Silver is used in the solar industry, in jewelry, and in many other industries. In the US, silver is on the list of critical metals. Stocks are low, demand is rising, and supply bottlenecks are increasing. And these could expand even further, as new export controls for 2026 and 2027 have been in place in China since the beginning of the year. This is because China has also recognized that without sufficient silver reserves, it will be difficult for industry. China is also likely to want to strengthen its dominant position in the mining and processing of critical metals.

In addition, China consumes around 50 percent of the global silver market, but accounts for only 15 percent of global production. And China is installing the most solar capacity worldwide, more than twice as much as the rest of the world in the first half of 2025. But it’s not just the new record price of silver that is delighting investors; gold is also doing well. Psychology also plays a role here. Gold is considered a safe haven, helping to alleviate fears of loss when inflation is rampant. And global events, increasing tensions around the world, and periods of economic weakness increase the appeal of gold.

One factor driving the price of gold is certainly the independence of the Fed, which appears to be under threat. The credibility of US monetary policy is thus at stake. And so central banks are buying gold, even at high prices, to make themselves less dependent on the US dollar. Investors are also aware of this and are following suit.

Blue Moon Metals – https://www.commodity-tv.com/ondemand/companies/profil/blue-moon-metals-inc/ – owns the Nussir copper-gold-silver project and the NSG copper-zinc-gold-silver project in Norway. Both are progressing well. An underground access is currently being created in Nussir. Then there is the Blue Moon zinc-copper-gold-silver project in the US. The acquisition of the Springer Mine secures the infrastructure necessary for mineral processing in Nevada.

U.S. GoldMining – https://www.commodity-tv.com/ondemand/companies/profil/us-goldmining-inc/ – stands for gold and copper. The company owns the promising Whistler project in Alaska (100 percent), which contains several gold-copper porphyry deposits. The government of Alaska supports the mining sector and provides the necessary infrastructure.

Current company information and press releases from U.S. GoldMining (- https://www.resource-capital.ch/en/companies/us-goldmining-inc/ -) and Blue Moon Metals (- https://www.resource-capital.ch/en/companies/blue-moon-metals-inc/ -)

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://de.marketscreener.com/boerse-nachrichten/china-benennt-unternehmen-fuer-silberexporte-in-den-jahren-2026-2027-ce7e59dbd08ff624;

https://electrek.co/2025/09/02/h1-2025-china-installs-more-solar-than-rest-of-the-world-combined/;

https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/

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