Silver enjoyed a breakout year in 2025, and these ASX companies are making the most of the bull run

Silver exploded in 2025, with prices up ~145% to about US$72/oz — far outpacing gold — driven by soaring industrial demand (solar, EVs, AI) and a fifth consecutive supply deficit. Analysts now see silver staying strong or even accelerating further.

What makes this especially compelling for IVR:

• Investigator Silver is highlighted as the only pure-play Australian-focused silver company on the ASX, giving investors direct leverage to the metal’s run.

• IVR’s Paris Silver Project boasts ~57Moz contained silver, and its development economics look far more attractive now that prices have more than doubled since the last PFS.

• A definitive feasibility study (DFS) is underway for H1 2026, expected to fold in current price levels — a catalyst for re-rating.

🔎 In short: Silver is having a monster year, and Investigator Silver is uniquely positioned to capture the upside as a focused Aussie silver developer — not just a by-product miner.

Silver enjoyed a breakout year in 2025, and these ASX companies are making the most of the bull run - Stockhead