Since the beginning of the year, the price of gold has risen by around 20% in US dollar terms. The price of silver has risen by just under 15 percent. Seasonal aspects no longer play a role in the development of the gold price. April is a month in which the gold price has already experienced a lot. The price of the precious metal crashed in 2013. On a single day in April, the price of gold fell by nine percent. Last year, the price of gold began to rise significantly in April, mainly due to Chinese demand. The gold price surpassed the 2,000 US dollar mark. This means that the price of the precious metal has risen by around 40 percent within a year. Since the beginning of the year, gold stocks on the COMEX have roughly doubled. Central banks continue to buy gold and increase their reserves.
The price of silver has also moved steadily upwards in recent months. Chart technicians see the opportunity to reach USD 37 per troy ounce of silver by breaking above the USD 34.86 mark. Predicting the price of silver, which is primarily used as an industrial metal, is not easy. Industrial demand is undeniably high, but there is a great deal of uncertainty surrounding US trade policy. However, the recently announced tariffs should drive investors increasingly into the safe havens of gold and silver. This is because the fear of a trade war has now increased, as has the fear of higher prices and rising inflation. And if there is a dip in the price of gold and silver, this should be used to buy more. Mining companies that own gold and silver in their projects, such as Sierra Madre Gold and Silver or Fortuna Mining.
Sierra Madre Gold and Silver - https://www.commodity-tv.com/ondemand/companies/profil/sierra-madre-gold-silver/ - owns gold projects in Mexico. The La Guitarra project reached commercial production at the beginning of the year and is now generating revenue.
Fortuna Mining - https://www.commodity-tv.com/ondemand/companies/profil/fortuna-mining-inc/ - is successfully producing gold and silver (a record amount of almost 370,000 ounces of gold and more than 3.7 million ounces of silver in 2024) at its five active mines in West Africa and Latin America.
Current company information and press releases from Fortuna Mining (https://www.resource-capital.ch/en/companies/fortuna-mining-corp/ ) and Sierra Madre Gold and Silver (https://www.resource-capital.ch/en/companies/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 addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
