This is an 'EXPLOSIVE' outbreak of silver prices, Pan American Silver CEO says

Industry Overview - Gold prices have increased approximately 24% year-to-date, while silver has surged nearly 60% since the beginning of the year, extending a 147% rise from the previous year [2][3] - The recent rally in precious metals has led to significant gains for mining companies, particularly Pan-American Silver, whose stock has skyrocketed 185% in the past year [3] Company Performance - Pan-American Silver expects to increase silver production to between 25 to 27 million ounces in the current year, up from 22.8 million ounces last year, alongside a planned production of 700,000 to 750,000 ounces of gold [5] - The company holds the largest reserves and resources of silver globally, with operations primarily in Latin America, particularly in Mexico and Peru [7] Market Dynamics - The demand for silver is driven by its industrial applications, particularly in electronics and energy production, as well as its role as a safe haven asset similar to gold [17][18] - Despite potential market corrections, the outlook for silver remains positive due to strong investor interest and industrial demand [15][18]