"A Silver Nitrate Enterprise: Orders Drop in April, Processing Fees for Supplied Materials Rise"

The rally that propelled gold and silver to record-breaking highs in 2025 could pick up again if a U.S.-Iran peace deal is reached, market watchers told CNBC as prices ticked higher on Thursday.

Silver price forecasts across key horizons have been sharply cut by UBS, driven by subdued investment demand, weaker industrial usage, and climbing mine production.

On May 5th, according to Reuters, an explosion occurred at Kazzinc’s site. Kazzinc said that it occurred during cleaning work on a smoke extraction system, followed by a fire and partial structural collapse. So far, emergency ministry said the fire had been extinguished. Kazzinc, owned by Glencore, has an annual production of roughly 250-300 kt of zinc, 100-150 kt of lead and around 87.5 kt of copper cathode. Kazzinc hasn't disclosed the specific impact. Based on currently available information, the incident mainly involved smoke extraction/dust-collection equipment, may cause temporary disruption to related operations. There is no evidence so far that the main zinc electrowinning line was damaged. Further updates needed on the scope of any cuts or suspensions and the repair timeline.