gold-backed ETFs in China. They are thus approaching the record level of 20.9 tons.

Silver is also holding up extremely well. Silver stocks at Comex have reached a record high. More than 400 million ounces of silver are now stored there. Experts are already looking at the highs of 2012, when silver cost more than USD 37 per troy ounce, and prices above USD 40 may not be too far away. Of course, with the current high gold and silver prices, there is the possibility of profit-taking. In the longer term, things should look good for both precious metals, including Sierra Madre Gold and Silver and Skeena Gold & Silver.

Sierra Madre Gold and Silver – https://www.commodity-tv.com/ondemand/companies/profil/sierra-madre-gold-silver/ – owns gold projects in Mexico. The Guitarra project reached commercial production on January 1 and is generating revenue.

Skeena Gold & Silver – https://www.commodity-tv.com/play/news-with-canada-nickel-skeena-gold-silver-us-goldmining-calibre-mining-southern-cross-gold/ – is developing the Eskay Creek gold-silver project in British Columbia’s Golden Triangle, a world-class project. The company is also focusing on the reopening of the Snip projects.

Current company information and press releases from Skeena Gold & Silver (- https://www.resource-capital.ch/de/unternehmen/skeena-resources-ltd/ -) and Sierra Madre Gold and Silver (- https://www.resource-capital.ch/de/unternehmen/sierra-madre-gold-and-silver-ltd/ -).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees may hold shares in the respective companies mentioned and therefore a possible conflict of interest exists. No guarantee for the translation into German. Only the English version of this news is valid.

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