Advertisement – This article is distributed on behalf of Discovery Mining Ltd. and Endeavour Silver Corp., with which SRC swiss resource capital AG has paid IR consulting agreements. Producer: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: July 7, 2026, 7:05 a.m. Zurich/Berlin

The fundamentals for silver are strong, yet the silver price took a significant hit in June. As recently as January, the price of the precious metal was in the triple digits. It was difficult to find a truly convincing explanation for the sharp price surge at that time. It should be noted that the silver market is a small one, so it doesn’t take much money to cause significant price changes. Incidentally, interest in silver is growing among various emerging markets. For example, trading volume on the Istanbul Stock Exchange has increased. The high price of gold has drawn increased interest toward silver.

The price of silver certainly also gains momentum from its dual role as both an investment asset and an industrial metal. As central banks purchase gold for their reserves to reduce their dependence on the U.S. dollar, this is likely to indirectly influence the price of silver as well. The expansion of electrical engineering, solar power systems, and data-intensive applications is driving growing demand for silver. According to the Silver Institute, a deficit has emerged in the silver market in recent years.

Silver can be used for cooling in data centers and in AI chips. The infrastructure for artificial intelligence requires silicon carbide chips. During data processing, these chips control and transmit enormous amounts of electrical energy. This generates heat, which can cause errors.  However, if these chips are “enhanced” with a silver paste, they can operate at temperatures up to 350 degrees. This is because silver is an exceptional heat conductor that can dissipate high temperatures. Gold and copper are not as effective in this regard.

Endeavour Silver – https://www.commodity-tv.com/ondemand/companies/profil/endeavour-silver-corp/ – owns three producing mines. The company’s projects are located in Mexico and Peru. In addition, there are planned exploration projects in Mexico, Chile, and the U.S. In the first quarter of 2026, the company produced 1,875,375 ounces of silver and 11,740 ounces of gold — a 78 percent increase over the same period in 2025 — and set new records for revenue and production. At its newest mine, Terronera in Mexico, the company has just reported very encouraging drill results.

Discovery Mining (formerly Discovery Silver) – https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ – is working on the development of the highly promising Cordero silver project in Mexico (100 percent owned). Production is expected to reach approximately 37 million silver-equivalent ounces annually over the first twelve years. The company has also recently begun producing gold (Porcupine Project). Production of approximately 260,000 to 300,000 ounces of gold is expected for 2026, with a target of growing to more than 500,000 ounces of gold. Discovery Silver has also completed the acquisition of Glencore’s 100 percent interest in the Kidd operations (copper, silver, zinc, and valuable processing facilities) in Timmins.

Current company information and press releases from Discovery Mining (- https://www.resource-capital.ch/de/unternehmen/discovery-silver-corp/ -) and Endeavour Silver (- https://www.resource-capital.ch/de/unternehmen/endeavour-silver-corp/ -).

You can also find further information in our new Precious Metals Report at the following link: https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2026-03/.

Sources: Discovery Mining, Endeavour Silver,

https://silverinstitute.org/wp-content/uploads/2026/07/Silver-News-JUNE.pdf;

https://www.rohstoffecheck.de/artikel/analysen-Rohstoffe-3121774.html;

https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2026-03/.

Pursuant to Section 85 of the German Securities Trading Act (WpHG) in conjunction with Article 20 of the Market Abuse Regulation (MAR) (Regulation (EU) 2016/958), we hereby note that authors, employees, and affiliated companies of Swiss Resource Capital AG (SRC) may hold positions (long/short) in the issuers discussed. Compensation/Relationship: IR contracts/advertorials: Author’s own positions: none; SRC net position: less than 0.5%; Issuer’s stake in SRC ≥ 5%: no. Update Policy: No obligation to update. No guarantee regarding the German translation. Only the English version of this news release is authoritative.

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