Turnaround after the sharp correction? Silver price target USD 100 with Silver Viper, SAP, and Deutsche Telekom

Silver Viper – Dream destinations in Mexico

This silver sell-off was intense! However, Canadian explorer Silver Viper Minerals flexed its muscles. The company has positioned itself remarkably robustly, both operationally and strategically, in a highly volatile silver market, outperforming the underlying commodity price with significantly above-average share performance. While the silver price has recently experienced extreme swings, the company has been able to justify its valuation primarily through company-specific progress and consistent project development.

The Canadians are focusing on several gold and silver projects in Mexico, all of which are located in established precious metal regions with good infrastructure. The core La Virginia project forms the foundation of the growth story, as extensive historical and current drilling data have already created a robust resource base. The ongoing and planned exploration programs now aim to significantly expand the known mineralization both laterally and at depth and further increase the economic value of the project. A key milestone was the successful raising of approximately CAD 17 million in capital, which not only secures financing for the next phase of development but also underscores the confidence of institutional investors. These funds enable Silver Viper to advance several projects in parallel, thereby diversifying exploration risk.

Of particular strategic importance is the complete consolidation of the Coneto project, which is located in one of Mexico's most productive silver zones and already has substantial inferred gold and silver resources. The participation of renowned industry leaders such as Fresnillo and Orex Minerals lends the project additional industrial validation and brings valuable technical expertise to the table. The project portfolio is complemented by Cimarron, a gold-copper project with a proven resource that opens up additional optional value levers.

The company has also strengthened its management and governance by bringing in experienced leaders with a strong background in capital markets and commodities. This increases professionalism in financing, reporting, and strategic management and is particularly relevant in a capital-intensive exploration phase. Against this backdrop, the recent price setbacks for silver appear to be a welcome opportunity to increase exposure to Silver Viper. After highs of CAD 2.55, the stock corrected to CAD 1.65, but on Friday it had already reached CAD 2.02 again. Institutional investors such as Sprott Asset Management and US Global Investors are among the major shareholders, and the market capitalization is currently CAD 186 million – a drop in the bucket for the above-mentioned projects!

IIF presenter Lyndsay Malchuk talks to CEO Steve Cope about developments and the further exploration strategy in Mexico.

https://youtu.be/Ia9DA86ksGg

SAP – After the figures comes the next upswing?

The Walldorf-based software company SAP is certainly not a major consumer of silver, as the ERP and cloud experts supply medium-sized companies with first-class business software. However, an indirect connection is coming to the attention of investors in view of the ever-growing cloud business: large data storage facilities require enormous computing capacities in the form of large-scale systems. The construction of these gigantic data centers consumes vast quantities of metals and, since the push for AI applications, has become a bottleneck in the further development of high-tech companies. The spotlight is naturally on the important conductor metals copper and silver, but only through indirectly measurable demand. In its core business, SAP reported solid earnings and revenue figures for fiscal year 2025 at the end of January, with earnings per share and cloud revenue continuing to grow, but some key metrics falling short of analysts' expectations. As a result, SAP's share price plummeted 20% from EUR 207 to around EUR 168. There were tentative attempts at recovery last week, but analysts still consider the projected growth to be too low.

In its latest outlook, SAP confirmed its annual targets for cloud revenue and rising operating profits, but cited a certain "reduced visibility" due to geopolitical and economic uncertainties, particularly in the US. Analysts reacted differently to this cautious guidance: some continue to see strong potential, while others have lowered their price targets or adjusted their ratings. Nevertheless, 27 of 37 analysts on the LSEG platform still recommend a "Buy" with an average 12-month price target of EUR 248. Deutsche Bank has already updated its target to EUR 220 and Banco Santander to EUR 190. Based on 2027, the P/E ratio is now only 20 – cautiously accumulate in the EUR 165 to 172 range!

Deutsche Telekom – Now also active in the commercial AI business

Deutsche Telekom surprised everyone last week with a bombshell in the field of artificial intelligence. The Bonn-based company has put its first large AI factory into operation in Munich. The large-scale facility near the English Garden is part of a new innovative business model for industry, start-ups, and the government. CEO Timotheus Höttges believes that this joint project with US chip manufacturer Nvidia and Europe's largest software company SAP is putting the company on the right track to finally tap into a real growth area. For years, analysts have criticized the telecom giant's lack of aggression in the fields of the future. Over EUR 1 billion has been invested, and Finance Minister Lars Klingbeil is also enthusiastic: "This is an important milestone for the German and European AI ecosystem." The new large data center is equipped with 10,000 graphics processors from Nvidia, which are primarily intended to process AI requests from companies in the surrounding area. **Analysts were optimistic, with current ratings from ODDO, Intesa, and Berenberg certifying price targets between EUR 33 and EUR 38. The consensus on the LSEG platform is also EUR 36.88. With a dividend yield of 3.8% in 2026 and a P/E ratio of 13.7, investors in Deutsche Telekom are not far wrong at levels around EUR 30! Technically, important zones have just been recaptured.

The stock market is going through some serious ups and downs. This is not just affecting the precious metals sector; high-tech is also correcting its recent record highs, and the crypto sector is seeing sharp declines. After such a significant upward cycle over the past two years, a correction should not necessarily come as a surprise. Dynamic investors are already buying again, while others are still taking a cautious wait-and-see approach. Not everyone can simply buy into these high prices; it takes courage. The next rally is already on the horizon for Silver Viper, and SAP and Deutsche Telekom are also well on track. All three stocks are attractively priced in their sector.