Silver price shows stability
(PresseBox) - Silver is not only an industrial metal, but also a stable value investment, similar to gold.
Industrial metals, including silver, are the most consumed by China. Thus, the development of Chinese silver demand is of great importance. Today, the reason for rising metal prices is due to the fact that they are needed for the desired decarbonization. Looking ahead, virtually all sectors of silver demand should make gains. Silver in particular could prove to be extremely attractive for investors.
Last year, demand for silver coins and bars rose by a total of eight percent, as safe havens were particularly in demand in the Corona year. And the pandemic is still ongoing; mutations, perhaps even new lockdowns, cannot be safely ruled out. Thus, more than a year after the worst pandemic since the Spanish flu, uncertainties prevail. Silver and gold as safe havens and value preservers will always retain their impact, history teaches us that. Thus, the majority of silver experts also expect demand for physical silver to remain strong from both retail and institutional investors. Inflation concerns and low interest rates will remain for quite some time and will continue to lend the safe haven of precious metals appeal for a long time to come.
Rising silver demand also boosts silver companies like Summa Silver or Discovery Silver.
Summa Silver - https://www.youtube.com/watch?v=J7D66TMU1kk - can acquire a 100 percent stake in the Hughes project in Nevada and in the Mogollon project in New Mexico, where drilling has just started.
Discovery Silver - https://www.youtube.com/watch?v=yPte8DInq4I - owns the flagship Cordero project in Mexico, among others. According to an updated mineral resource estimate, it has a measured and indicated resource of 910 million silver equivalent ounces.
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.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
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Datum: 28.10.2021 - 03:36 Uhr
Sprache: Deutsch
News-ID 649822
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