That’s a big deal: policy support + attention for a metal already in a 5th straight year of supply deficit, with an elevated Gold: Silver ratio and even Saudi Central bank-linked Silver ETF buying.
Impact on Silver prices? 👀
It could be a tailwind as it helps in funding and procuring more of it.
(Refs: USGS draft list: public-inspection.federalregister.gov/2025-16311.pdf).
Note that Silver was not on this list in 2022 and has now been added.