US Stock Market Move | International gold and silver prices soared, with New Pacific Metals and Silvercorp Metals Inc. both closing up more than 10% and 8% respectively.

Driven by the demand for safe haven and the weakening of the US dollar, international gold and silver prices surged, driving the stocks of gold and silver companies higher. NEW The Pacific Metals (NEWP.US) rose 10.45% on Wednesday to $5.92, with a cumulative increase of 68% so far this year; Silvercorp Metals Inc. (SVM.US) rose 8.06% on Wednesday to $13.01, with a cumulative increase of 56% so far this year. It is reported that market expectations of a possible agreement between the US and Iran have driven gold and silver to their largest gains in over a month. On Wednesday, the spot price of gold rose by 3.6%, surpassing $4700 per ounce; silver surged by almost 7%, reaching a high of $77.82 per ounce. The decline in energy prices has pushed down bond yields, while the US dollar has fallen to pre-war levels. These factors, combined with the fact that gold does not yield interest and is priced in US dollars, bode well for its prospects. Data shows that Silvercorp Metals Inc. processed a total of 147.55 thousand tons of ore in the 2026 fiscal year, a 12% increase year-on-year, significantly exceeding the annual production target of 136.90 thousand tons. This fully demonstrates the continuous improvement in the company's domestic mine operation efficiency and the significant effectiveness of its capacity expansion plan. The annual silver equivalent production remained relatively stable year-on-year, while gold production increased by 16% compared to the previous fiscal year, highlighting the company's portfolio's resilience in generating profits. Meanwhile, with projects in Ecuador and Central Asia coming into operation, the company's future growth momentum will be further unleashed. It is worth mentioning that as a Canadian exploration and development company, NEW The Pacific Metals owns two world-class undeveloped open-pit silver mines in Bolivia. Among them, the Carangas silver-gold mine has a total of 7868 tons of silver, 38 tons of gold, and 2 million tons of zinc + lead in the open pit; the Silver Sand silver mine contains 4886 tons of silver, showing outstanding development potential.