Industrial demand for silver is increasing, while at the same time silver inventories are declining.
The solar industry in particular is driving demand for silver. Many agree that the price of silver should be higher. The problem is investor demand. The interest of private investors is not sufficient. However, if the number of investors who are again turning more to silver increases, then the silver price should be able to reach the US$20 per ounce mark again. Price increases, such as we are all experiencing now, are usually conducive to silver and gold price increases. Silver is about half an industrial metal, so it is not as well suited as gold as an inflationary antidote. On the other hand, silver coins can serve as an emergency currency. When the digital euro arrives, skeptics will certainly be happy to bet on silver. Even at the beginning of the pandemic, silver coins and bars were selling like hot cakes. When using silver in industry, it should also be noted that silver, once processed into alloys or cables, cannot be recycled. It is consumed.
The fact that the USA is significantly less affected by high energy prices than Europe provides hope for the silver price. Should the USA, also in view of the immense national debt, end the interest rate cycle soon, then the US dollar should lose strength – good for silver and gold. After all, the national debt exceeds the economic output. Approximately $32 trillion, that’s how high the U.S. national debt will be in 2022. Since silver is in short supply, both physically and in terms of stocks, silver stocks should be in focus now.
There’s Summa Silver – https://www.youtube.com/watch?v=2i-e-fH8jZM – with its interests in the Hughes property (100 percent) in Nevada and an option on the Mogollon property (100 percent) in New Mexico. Both properties used to produce very successfully.
Discovery Silver – https://www.youtube.com/watch?v=2i-e-fH8jZM – also has a prospective silver project, the Codero Silver Project in Mexico. A positive PEA is available.
Current corporate information and press releases from Summa Silver (- https://www.resource-capital.ch/en/companies/summa-silver-corp/ -) and Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-corp/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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