US Stock Market Move | Gold and silver stocks are generally rising. Pan American Silver Corp. (PAAS.US) and Coeur Mining, Inc. (CDE.US) both rose more than 3%.

On Thursday, gold and silver stocks rose across the board, with Pan American Silver Corp. (PAAS.US) and Coeur Mining, Inc. (CDE.US) up more than 3%, while Newmont Mining Corporation (NEM.US) rose more than 2%. On the news front, spot silver continued to rise, gaining nearly 1% intraday and surging 115% year-to-date, now trading at $62.39 per ounce. Shengbao Bank released a report on Wednesday stating that, due to rare favorable factors such as monetary policy, market structure, and supply and demand in the spot market, the price of silver is expected to double by 2025, breaking through the $60 mark and setting a new historical record high. Looking ahead to 2026, the bull market in silver is expected to continue, but caution is advised against potential disruptions. Ole Hansen, head of commodity strategy at Shengbao Bank, analyzed that tight supply, insufficient price elasticity of industrial demand, and market mismatches driven by policies together amplified the rise in the price of silver far beyond what can be explained by the trend in gold prices alone.