Are rising oil prices hurting silver miners? This might actually be good news! Silver prices are accelerating toward a breakout.

Rising oil prices are hurting some silver miners, causing them to lose $2 on every ounce of silver they sell. Yet, from the long-term perspective of silver bulls, this may actually be good news—it could accelerate the onset of a major silver bull market. Since OPEC began cutting production earlier this year, oil prices have risen steadily, and silver prices initially rose in tandem. However, since February 27, the price trajectories of these two commodities have diverged: international oil prices have continued climbing by 11%, while silver prices have fallen by 10%. This divergence has left top-tier silver miners voicing growing concerns. Analyst Steve St. Angelo wrote on the 21st that, amid the sustained rise in oil prices over recent months, leading international silver miners are now facing a $2 loss on each ounce of silver they produce and sell. Should oil prices continue rising while silver prices remain weak, their situation will only worsen. He further pointed out that, based on the average silver price of $15.57 per ounce in Q1 this year, the average breakeven price for top silver miners in Q1 2019 stood at $16.54 per ounce. As of last Friday’s close, spot silver traded at just $14.38 per ounce. Consequently, some already-thin-margin miners are now selling silver at a loss. As shown in the chart, certain producers face breakeven thresholds as high as $22.27 per ounce, while even the most efficient silver miners still operate slightly below their $14.95-per-ounce breakeven point. Oil prices are continuously driving up silver miners’ production costs. According to EIA data, the average U.S. WTI crude oil price in Q1 was $54.82 per barrel; from April through mid-May, it rose to an average of $63.28 per barrel. Thus, silver miners’ production costs in Q2 so far have increased by 15% compared to Q1. Alarmingly, this trend is likely to intensify.

The military enters mining—silver becomes a strategic asset.

• 🤝 Announced invitation to join the Critical Minerals Forum (CMF). • 🦅 This forum is no ordinary initiative—it is directly sponsored by the U.S. Defense Advanced Research Projects Agency (DARPA). • 🎯 Its core objective is clear: to establish a secure and independent domestic mineral supply chain, countering export restrictions and supply-chain dominance by foreign nations—especially among major powers. --- II. Why Silver47? You’re probably wondering: why would a startup focused on silver be invited into the Pentagon’s circle? Two fundamental reasons: • ✨ Alaska’s co-occurring mineral deposits—the ‘ace in the hole’ • Their Red Mountain project in Alaska has confirmed reserves of silver, zinc, copper, and gold. • Most recently, drilling revealed high concentrations of antimony and gallium! • Note: Gallium is essential for next-generation semiconductors; antimony is indispensable for military munitions and night-vision equipment. • China has already imposed export bans on antimony and gallium to the U.S. Holding these resources instantly makes Silver47 highly desirable! • 🚀 A strategic re-evaluation of silver and copper • These metals are transitioning from traditional categories—‘precious metals’ or ‘industrial metals’—into ‘national security strategic assets’. • From tech giants’ data centers to the guidance systems of Tomahawk cruise missiles—and even cutting-edge medical devices—silver is indispensable. • The U.S. is actively pushing to formally include silver and copper on its national ‘critical minerals’ protection list! --- III. The military’s strategic intent in entering mining

Silver miner Sinda raises $213 million in US IPO

Jun 26, 2026

Silver miner Sinda raised $213 million in its U.S. IPO, selling 17.75 million shares at $12 each. Backed by The Electrum Group, the company will begin trading on the New York Stock Exchange under the ticker symbol "SIND".

reuters

Silver miner Sinda raises $213 million in US IPO

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