Advertisement/Advertising - This article is distributed on behalf of Vizsla Silver Corp. and Fortuna Mining Corp., with whom SRC swiss resource capital AG has paid IR consulting contracts. Creator: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: 03.02.2026, 4:45 p.m. Zurich/Berlin
In any case, future political developments are important. These will help determine whether prices will rise again, move sideways, or continue to fall. If existing conflicts, of which there are plenty, are defused and tariffs are perhaps withdrawn, or if, as is rather unlikely, US policy becomes somewhat more predictable, this would not be so beneficial for gold and silver prices. It is also important to keep an eye on the independence of the US Federal Reserve, which is known to be wavering. Possible budget consolidation in industrialized countries would also not be so good for precious metal prices, as it would remove some uncertainties.
It is still unclear whether central banks will take advantage of price declines to make further purchases. In any case, precious metals have the advantage that no institutions such as central banks can intervene. The price of silver, which recently exceeded the US$100 mark – at the beginning of the year it was only around US$70 per ounce – will probably continue to struggle with its inherent volatility. However, the fundamentals and existing price drivers remain strong. Currently, profit-taking and probably also physical deliveries have pushed down the price. The gold-silver ratio was recently at 45, which is below 50, a level that has almost never been seen before. This already points to an overheating of the silver price.
If the industry attempts to use less silver, for example in electric mobility, new applications could boost demand for silver again. Investors should continue to focus on gold and silver and the associated companies in the future.
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 is expected to reach 15.2 million ounces of silver equivalent. The feasibility study has been very positive.
Fortuna Mining - https://www.commodity-tv.com/ondemand/companies/profil/fortuna-mining-inc/ - is a successful gold and silver producer with mines in West Africa and Latin America. In the third quarter of 2025, more than 72,000 ounces of gold were produced. The mine in Senegal has scored very good drilling results, and a construction decision is expected in the second quarter of 2026.
Current company information and press releases from Fortuna Mining (- https://www.resource-capital.ch/en/companies/fortuna-mining-corp/ -) and Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -).
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:
https://www.finanzen.net/rohstoffe/silberpreis;
https://www.resource-capital.ch/de/news/ansicht/vizsla-silver-legt-positive-machbarkeitsstudie-fuer-das-panuco-projekt-vor/;
https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/
In accordance with Section 85 of the German Securities Trading Act (WpHG) in conjunction with Article 20 of Regulation (EU) 2016/958 (MAR), we hereby disclose that authors/employees/affiliated companies of SRC swiss resource capital AG may hold positions (long/short) in issuers discussed. Remuneration/relationship: IR contracts/advertorial: Own positions (author): none; SRC net position: less than 0.5%; issuer's stake in SRC ≥ 5%: no. Update policy: no obligation to update. No guarantee for the translation into German. Only the English version of this news release is authoritative.
Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly draw attention to the risks involved in securities trading. No liability can be accepted for any damage arising from the use of this blog. We would like to point out that shares and, in particular, warrant investments are generally associated with risk. The total loss of the capital invested cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the accuracy of all content. Despite the utmost care, I expressly reserve the right to errors, particularly with regard to figures and prices. The information contained herein comes from sources that are considered reliable, but does not claim to be accurate or complete. Due to court rulings, the content of linked external sites is also our responsibility (e.g., Hamburg Regional Court, in its ruling of May 12, 1998 - 312 O 85/98), as long as we do not expressly distance ourselves from them. Despite careful content control, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of SRC swiss resource capital AG, which is available at https://www.resource-capital.ch/de/disclaimer-agb/, applies additionally.
In any case, future political developments are important. These will help determine whether prices will rise again, move sideways, or continue to fall. If existing conflicts, of which there are plenty, are defused and tariffs are perhaps withdrawn, or if, as is rather unlikely, US policy becomes somewhat more predictable, this would not be so beneficial for gold and silver prices. It is also important to keep an eye on the independence of the US Federal Reserve, which is known to be wavering. Possible budget consolidation in industrialized countries would also not be so good for precious metal prices, as it would remove some uncertainties.
It is still unclear whether central banks will take advantage of price declines to make further purchases. In any case, precious metals have the advantage that no institutions such as central banks can intervene. The price of silver, which recently exceeded the US$100 mark – at the beginning of the year it was only around US$70 per ounce – will probably continue to struggle with its inherent volatility. However, the fundamentals and existing price drivers remain strong. Currently, profit-taking and probably also physical deliveries have pushed down the price. The gold-silver ratio was recently at 45, which is below 50, a level that has almost never been seen before. This already points to an overheating of the silver price.
If the industry attempts to use less silver, for example in electric mobility, new applications could boost demand for silver again. Investors should continue to focus on gold and silver and the associated companies in the future.
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 is expected to reach 15.2 million ounces of silver equivalent. The feasibility study has been very positive.
Fortuna Mining - https://www.commodity-tv.com/ondemand/companies/profil/fortuna-mining-inc/ - is a successful gold and silver producer with mines in West Africa and Latin America. In the third quarter of 2025, more than 72,000 ounces of gold were produced. The mine in Senegal has scored very good drilling results, and a construction decision is expected in the second quarter of 2026.
Current company information and press releases from Fortuna Mining (- https://www.resource-capital.ch/en/companies/fortuna-mining-corp/ -) and Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -).
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:
https://www.finanzen.net/rohstoffe/silberpreis;
https://www.resource-capital.ch/de/news/ansicht/vizsla-silver-legt-positive-machbarkeitsstudie-fuer-das-panuco-projekt-vor/;
https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/
In accordance with Section 85 of the German Securities Trading Act (WpHG) in conjunction with Article 20 of Regulation (EU) 2016/958 (MAR), we hereby disclose that authors/employees/affiliated companies of SRC swiss resource capital AG may hold positions (long/short) in issuers discussed. Remuneration/relationship: IR contracts/advertorial: Own positions (author): none; SRC net position: less than 0.5%; issuer's stake in SRC ≥ 5%: no. Update policy: no obligation to update. No guarantee for the translation into German. Only the English version of this news release is authoritative.
Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly draw attention to the risks involved in securities trading. No liability can be accepted for any damage arising from the use of this blog. We would like to point out that shares and, in particular, warrant investments are generally associated with risk. The total loss of the capital invested cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the accuracy of all content. Despite the utmost care, I expressly reserve the right to errors, particularly with regard to figures and prices. The information contained herein comes from sources that are considered reliable, but does not claim to be accurate or complete. Due to court rulings, the content of linked external sites is also our responsibility (e.g., Hamburg Regional Court, in its ruling of May 12, 1998 - 312 O 85/98), as long as we do not expressly distance ourselves from them. Despite careful content control, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of SRC swiss resource capital AG, which is available at https://www.resource-capital.ch/de/disclaimer-agb/, applies additionally.
