Silver prices continued to make gains on Friday, trading above $36 per ounce, their highest level in more than 13 years.
Prices have increased approximately 24.3% since the start of the year, supported by a persistent supply deficit and increasing demand from both investors and industrial users.
Silver’s supply was 15% below demand in 2024, with another deficit expected in 2025, according to The Silver Institute.
Looking ahead, analysts forecast that silver could reach as high as $40 to $50 per ounce by the end of 2025 if current trends persist.
Amid continued momentum in silver prices, investors seeking leverage to the metal’s long-term uptrend have turned their attention to mid-tier producers and silver-focused juniors, and that is being reflected in this week’s share price action.
First Majestic Silver Corp. (TSX:FR), a mid-tier producer with several operating mines in Mexico, including the San Dimas and Santa Elena…
