Silver is waking up again
Things are happening again with silver. After the price appeared to have found a floor at USD 70, it suddenly surged upward again in early May. For a brief moment, it seemed as though the USD 90 mark might even be reached. But this rally was likely a bit too much of a good thing. Within a few days, the price of the precious metal slipped back below USD 80. Yet this development shows that the bulls are biding their time. A hot candidate for the next rally in the sector is Silver Viper Minerals.
Attention, commodity investors
Silver Viper Minerals stock should be on every commodity investor’s watchlist, at the latest, following the CEO’s recent presentation. That is because Steve Cope made a very strong impression just a few days ago during a virtual investor presentation. He painted the picture of an ambitious explorer aiming to become Mexico’s largest precious metals explorer. This is all the more impressive when you consider that no other country in the world produces as much silver as Mexico.
Cope emphasized that, in his view, the recent pullback in gold and silver stocks represents an attractive entry opportunity for investors. Silver Viper intends to strategically model itself after successful Mexican explorers such as Vizsla Silver or SilverCrest and rise to become Mexico’s largest explorer within the next 12 to 18 months. To this end, the company plans to drill more than 60,000 m this year alone. The focus is on the core projects La Virginia and Coneto, while the Cimarron project currently plays a secondary role.
Attention Commodity Investors
Cope discussed the La Virginia project in the Mexican state of Sonora in particular detail. There, Silver Viper sees significant potential for a substantial expansion of the existing resource, which currently stands at around 700,000 ounces of gold equivalent. According to the company, the El Rubi deposit has proven particularly promising, as high-grade structures are combined with broad mineralized zones. Management also highlighted strong metallurgical results with gold recovery rates exceeding 90%. Due to the sharp rise in precious metal prices since the initial resource estimate in 2021, numerous areas that were previously uneconomic could be included in a future resource estimate. The goal is to expand the resource to approximately 1.5 million ounces of gold equivalent in the medium term.
The recently fully acquired Coneto project in the state of Durango was also highlighted as an important growth driver. The existing resource there already comprises approximately 535,000 ounces of gold equivalent. It should be noted that only a small portion of the ore veins already known have been systematically explored to date. Silver Viper plans to develop the project further using two drilling rigs simultaneously. The focus is, on the one hand, on expanding the known resource. However, the company also intends to explore new areas. In addition, the company hinted at further potential acquisitions to build up additional precious metal resources at a low cost.
Strong Shareholders and New US Listing
The growth strategy is supported by strong institutional investors, including billionaire Eric Sprott. Anchor shareholders also include Mexico’s largest silver producer, Fresnillo. If the silver rally really picks up steam again, more US investors are likely to jump on board with Silver Viper. Since early May, the stock has been listed on the OTCQX Best Market in the US. This means the Canadian exploration company meets higher financial standards, corporate governance, and transparency requirements. The ticker symbol is “VIPRF.” Management views this move as an important milestone to increase visibility among US investors, improve liquidity and further strengthen the company’s capital market presence as it expands its Mexican projects.
2025 Drilling Program Raises High Expectations
If the current drilling comes even close to matching previous results, it can really only be a matter of time before Silver Viper’s stock takes off again. Since October 2025, more than 5,600 m of drilling have been completed at La-Virginia, testing both new exploration targets at El Molino and infill drilling in the core area of the existing El Rubi resource.
High-grade hits were achieved at El Rubi. Drill hole LV26-345 was particularly spectacular, returning an average of 9.18 g/t gold and 352 g/t silver over 11.7 m, including 4.2 m at 24.79 g/t gold and 955.1 g/t silver. Within this section, peak values of 183.5 g/t gold and 6,850 g/t silver were even achieved over 0.5 m. Other drill holes also delivered strong results with up to 50.66 g/t gold.
The mineralized structures at El Molino were also impressive. There, drill hole LV25-331 returned, among other things, 3.5 m grading 1.25 g/t gold and 24.81 g/t silver, while LV25-336 intersected 3.2 m grading 1.66 g/t gold. It is therefore no surprise that Silver Viper Minerals plans to drill so intensively this year.
Silver Viper Minerals has clear objectives, strong shareholders, and compelling drill results. Of course, the silver price must also cooperate, but if sentiment is right, Silver Viper should be among the sector’s outperformers.
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