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So, after a pullback, we're back on trend punching though $38 USD.
Giddy up my cunning plan.
Giddy up my cunning plan.
Silver price discussion and analysis
- Thread starter RALPH5
- Start date
greggles
I'll be back!
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Silver just cracked A$60/oz for the first time. It's also closing in on US$40 and looks like it will get there soon. Some momentum building up in precious metals at the moment.
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Not to put too fine a point on it, Silver did crack AUD60 back on July 23 when it hit 60.20.
But the currect price of AUD60.37 did surpass that previous high.
Life is good.
Mick
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Exciting times
Sean K
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Dona Ferentes
Did the Thessalonians write back?
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Finicky - what a fossil
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FYI.
Mick
Mick
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Over $40 bucks. Yeehaw.
1 hour bars.
Gold over $4500 also.
1 hour bars.
Gold over $4500 also.
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Gold US$3,452 overnight peak
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Apologies, gold futures- CFD, over $3500 ! Over $4500 is explosive !
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I just assumed it was a prediction.
Mick
Sean K
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Some of our stocks with Silver in their name have done OK since the silver breakout through 34 bucks at the start of June. But, only just recouping their positions from a year ago so it's a bit strange. They all have their various issues but all things being equal these stocks should be at record highs and pumping. Maybe I'm a bit more bullish on the breakout than the rest of the punters.
Sean K
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The stocks above should have an OK day on Monday but still not pumping like you'd expect with POS going so well.
Silver in AUD at $65 going very nicely.
Some are still pretty bullish on higher prices.
www.kitco.com
Silver in AUD at $65 going very nicely.
Some are still pretty bullish on higher prices.
Silver special report: Did you miss the silver rally? Our Q4 forecast is now more bullish
As we head into the fourth quarter, silver prices are demonstrating notable resilience, with a year-to-date increase of 44% and recently peaking on the December futures at $43.43/oz. We analyzed some of the main drivers and increased our Q4 year-end forecast from a range of $42-44 to $44-46, with a $50 price outlook in Q1 2026.
Silver special report: Did you miss the silver rally? Our Q4 forecast is now more bullish
The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
www.kitco.com
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A Silver ETF which was also recently bought by me is ETPMAG.
www.globalxetfs.com.au
The chart demonstrates very positive momentum after a brief period of consolidation and I believe this trend should find continued support in months to come as outlined by Sean K with a bullish sentiment report expressed by Kitco.
ETPMAG
Physical Silver Structured
Global X Physical Silver Structured (ETPMAG) offers a low-cost and secure way to access physical silver via the stock exchange and avoids the need for investors to personally store their own bullion.Physical Silver Structured (ETPMAG) - Global X ETFs Australia
The chart demonstrates very positive momentum after a brief period of consolidation and I believe this trend should find continued support in months to come as outlined by Sean K with a bullish sentiment report expressed by Kitco.
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@Rosscoe62 Market Matters answered a subscriber question over the weekend about silver etfs. MM is taking your approach:
Question asked 20/09/2025
Our preferred vehicle to benefit from an uplift in the silver price is the ASX-traded Global X Physical Silver (ETPMAG) which is a fund that provides exposure to the spot price of physical silver, backed by bullion stored in secure vaults. It’s a simple way to invest in silver without handling the metal. It charges a 0.49% annual fee and doesn’t pay dividends.
marketmatters.com.au
Question asked 20/09/2025
Silver exposure
Hi guys, I’ve heard some commentary recently that silver might do well – or start to catch up to gold – what would you recommend as the best way to gain exposure to uplifts in the silver price – is there a silver ETF? Cheers, JoshAnswer
"Hi Josh,Our preferred vehicle to benefit from an uplift in the silver price is the ASX-traded Global X Physical Silver (ETPMAG) which is a fund that provides exposure to the spot price of physical silver, backed by bullion stored in secure vaults. It’s a simple way to invest in silver without handling the metal. It charges a 0.49% annual fee and doesn’t pay dividends.
- It tracks the silver price extremely well having advanced +29.6% over the last 3-years compared to a +31% gain by silver.
Weekend Q&A: The Fed cuts 0.25%, but only US stocks celebrate the easing - Market Matters
Weekend Q&A: The Fed cuts 0.25%, but only US stocks celebrate the easing Market Matters - ASX buy recommendations
marketmatters.com.au
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"avoids the need for investors to personally store their own bullion."
But that's the fun part
But that's the fun part
Sean K
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I've been following Gareth's TA for a long time and he gets it right sometimes.
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Not touching this but might interest the traders.
From the Shares in Value pump sheet today
Boab Metals (ASX:BML)
"We update Boab Metals (ASX: BML) with a revised Target Share Price of $0.791, this represents a total upside potential of 110.8%, reflecting significant increase from the current share price of $0.375 and an 39.4% increase from the previous Target Share Price of $0.566 from our re-initiation report from May this year. This re-rating potential is underpinned by BML’s progress on a number of critical milestones, including the delivery of the June 2024 FEED Study, the acquisition of the DeGrussa processing plant, and the signing of a binding offtake. Looking ahead, the anticipated Final Investment Decision in Q4 2025, alongside the option to consolidate 100% ownership of Sorby Hills through the acquisition of Yuguang’s interest, provides a clear pathway to full project control and development. Together, these achievements not only strengthen confidence in the upcoming financing and construction phases, but also significantly de-risk Sorby Hills and position BML as a future capital-efficient silver producer in a market supported by robust industrial demand and tightening global supply.
BML Raises A$6m to Advance Sorby Hills Toward FID
BML has successfully completed a A$6.0 million placement to sophisticated and institutional investors, with proceeds directed toward advancing the Sorby Hills Lead-Silver Project. The funds will support key pre-development activities, including refurbishment of the workers camp, project finance costs, and early site establishment works, while preserving cash reserves for exploration drilling at the Keep Target. This raise strengthens BML’s balance sheet and positions the company to progress Sorby Hills toward a FID in Q4 2025.
BML Extends Option to Secure 100% of Sorby Hills
BML reached a mutual agreement with Henan Yuguang to extend the option period to 31 December 2025 for the acquisition of Yuguang’s 25% interest in the Sorby Hills Lead-Silver Project. The extension provides BML with a clear pathway to secure 100% ownership of Sorby Hills, while allowing sufficient time to complete remaining workstreams ahead of the anticipated FID.
Valuation Anchored in Silver & Lead Upside
We update our valuation for BML to $0.713 per share in the base case and $0.868 in the upside case with a Price/NAV of 0.47x. Our updated valuation for BML is anchored in the current momentum of the silver price, which continues to benefit from a combination of monetary easing, macroeconomic uncertainty, and accelerating industrial demand tied to the global energy transition. Silver has not only maintained its position as a safe-haven asset but is increasingly recognised for its critical role in solar PV, EVs, and energy storage technologies. This dual demand profile provides a compelling long-term structural backdrop, while lead remains a stable contributor through its entrenched role in automotive and industrial batteries. We remain bullish on both silver and lead, with our modelling assumptions reflecting higher price expectations relative to our previous analysis. By aligning our valuation with these favourable market dynamics, we capture both the near-term upside potential and the durability of cash flows underpinned by diversified end-use demand. Importantly, the stronger commodity price outlook materially improves BML’s financing flexibility. This translates into lower dilution for existing shareholders, enhancing the project’s attractiveness while preserving upside leverage to rising silver and lead markets."
From the Shares in Value pump sheet today
Boab Metals (ASX:BML)
"We update Boab Metals (ASX: BML) with a revised Target Share Price of $0.791, this represents a total upside potential of 110.8%, reflecting significant increase from the current share price of $0.375 and an 39.4% increase from the previous Target Share Price of $0.566 from our re-initiation report from May this year. This re-rating potential is underpinned by BML’s progress on a number of critical milestones, including the delivery of the June 2024 FEED Study, the acquisition of the DeGrussa processing plant, and the signing of a binding offtake. Looking ahead, the anticipated Final Investment Decision in Q4 2025, alongside the option to consolidate 100% ownership of Sorby Hills through the acquisition of Yuguang’s interest, provides a clear pathway to full project control and development. Together, these achievements not only strengthen confidence in the upcoming financing and construction phases, but also significantly de-risk Sorby Hills and position BML as a future capital-efficient silver producer in a market supported by robust industrial demand and tightening global supply.
BML Raises A$6m to Advance Sorby Hills Toward FID
BML has successfully completed a A$6.0 million placement to sophisticated and institutional investors, with proceeds directed toward advancing the Sorby Hills Lead-Silver Project. The funds will support key pre-development activities, including refurbishment of the workers camp, project finance costs, and early site establishment works, while preserving cash reserves for exploration drilling at the Keep Target. This raise strengthens BML’s balance sheet and positions the company to progress Sorby Hills toward a FID in Q4 2025.
BML Extends Option to Secure 100% of Sorby Hills
BML reached a mutual agreement with Henan Yuguang to extend the option period to 31 December 2025 for the acquisition of Yuguang’s 25% interest in the Sorby Hills Lead-Silver Project. The extension provides BML with a clear pathway to secure 100% ownership of Sorby Hills, while allowing sufficient time to complete remaining workstreams ahead of the anticipated FID.
Valuation Anchored in Silver & Lead Upside
We update our valuation for BML to $0.713 per share in the base case and $0.868 in the upside case with a Price/NAV of 0.47x. Our updated valuation for BML is anchored in the current momentum of the silver price, which continues to benefit from a combination of monetary easing, macroeconomic uncertainty, and accelerating industrial demand tied to the global energy transition. Silver has not only maintained its position as a safe-haven asset but is increasingly recognised for its critical role in solar PV, EVs, and energy storage technologies. This dual demand profile provides a compelling long-term structural backdrop, while lead remains a stable contributor through its entrenched role in automotive and industrial batteries. We remain bullish on both silver and lead, with our modelling assumptions reflecting higher price expectations relative to our previous analysis. By aligning our valuation with these favourable market dynamics, we capture both the near-term upside potential and the durability of cash flows underpinned by diversified end-use demand. Importantly, the stronger commodity price outlook materially improves BML’s financing flexibility. This translates into lower dilution for existing shareholders, enhancing the project’s attractiveness while preserving upside leverage to rising silver and lead markets."
