Silver Price Hits 13-Year High, Boosting Fresnillo and Hochschild Mining Stocks.

Silver prices reached a 13-year high of $38 per oz, boosting Fresnillo and Hochschild Mining stocks. The Mexican miner Fresnillo rose 2.5%, while Hochschild Mining, with underground mines in Peru and Argentina, surged 4.7%. Gold also traded at a three-week high of $3370, as investors sought safe-haven assets amid Donald Trump's trade war uncertainty.

Silver prices have reached a 13-year high of $38 per ounce, significantly impacting the mining sector. This surge has notably benefited Fresnillo and Hochschild Mining, two prominent players in the sector. On July 2, 2025, Fresnillo PLC (FRES) stock rose by 2.5%, while Hochschild Mining, with underground mines in Peru and Argentina, surged by 4.7%. Additionally, gold prices traded at a three-week high of $3370, driven by investor demand for safe-haven assets amidst Donald Trump's trade war uncertainty.

The increase in silver prices has been attributed to strong demand from the jewelry industry and industrial applications. The rising prices have also been influenced by geopolitical tensions and the ongoing trade war, which have led investors to seek safe-haven assets like gold and silver. This trend has been particularly favorable for mining companies that have a significant exposure to these precious metals.

Fresnillo, a Mexican miner, has seen its stock price rise due to the increased demand for silver. The company operates several mines in Mexico, focusing on the extraction of silver, gold, lead, and zinc concentrates. The recent price surge has likely boosted the company's financial performance, as higher metal prices translate into higher revenue and profitability.

Hochschild Mining, on the other hand, has benefitted from the price increase in both silver and gold. The company's operations in Peru and Argentina provide it with exposure to these precious metals, making it a significant beneficiary of the current market conditions. The company's strong performance has been reflected in its stock price, which has surged by 4.7%.

Investors should closely monitor the developments in the precious metals market, as any further price movements could significantly impact the performance of mining companies like Fresnillo and Hochschild Mining. The ongoing trade war and geopolitical tensions are likely to continue influencing the demand for safe-haven assets, providing further support to the prices of silver and gold.

References:
[1] https://www.investing.com/equities/fresnillo