Summa Silver Corp. (TSXV: SSVR, OTC: SSVRF, FRA: 48X)
Silver Lives Here
In the global precious metals market, gold has led with a 23% year-to-date increase while silver recorded a 10% rise, pushing their price ratio to an historic high of over 100:1. Market analysts note that the long-term gold/silver ratio typically ranges between 40 and 60—a deviation suggesting significant catch-up potential for silver.
Historical patterns indicate that the second phase of a precious metals upswing is often driven by silver, and signals of a shift in market momentum are emerging.
As uncertainty from the Trump administration’s “Liberation Day” tariff policy initiated on April 2 is gradually absorbed, the S&P 500 has recovered the losses incurred after the policy announcement. This recovery has diminished gold’s safe-haven appeal, which in turn has led to a pullback in gold prices over the past two weeks and provided an opening for silver’s value reappraisal.
The CEO and founder of Summa Silver Corp, Galen McNamara, presented updates on the company’s progress and developments at the 2025 GCFF Online Silver Investment Conference. Summa Silver is a Canadian junior mineral exploration company that holds a 100% interest in the Hughes Project located in central Nevada. Additionally, it has an option to acquire a 100% interest in the Mogollon Project located in southwestern New Mexico. The Hughes Project hosts the historically high-grade Belmont Silver Mine.
Unlike gold’s financial function, silver benefits from broad industrial applications—including in photovoltaic systems and new energy vehicles—which are establishing fresh price support. Despite the U.S. experiencing its first quarterly GDP decline since 2022 in early 2025, Ned Davis Research highlights that market expectations for an economic slowdown are already factored into silver’s current price, leaving room for a rebound. Moreover, research from WisdomTree suggests that a milestone event—China’s renewable energy installed capacity surpassing that of thermal power—will continue to boost demand for silver in photovoltaic module manufacturing.
The bullish case for silver is further reinforced by changes in global supply-demand dynamics. Data shows that from 2020 to 2024, global silver supply has been unable to meet demand, with the imbalance steadily widening. Currently, about half of silver production is consumed by industrial applications, and as the clean energy revolution accelerates, this structural deficit is likely to intensify.
From a technical perspective, silver prices have risen cumulatively by 7% over the past four months and 19% over the past year, reclaiming the $34.4 level last seen 13 years ago. Analysts generally contend that, if silver can overcome the key resistance level at $50, it could then surge to $88 between 2027 and 2028, with potential to challenge the triple-digit threshold around 2030. The primary drivers are expected to include a tightened supply, global monetary policy shifts, and renewed inflation pressures.
Against a backdrop of escalating geopolitical risks and intensifying trade tensions, silver’s dual role as both a safe haven and an industrial metal is attracting increasing investment interest. Market experts advise investors to monitor the opportunities arising from a rebalancing of the gold-silver ratio and to capitalize on the rotation within the precious metals bull market.
