In 2025, JP Morgan recorded that global gold prices had surged by 65% due to strong demand, while market supply increased by only around 1.5–2% per year1 marking the metal’s strongest annual performance in nearly half a century. 2
Geopolitical tensions kept uncertainty high. Trade disputes and tariff policies revived inflation concerns. At the same time, the U.S. dollar weakened by about 10% against a basket of major currencies, making gold cheaper for overseas buyers. 2
Silver has entered a new regime: After decades of trading in gold's shadow, the white metal has emerged as one of 2025's strongest-performing assets, driven by forces that extend far beyond traditional safe-haven demand.3
Unlike most commodities, silver's supply-demand imbalance is not cyclical; it is structural and deepening. The silver market is on track for its fifth straight supply deficit, with the cumulative 5-year market deficit projected to reach 820 million ounces, equivalent to an entire year of global mine production. 3
Source 1: IDN Financials – Old ETFs hit record high, JP Morgan warn risk, alternative investment – Link
Source 2: USA Today – Gold Heads Into 2026 Near Record Highs – Link
Source 3: Crux Investor – Why Silver Represents One of 2025’s Most Compelling Investment Opportunities – Link
Chart Source: Voronoi – Gold-to-Silver Price Ratio Reaches Record High in May 2025 – Link
The Oregon Group, a commodities and critical-minerals research platform, has released a new silver price outlook analyzing whether silver prices could reach $150 per ounce in 2026, amid tightening supply, rising industrial demand, and renewed investor interest in precious metals.
Silver Source: The Newswire – Silver Price Forecast 2026: The Oregon Group and Anthony Milewski Examine Whether Silver Can Reach $150 – Link
Looking ahead, the 2026 and 2027 outlook for the metal remains bullish. Prices are expected to push toward $5,000 per ounce by the fourth quarter of 2026, with $6,000 per ounce a possibility longer term.
Central bank and investor demand for gold is set to remain strong, averaging 585 tonnes a quarter in 2026.
Gold Source: J.P. Morgan –Will gold prices break $5,000/oz in 2026? – Link
Gold & Silver Source: Why Gold and Silver Are So Valuable in Today’s Market? – Link
The global antimony market size was estimated at USD 2.17 billion in 2023.
The Antimony market is projected to reach USD 3.30 billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
Asia Pacific was the largest revenue generating market in 2023.
By type, trioxides held the largest revenue share of the antimony market in 2023.
By application, flame retardants held the largest revenue share in 2023.
Source: Grandview Research – Antimony Market – Link
Antimony (Sb) is a valuable pathfinder element in mineral exploration because it forms a broad geochemical halo that often extends much wider than the gold (Au) or silver (Ag) mineralization itself.4
Evergold Corp.’s DEM Project (BC):
High-grade antimony (up to 8.37% over 0.5m) was identified, which led to significant gold and silver discoveries.2
Honey Badger Silver’s Plata Property:
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