Silver price 20% August surge sends miners soaring

Mining08-21

Silver surged about 20% in August to touch $70 an ounce Friday as the US Treasury’s decision to double long-bond buybacks extended a powerful bid for precious metals. Spot silver reached $70 an ounce ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSilver price 20% August surge sends miners soaring\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-21 10:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mining.com/silver-price-20-august-surge-sends-miners-soaring/><strong>Mining</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Silver surged about 20% in August to touch $70 an ounce Friday as the US Treasury’s decision to double long-bond buybacks extended a powerful bid for precious metals.\nSpot silver reached $70 an ounce ...</p>\n\n<a href=\"https://www.mining.com/silver-price-20-august-surge-sends-miners-soaring/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGDM","symbol_name":"Sprott Gold Miners ETF","start_time":0,"source_url":"https://www.mining.com/silver-price-20-august-surge-sends-miners-soaring/","article_id":"2661940522","we_media_id":null,"thumbnails":["https://www.mining.com/wp-content/uploads/2026/01/AdobeStock_22883129-e1768495511392.jpeg"],"rights":{"source":"mining_highlight","url":"https://www.mining.com/silver-price-20-august-surge-sends-miners-soaring/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2661940522","pubTimestamp":1787277720,"columns":[],"sourceInfo":{"source_id":"mining_highlight","name":"MINING.COM"},"weMediaInfo":null,"summary":"Silver’s run to $70 has ignited mining stocks as major banks map out further upside…","collect":0,"end_time":0,"defaultTopTitle":"mining.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGDM":"Sprott Gold Miners ETF","LU1223083913.SGD":"Schroder ISF Global Gold A Acc SGD-H","LU1150488218.USD":"First Eagle Amundi Income Builder AU2-MD USD","FSM":"Fortuna Silver Mines Inc","LU1223082196.USD":"施罗德环球黄金A Acc","BK4588":"碎股","LU1430597077.USD":"BGF NATURAL RESOURCES \"A\" (USD) INC","BK4017":"黄金","HL":"赫克拉矿业","LU0654597011.USD":"BGF NATURAL RESOURCES \"A4G\" (USD) INC","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","WPM":"Wheaton Precious Metals","AG":"First Majestic Silver Corporation","LU1150488135.SGD":"First Eagle Amundi Income Builder AHS-MD SGD-H","PAAS":"泛美白银","CDE":"科尔黛伦矿业","SLVR":"Sprott Silver Miners & Physical Silver ETF","LU0612318971.USD":"BGF NATURAL RESOURCES \"A5G\" (USD) INC","BK4210":"白银","PAAU":"T-Rex 2X Long PAAS Daily Target ETF","SLVX":"Nicholas Silver Income ETF","LU0345780521.USD":"NINETY ONE GSF GLOBAL GOLD \"A\" (USD) INC","AGMI":"Themes Silver Miners ETF","BK4570":"地缘局势概念股","GDX":"黄金矿业ETF-VanEck","SLJY":"Amplify SILJ Covered Call ETF","HLXX":"Tradr 2x Long HL Daily Etf","SVM":"Silvercorp Metal","FMTL":"First Trust Indxx Critical Metals ETF","BK4585":"ETF&股票定投概念","AUAU":"Global X Gold Miners ETF","SILJ":"Amplify Junior Silver Miners ETF","SIL":"Silver Miners Etf","LU0612318385.USD":"BGF NATURAL RESOURCES \"A2\" (USD) ACC","GDXJ":"小型黄金矿业ETF(Market Vectors)","LU0345780281.USD":"NINETY ONE GSF GLOBAL GOLD \"A\"  ACC","LU1223082519.USD":"SCHRODER ISF GLOBAL GOLD \"A\" (USD) INC AV","LU2357627491.SGD":"TRP GLOBAL VALUE EQUITY \"AH\" (SGDHDG) ACC","LU0859254822.USD":"T ROWE PRICE GLOBAL VALUE EQUITY \"A\" (USD) ACC"},"translate_title":"8 月份银价飙升 20%，导致矿商飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GDX":0.6,"SGDM":0.6,"FSM":1.88,"PAAU":0.6,"SLJY":0.6,"WPM":1.9,"HLXX":0.6,"PAAS":1.87,"AUAU":0.6,"AG":1.88,"SILmain":0.6,"AGMI":0.6,"FMTL":0.6,"SIL":1.9,"CDE":1.88,"SILJ":1.89,"HL":1.92,"SVM":1.87,"SLVX":0.6,"GDXJ":0.6,"SLVR":0.6},"content_text":"Silver surged about 20% in August to touch $70 an ounce Friday as the US Treasury’s decision to double long-bond buybacks extended a powerful bid for precious metals.\nSpot silver reached $70 an ounce on August 21 before easing slightly, up from about $57.59 at the end of July. The rapid advance has pushed the metal beyond several banks’ full-year average forecasts while leaving it below many of their more bullish year-end targets.\nSilver equities have moved even faster, with the largest producers, streamers and junior-focused exchange-traded funds amplifying the metal’s gains as investors pile into the sector.\n\n\n\n\n\nThe rally highlights silver’s leverage to shifts in monetary conditions and investor demand. With bullion already at levels that recently looked aggressive, attention is turning to whether miners can sustain their outperformance and how much of Wall Street’s bullish outlook has already been priced in.\nMiners amplify\nHecla Mining (NYSE: HL), the largest US silver producer, led the group with a 47% August gain, more than twice the metal’s advance.\nWheaton Precious Metals (TSX, NYSE: WPM) climbed 44%, while Coeur Mining (NYSE: CDE), First Majestic Silver (NYSE: AG) and Fortuna Mining (NYSE: FSM) each gained 42%. Silvercorp Metals (NYSE: SVM) advanced 36%.\n\n\n\n\n\nThe Global X Silver Miners ETF (NYSE Arca: SIL) rose 35%, while the ETFMG Prime Junior Silver Miners ETF (NYSE Arca: SILJ), which focuses on smaller developers, added 32%.\nPan American Silver (TSX, NYSE: PAAS), the world’s largest primary silver producer, gained 22%. While that was the weakest performance among the group, it still exceeded silver’s roughly 20% advance.\n\n\n\n\n\nThe broad outperformance shows how quickly operating and market leverage can flow through silver equities during a sharp metals rally. It also raises the stakes if bullion reverses, because the same leverage that boosts miners during an upswing can magnify losses when prices retreat.\nBank targets\nMajor bank forecasts remain widely dispersed, reflecting uncertainty over how far silver’s rally can run after its rapid ascent. Year-end and peak calls stretch from roughly $67 to $118 an ounce, while several institutions see potential for triple-digit prices.\nUBS targets $80 an ounce at year-end, while J.P. Morgan has an $85 fourth-quarter high and warns of downside risk to $50. Goldman Sachs forecasts a full-year average range of $85 to $100.\nCitigroup is more bullish, targeting $110 an ounce for the second half and maintaining a medium-term range of $110 to $150. CIBC sees about $105 at year-end, while BNP Paribas targets roughly $100.\n\n\n\n\n\nAt the more conservative end, ING forecasts $74 for the fourth quarter and HSBC sees a $75 full-year average. Commerzbank has a $67 year-end target, although it retains a longer-term bullish target of $90.\nBank of America has a $85.93 full-year average baseline and sees silver exceeding $100 in the fourth quarter. Its tail-risk scenario stretches from $135 to $309 if the gold-to-silver ratio compresses sharply.\nBMO Capital Markets forecasts a $74.50 full-year average but retains a $160 fourth-quarter bull case based on similar ratio compression. TD Securities has the highest peak call among the forecasts at $118, alongside a much more bearish $44 full-year average baseline.\nScotiabank forecasts a $65 full-year average, while Royal Bank of Canada maintains an outperform view and highlights a central recovery band around $75 extending into 2027. Bain Commodities sees an $85 peak against an annual average near $63.50.\nThe range underscores how dramatically silver’s August rally has changed the debate. At $70, the metal has already overtaken some banks’ baseline expectations, leaving the next leg dependent on whether investment demand can keep pushing prices towards the increasingly crowded cluster of forecasts in the $74-to-$100 range.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2661940522","isCrawlerRequest":true}