Silver's Surprise Breakout Could Mint the Metal's Biggest Bull Run Since 2011
VANCOUVER, BC, July 18, 2025 /CNW/ -- USA News Group News Commentary – Within the last week, silver crossed the $39 barrier, hitting its highest level since 2011. Now analysts are predicting what could be the summer of silver, for both bullion and mining stocks, as witnessed by recent ETF trends. Despite a more recent pullback, silver's price remains higher than it's been in recent memory, in what some analysts are calling a generational technical breakout. This recent bullish environment is causing the market to start shifting focus to silver miners, including paying closer attention to recent developments from Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF), Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI), Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR), MAG Silver Corp. (NYSE: MAG) (TSX: MAG), and Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS).
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SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Most Canadians support weakening or abolishing the current agricultural supply management program , a long overdue realization. Under this program, a national marketing agency sets provincial production quotas for eggs, poultry, and dairy. Farmers then receive permission to produce and sell a set amount of each good at a guaranteed minimum price. A University of Manitoba study found that families pay over $900 million more per year for supply-managed goods than they would in a free market. But the effects of Canada's second, unofficial supply management system are much worse. Through a web of urban planning rules , municipalities prevent housing construction from keeping up with growing demand, causing home prices and rents to balloon. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. The two systems differ in their details, but not in their effects, because the underlying economics are the same. When the government artificially constrains supply, consumers foot the bill through higher prices. Under supply management, the federal government directly sets production ceilings to stabilize prices and guarantee farmers' incomes. This system protects farmers at the expense of consumers, who pay more for groceries than they otherwise would. Under land-use regulations, local governments limit building heights, set aesthetic standards, ban certain types of construction in designated areas, and impose other rules, such as parking requirements and minimum lot sizes. These rules have various goals, from environmental protection to the preservation of historic neighbourhoods. However, by making housing harder and more costly to build, they also constrain supply and radically inflate prices. This advertisement has not loaded yet, but your article continues below. Individually, these rules may seem reasonable, but cumulatively, they stifle development by outright banning projects or layering costs that render new housing unprofitable. The result is a shortage of housing, most of which becomes too costly for the average homebuyer or renter. When more people bid for goods, the price of those goods rises. In a free market , producers respond by producing more of them, lured by the prospect of higher profits. Over time, as more producers enter the market and existing firms compete with one another to attract buyers, prices decrease to attract new customers. 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Houston's developers are no less 'greedy' than Toronto's; they're simply constrained by competition in a freer market. A relatively free housing market incentivizes them to compete for customers through lower prices and an almost non-existent regulatory burden allows those prices to remain quite low indeed. The same can be true in Canadian cities if governments get out of the way. It's about time for Canadians — young Canadians in particular — to start demanding that local officials get rid of regulations that price them out of the housing market. Federal and provincial governments must penalize those who cling to obstructionist rules. Canadians are tired of overpaying for a carton of milk — and rightfully so. It is time we lost patience with paying too much for housing, too. Anthony De Luca-Baratta is a contributor to the Center for North American Prosperity and Security, a project of the Macdonald-Laurier Institute Sports World Ontario Canada Toronto & GTA
