NEW YORK, Dec. 28, 2025, 2:38 a.m. ET, Market closed — Vizsla Silver Corp. (NYSE American: VZLA; TSX-V: VZLA) is heading into the final trading days of 2025 with momentum on its side after a strong Friday move that coincided with a powerful year-end bid in precious metals and a holiday-thinned U.S. equity session.
With U.S. exchanges closed for the weekend, investors are now in “prep mode” for Monday’s reopen—balancing a surging silver tape, a light-liquidity year-end market backdrop, and a string of recent analyst notes that have put new price targets on the stock.
VZLA stock price: where Vizsla Silver left off on Friday
Vizsla Silver ended Friday’s regular session at $5.92, up $0.25 (+4.41%), after trading between roughly $5.66 and $5.92. Reported volume was elevated for a holiday-adjacent session, with data providers showing about 6.8 million shares changing hands. [1]
In post-market trading, VZLA was quoted around $5.99 late Friday evening. [2]
That Friday pop matters not just because it was green, but because it arrived in a broader market tape that was essentially “flat,” implying stock-specific and sector-specific forces were doing the heavy lifting.
The bigger backdrop: a thin year-end session with “Santa Claus rally” chatter
Friday’s U.S. market session was subdued and low conviction, with all three major indexes finishing only slightly lower as holiday volume stayed light. Reuters quoted Ryan Detrick, chief market strategist at Carson Group, describing the day as markets “catching our breath” after a strong multi-day run—while noting the market is still in the “Santa Claus rally” window often watched by seasonal traders. [3]
Importantly for a silver-linked name like Vizsla, Reuters also reported that materials led the S&P 500 sector performance on the day. [4]
The main fuel: silver ripped to new records
If Vizsla Silver stock had a tailwind on Friday, it was wearing a big, shiny “Ag” badge.
Reuters reported that spot silver pushed through $77/oz for the first time, hitting an all-time high near $77.40/oz before easing slightly, as expectations for Federal Reserve easing and ongoing geopolitical tensions supported safe-haven demand. [5]
In the same report, Peter Grant, vice president and senior metals strategist at Zaner Metals, warned of volatility in thin markets but said the trend remained strong—and he explicitly flagged $80 silver as “within reach” by year-end. [6]
That kind of move matters for Vizsla because the company is widely treated by the market as a high-beta way to express a bullish silver view—especially at times when the commodity itself is making headlines.
Analyst outlook: new and reiterated “Buy” calls keep the spotlight on VZLA
Over the past week, several analyst updates have circulated that investors will likely continue to reference as trading resumes.
Cantor Fitzgerald initiates coverage (Buy, $7 target)
TipRanks/TheFly reported that Cantor Fitzgerald analyst Matthew O’Keefe initiated coverage of Vizsla Silver with a Buy rating and a $7 price target, pointing to Panuco’s economics and expansion potential, and arguing the company is well-positioned to start production at Panuco in late 2027. [7]
Investing.com’s write-up of the same initiation also cited Cantor’s framing of Panuco as a “best-in-class” project and repeated the US$7.00 target (via C$9.60), while describing the firm’s expectations around production timing and scale. [8]
Roth Capital raises target (Buy, $7 target)
TipRanks/TheFly also reported that Roth Capital analyst Mike Niehuser raised his firm’s price target on Vizsla Silver to $7 from $6, maintaining a Buy rating, and tying the upgrade to the company’s feasibility work and perceived project de-risking. [9]
What “price targets” do—and don’t—mean
Targets can influence near-term sentiment, but they’re not guarantees. In practice, they function more like a public “map” of what analysts think could happen if key assumptions hold (metal prices, permitting, funding, build timeline, and execution). For a company whose narrative includes both development and district-scale exploration, that assumption stack is… tall. (Mining is a humbling hobby for optimists.)
Company fundamentals: why Panuco still drives the Vizsla Silver story
While there does not appear to be a new company press release dated within the last 48 hours, investors have been trading the stock against a set of recent, high-impact corporate updates that remain very “live” in the market’s mind.
Feasibility Study technical report filed (Dec. 9)
Vizsla announced it filed an NI 43-101 technical report and feasibility study for its 100%-owned Panuco silver-gold project. The company highlighted projected 17.4 million ounces AgEq of annual production over an initial 9.4-year mine life, with an after-tax NPV(5%) of about US$1.8B, 111% IRR, and a ~7-month payback under its stated price assumptions. [10]
Positive feasibility headline metrics (Nov. 12)
In its earlier feasibility announcement, Vizsla described Panuco as a high-margin underground project with low initial capex and rapid payback. COO Simon Cmrlec and CEO Michael Konnert emphasized confidence in the study work and the company’s intent to keep advancing exploration while pushing the project toward approvals and a construction decision. [11]
Strategic claims deal around Panuco (Dec. 18)
Vizsla also announced an agreement to acquire 10 claims totaling 2,378 hectares from a Fresnillo plc subsidiary along the Panuco–San Dimas corridor, including 1,734 hectares of “Strategic Claims” adjacent to Panuco. Consideration was described as US$2 million in cash plus US$4 million in Vizsla shares. CEO Michael Konnert said the acquisition adds “prospective ground” and could create new targets that may grow resources and potentially bolster economics in future studies. [12]
Taken together, these updates help explain why VZLA can react sharply when silver itself accelerates: the equity is being priced not only on “silver the commodity,” but also on how quickly Panuco can be permitted, financed, built, and ramped.
What investors should watch before the next session (Monday, Dec. 29)
Because the market is closed right now, the smartest “next-session checklist” is about what could shift positioning before the opening bell:
1) Silver’s Sunday-to-Monday tone (and liquidity risk)
If silver remains elevated (or keeps running) into the next trading day, high-sensitivity silver names often see follow-through interest. If silver cools quickly, the same leverage can work in reverse—especially in thin year-end liquidity. Reuters explicitly noted that thin markets can amplify price swings. [13]
2) A year-end tape where macro headlines still matter
Reuters’ “week ahead” preview emphasized that light holiday volumes can exaggerate moves and pointed to upcoming catalysts like Fed minutes that could influence rates, the dollar, and risk appetite. [14]
That matters for silver-linked equities because dollar and rate expectations can materially affect precious metals pricing and mining equity flows.
3) Analyst narratives and “anchoring” to $7 targets
With both Cantor Fitzgerald and Roth Capital sitting at $7 targets in recent notes, that level may act as a psychological reference point for traders and long-only investors alike. [15]
4) Watch for any follow-up filings or deal milestones
After a claims acquisition announcement and feasibility filings earlier this month, the market will look for incremental updates that reduce execution uncertainty—permitting steps, financing framework clarity, schedules, and exploration results that can support the “district-scale” upside case.
Holiday schedule: what the market calendar says next
As trading heads into the final week of the year, Investopedia noted that U.S. markets are expected to have a full trading day on New Year’s Eve (Wednesday, Dec. 31), while stock and bond markets will be closed on New Year’s Day (Thursday, Jan. 1, 2026) (with bonds closing early at 2 p.m. on Dec. 31). [16]
That schedule matters because it can compress liquidity and accelerate “position squaring” behavior—especially in volatile corners of the market like precious-metals equities.
Bottom line for Vizsla Silver stock this weekend
Vizsla Silver is entering Monday with a clean, narrative-driven setup: a stock that finished Friday strong, a commodity backdrop that’s making records, and fresh analyst coverage that reinforces the market’s focus on Panuco’s feasibility economics and the road to production.
The flip side is that year-end trading can be deceptively jumpy. In a thin tape, VZLA can move fast—sometimes for profound reasons (metal prices, financing milestones), and sometimes because liquidity is playing games with everyone’s emotions.
Investors returning on Monday will likely be watching one thing above all: whether silver’s record run stays sticky enough to keep capital rotating into high-beta silver developers like Vizsla—or whether the market decides to take profits into the last sessions of the year. [17]
References
1. finance.yahoo.com, 2. www.marketwatch.com, 3. www.reuters.com, 4. www.reuters.com, 5. www.reuters.com, 6. www.reuters.com, 7. www.tipranks.com, 8. www.investing.com, 9. www.tipranks.com, 10. vizslasilvercorp.com, 11. vizslasilvercorp.com, 12. vizslasilvercorp.com, 13. www.reuters.com, 14. www.reuters.com, 15. www.tipranks.com, 16. www.investopedia.com, 17. www.reuters.com
