Shares for the SILVER rally and forecasts in DANGER! Steyr Motors, First Majestic Silver, and Silver North Resources!

First Majestic Silver with record results

Along with the price of silver, First Majestic Silver's share price has also shifted into reverse. From a high of EUR 13.45, the share price fell to EUR 10. In the meantime, the price has worked its way back up to over EUR 11.

First Majestic Silver recently reported record production. In the third quarter of 2025, 7.7 million ounces of silver equivalent were produced in a three-month period, more than ever before. The record result represents a 39% increase over the previous year. The success is mainly due to the doubling of silver production to 3.9 million ounces. To achieve this, First Majestic integrated its 70% stake in the Los Gatos mine in Mexico. CEO Keith Neumeyer pointed to the successful implementation of operational improvements and positive exploration results in San Dimas and Los Gatos. First Majestic also impressed with a stable balance sheet and an improved ESG rating from Sustainalytics, which classified the Company as "medium risk" for the first time.

Analysts continue to see upside potential for the silver stock. According to marketscreener.com, the average price target is around EUR 14. If Keith Neumeyer's forecast proves accurate and the price of silver does indeed rise above USD 100 per ounce in the longer term, then significantly higher prices are also likely to be possible. While First Majestic is a core investment in the segment, exploration companies are also worth considering as additions to the portfolio. One interesting company in this sector is Silver North Resources. The Canadian company has once again reported positive results.

Silver North Resources: High-grade results for the next price jump

After Silver North Resources' share price more than tripled to EUR 0.26 between July and September, it has fallen back to around EUR 0.17 in recent weeks. This presents an attractive entry opportunity. The news from the projects in Canada's famous Yukon region is consistently positive.

Significant progress has been made in this year's exploration program at the Veronica project in southern Yukon. The work confirmed the potential for carbonate replacement deposit (CRD) mineralization similar to that found at Coeur Mining's nearby Silvertip mine. Soil sampling extended the existing silver-lead-zinc anomaly at the Betty target area from 450 to 1,000 meters, with the structure remaining open to the east and south. High-grade silver mineralization was reported in rock samples with peak values of up to 2,860 g/t silver. According to CEO Jason Weber, these findings underscore the opportunity for Veronica to become another significant CRD target in this emerging silver-lead-zinc district.

Progress has also been made on the Haldane Silver Project in the Keno Hill District. As part of the 2025 program, six drill holes totaling 1,300 meters have been completed to date to extend the high-grade silver-lead-zinc mineralization at the Main Fault Zone. This zone already contains several prolific veins with previously reported peak grades of over 1,000 g/t silver. Initial assay results are expected shortly and could further substantiate the project's potential in the immediate vicinity of Hecla Mining's producing Keno Hill Mine.

Further news flow is expected in the coming weeks. If this is again positive and the silver price rises again, Silver North shares are likely to march at least toward their recent high of EUR 0.26.

Steyr Motors: The growth engine is stalling

And what is Steyr Motors doing at the moment? The stock was certainly one of the return stories of the first half of the year. After surging from EUR 15 to over EUR 200 in the spring, the stock has settled between EUR 40 and EUR 60. The price increase in the current year is still a strong 260%.

However, there was no great jubilation after the latest quarterly figures. The developer of special engines for military and civilian applications increased its revenue by 15.2% to EUR 34.4 million in the first nine months of 2025. According to the Company, the decline in EBIT from EUR 5.4 million to EUR 4.0 million is in line with plans and is attributable to the expansion of production and personnel capacities. This is because the Company intends to significantly increase production and sales in the coming quarters.

Accordingly, the Company's current valuation of EUR 258.4 million justifies future growth. Steyr points to an order backlog of more than EUR 300 million through 2030. This means that the Company is well on track to grow organically and increase profitability in the coming years.

In the short term, however, there could be a slight disappointment. The Company confirms its 2025 forecast of at least 40% revenue growth with an EBIT margin of over 20%. However, it points to some sluggish budget approvals and decision-making processes among end customers. Shareholders should be aware of this.

First Majestic Silver and Silver North Resources offer the opportunity to be part of the next silver rally. Silver North is also likely to see further positive news flow. Steyr Motors has full order books. However, as with other defense stocks such as Rheinmetall and Hensoldt, there is a sense of short-term caution among government customers when it comes to placing concrete orders. The forecast for the current year is at risk.