Advertisement/Promotion – This article is distributed on behalf of Sierra Madre Gold and Silver Ltd. and Skeena Gold & Silver Ltd., with whom SRC swiss resource capital AG has paid IR advisory agreements. Creator: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: 15.11.2025, 3:00 p.m. Zurich/Berlin

The precious metal continues to shine as a safe haven. Gold is performing well with an annual return of around 53 percent. According to the World Gold Council, gold ETFs reached a five-year high in October. Inflows of 55 tons were recorded. It was the ninth month in 2025 with net inflows. In fact, the third quarter of 2025 was a record quarter for gold-backed ETFs. Global inflows totaled US$26 billion. It is uncertain how long the consolidation phase will last, but the overall trend is generally expected to be upward for the price of gold, and it is already on the rise again. The price of the precious metal has just risen for the third trading day in a row. Investors should take advantage of any price pause.

Among other things, interest rate cuts by the Fed should benefit the gold price. Since the market expects interest rate cuts of only about 50 basis points until mid-2026, but there could be more, there is upside potential in this context that should not be underestimated.

It may also be worth taking another look at the gold-silver ratio. Is gold or silver currently undervalued or overvalued? The gold-silver ratio (gold price divided by silver price) is currently around 81.3. At a value of around 60, silver appears to be fairly valued compared to gold in a medium-term historical comparison. If the value is higher, silver is undervalued and an appreciation can be expected. Incidentally, March 2020 represents the all-time high for the ratio, which stood at 124 at the time. Since silver is an industrial metal for around 50 percent of its use and the silver-consuming green revolution is underway, gold’s little brother is predicted to have a positive future.

Sierra Madre Gold and Silver (- https://www.commodity-tv.com/play/sierra-madre-gold-and-silver-ceo-on-the-increasing-gold-and-silver-production-plans-and-exploration/) successfully started production at its Guitarra project (gold and silver) in Mexico at the beginning of the year. A second promising project in Mexico is part of the portfolio.

Skeena Gold & Silver (- https://www.commodity-tv.com/play/skeena-gold-and-silver-developing-one-of-the-most-attractive-gold-projects/ -) is developing a high-grade, low-cost gold-silver project (Eskay Creek) in British Columbia, and two previously producing projects are still in focus.

Current company information and press releases from Sierra Madre Gold and Silver (- https://www.resource-capital.ch/de/unternehmen/sierra-madre-gold-and- silver-ltd/ -) and Skeena Gold & Silver (- https://www.resource-capital.ch/de/unternehmen/skeena-resources-ltd/ -).

Sources:

https://ingoldwetrust.report/gold-silber-ratio-chart/;

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