Mittelstandspresse
07.10.2026
Silver Under Pressure
Herisau, 07.10.2026 (PresseBox) - Silver lost about 8.4% in September and is trading at just over $60 per ounce. However, the expected sixth consecutive year of deficit keeps the medium-term outlook for producers in focus.
Advertisement - This article is distributed on behalf of Endeavour Silver Corp. and Vizsla Silver Corp., with which SRC swiss resource capital AG has paid IR advisory agreements. · Publisher: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: October 7, 2026, 3:35 p.m. Zurich/Berlin ·
Dear Readers,
The price of silver is undergoing a correction. At the close of trading on October 2, the price per troy ounce stood at just over 60 U.S. dollars; in September, the price fell by approximately 8.4%. In January 2026, silver had reached a record high of over 120 U.S. dollars; over the past twelve months, however, it remains up by nearly 30%.
Correction Amid Interest Rates and Geopolitics
According to FXLeaders, silver fell from an interim high of around $71.21 on August 28 to a multi-week low of around $60. A sustained rise above the resistance level of $61.80 to $62.45 would, from a technical perspective, reverse the short-term correction . As a safe-haven asset, however, the metal is supported by the unresolved conflict between the U.S. and Iran and the situation in the Strait of Hormuz.
Sixth Consecutive Year of Deficit
According to the Silver Institute’s World Silver Survey 2026, the market is heading toward its sixth consecutive year of deficit, with a shortfall of approximately 46.3 million ounces, even though industrial processing is expected to decline slightly due to the photovoltaic sector. Supply remains tight: Peru is grappling with an energy crisis, and since the majority of silver is produced as a byproduct - rimarily from copper mines - it can only respond to higher prices to a limited extent.
Endeavour Silver: Three Producing Mines
Endeavour Silver - https://www.rohstoff-tv.com/mediathek/unternehmen/profile/endeavour-silver-corp/ - operates three producing mines: Guanaceví and Terronera in Mexico, and Kolpa in Peru. In the second quarter of 2026, the company reported producing 1,943,955 ounces of silver and 10,474 ounces of gold - a total of approximately 3.4 million ounces of silver equivalent - representing a 31% increase in silver production compared to the same quarter last year. In the first half of the year, production totaled 6.8 million ounces of silver equivalent. The next steps include optimizing Terronera and conducting a feasibility study for Pitarrilla.
Vizsla Silver: Panuco on the Path to Becoming a Mine
Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - owns 100% of the Panuco silver-gold project in Sinaloa, Mexico. The November 2025 feasibility study projects 17.4 million ounces of silver equivalent per year over 9.4 years and a net present value after taxes of $1.8 billion, calculated at $35.50 per ounce of silver. An equipment supply agreement has been signed, and according to the company, approximately $411 million is available. Production is scheduled to begin in the second half of 2027. Permits, the resumption of work, and the start of construction are the key next steps here.
Conclusion: Endeavour Silver and Vizsla Silver on the Verge of Milestones
In the short term, interest rates, the dollar, and geopolitics dominate; in the medium term, the sixth consecutive year of deficit points to a tight market. Endeavour has recently significantly increased its production, while Vizsla plans to begin production in the second half of 2027. Risks remain in the form of metal price fluctuations, permits, and the security situation in Mexico; study results and production targets are no guarantee of future results.
Current company information and press releases from Endeavour Silver (- https://www.resource-capital.ch/de/unternehmen/endeavour-silver-corp/ -) and Vizsla Silver (- https://www.resource-capital.ch/de/unternehmen/vizsla-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/.
Best of luck and warm regards from Switzerland,
Yours,
Marc Ollinger
SRC swiss resource capital AG
Sources and Editorial Basis
Company sources are not independent. Price information: As of market close on October 2, 2026.
Endeavour Silver, Q2 2026 Production Report (July 8, 2026): https://www.sec.gov/Archives/edgar/data/0001277866/000117184326004526/exh_991.htm
Endeavour Silver, Q2 2026 Financial Results (July 29, 2026): https://www.globenewswire.com/news-release/2026/07/29/3335657/0/en/endeavour-silver-announces-q2-2026-financial-results.html
Vizsla Silver, Panuco Feasibility Study (November 2025): https://vizslasilvercorp.com/vizsla-silver-delivers-positive-feasibility-study-for-the-panuco-project/
Vizsla Silver, 2025 Year in Review and 2026 Outlook: https://www.sec.gov/Archives/edgar/data/1796073/000127956926000048/ex991.htm
Vizsla Silver, Management Discussion and Analysis (MD&A) dated September 4, 2026: https://www.sec.gov/Archives/edgar/data/1796073/000106299326004830/exhibit99-2.htm
Vizsla Silver, Presentation at Mining Forum Americas (September 29, 2026): https://www.investing.com/news/transcripts/vizsla-silver-at-mining-forum-americas-2026-permits-and-upside-93CH-4923762
Silver Institute, 2026 Market Outlook: https://silverinstitute.org/global-silver-investment-to-remain-strong-in-2026-against-the-backdrop-of-a-sixth-consecutive-annual-market-deficit/
FXLeaders, Silver Market (Oct. 1, 2026): https://www.fxleaders.com/news/2026/10/01/xag-usd-silvers-break-above-62-5-needed-to-reverse-bearish-run/
Silver Price History: https://www.goldpreis.de/silberpreis/
Source of Intro Image: https://edrsilver.com/portfolio/overview/
Disclaimer and Mandatory Information
Advertisement, Commission, and Compensation
This article is a paid marketing and communications piece and is published on behalf of Endeavour Silver Corp. and Vizsla Silver Corp. SRC swiss resource capital AG has paid IR advisory agreements with both companies; the compensation is not performance-based. The companies did not approve this article prior to publication. This article is not an independent financial analysis, investment advice, individual investment recommendation, or a solicitation to buy, hold, or sell securities. No assessment of readers’ personal circumstances, investment objectives, knowledge, experience, or risk tolerance is conducted.
Creator, Author, and Responsible Party
The creator and publisher is SRC swiss resource capital AG. The author is Ingrid Heinritzi. The person responsible within the meaning of Section 18(2) of the German Media Services State Treaty (MStV) is Marc Ollinger, CEO of SRC swiss resource capital AG.
Conflicts of Interest and Positions
A conflict of interest arises from the paid IR consulting agreements between SRC swiss resource capital AG and the issuers mentioned. Authors, employees, and affiliated companies of SRC may hold (long/short) positions in securities of the issuers discussed or may take such positions in the future. According to information provided by SRC as of the publication date: the author’s personal positions: none; SRC’s net position: none; an issuer’s stake of at least 5% in SRC: no. This information is based on disclosures and has not been independently verified. This disclosure is based, where applicable, on Article 20 of Regulation (EU) No. 596/2014 (MAR), Delegated Regulation (EU) 2016/958, and Section 85 of the German Securities Trading Act (WpHG), as well as on the requirements for clear and prominent disclosure in investor relations communications under the Securities Act (British Columbia).
Sources, Date of Publication, and Scope of Review
This report is based on public company announcements and financial reports from the issuers, publications by the Silver Institute, publicly available market data and market commentary, as well as the SRC’s Precious Metals Report. Date of publication: October 4, 2026; Price data: As of market close on October 2, 2026. The SRC has not conducted its own resource estimate, drill data review, metallurgical study, feasibility study, or independent company valuation. Technical data provided by the companies may have been reviewed by a Qualified Person as defined by NI 43-101, but has not been independently verified by the SRC. The information regarding Panuco is derived from a feasibility study and does not represent production results; the information regarding Endeavour Silver relates to reported production figures. There is no obligation to provide ongoing updates following publication; statutory obligations to correct information remain unaffected. Subsequent changes in the company’s, project’s, market’s, or legal situation may render individual statements obsolete.
Forward-Looking Statements and Risks
This article contains forward-looking statements, such as those regarding production targets, timelines, permits, financing, and market developments. These statements are based on the companies’ assumptions and third-party estimates; actual results may differ materially. Study results are based on price, cost, and planning assumptions and do not guarantee future economic performance. Significant risks include, in particular, fluctuations in metal prices, interest rates, and exchange rates; geological and metallurgical risks; permitting issues; the security situation in Mexico; political and legal risks in Mexico and Peru; energy and supply chain bottlenecks; financing and dilution risks; cost overruns and delays in mine construction and ramp-up; as well as partner and contractual risks. Shares of commodity companies are associated with high risks, including the potential for total loss of invested capital.
Not investment advice
This is not investment advice. This is not a solicitation to buy or sell securities.
No Warranty, Liability, and External Links
All information has been compiled to the best of our knowledge and with journalistic diligence. No warranty is provided for the accuracy, completeness, or timeliness of any information. Liability is excluded to the extent permitted by law. This does not apply to damages resulting from intentional or grossly negligent conduct, to damages arising from injury to life, limb, or health, to mandatory statutory liability provisions, or to damages resulting from a breach of material obligations. In the event of a breach of material obligations due to slight negligence, liability is limited to foreseeable damages typical for this type of contract. The respective operators are responsible for the content of external websites; linked pages are not subject to ongoing review.
Use of AI-Supported Systems
AI-supported systems may be used as editorial tools for research, analysis, structuring, and linguistic editing. Content intended for publication is subject to editorial review prior to publication. Editorial responsibility for the published article lies with of SRC swiss resource capital AG. AI systems do not replace the verification of underlying sources nor an independent professional, technical, legal, or financial review.
Copyright and Distribution
© 2026 SRC swiss resource capital AG. All rights reserved. Reproduction and redistribution, even in part, are permitted only with prior written consent. This article is intended for readers in Germany, Austria, and Switzerland and may not be distributed in jurisdictions where such distribution is prohibited. In addition, the disclaimer of SRC swiss resource capital AG applies: https://www.resource-capital.ch/de/disclaimer-agb/
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Silver Under Pressure
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