High demand for silver
(PresseBox) - In 2021, demand for silver reached its highest level since 2015.
In the pandemic year 2020, global silver demand declined. But in 2021, it increased by around 19 percent to 1.05 billion ounces, according to the World Silver Survey. This was even more than before the pandemic. That leaves only about 40 percent of the silver, because about 60 percent of it is used in industry, for investment. In the case of gold, on the other hand, most of it is still there because it is processed as jewelry, poured into gold bars or stored for investment purposes. In 2021, silver demand was greater than supply at 997.2 million ounces. If recycling is excluded, the supply deficit is even larger (about 225 million deficit instead of just under 52 million ounces). The growing demand came for silver from industry, but bars and coins were also in high demand.
For the current year, silver production is expected to increase by around 2.5 percent compared to the previous year. The increase will come primarily from mines in Mexico and Chile. Recycling is also expected to provide more silver. On the demand side, on the other hand, it is particularly the solar industry and the automotive sector, as well as investors, that are ensuring rising demand for silver. Another new driver will be 5G technology. Here, the Silver Institute forecasts that demand will double by 2025, and by 2030, demand from this sector is even expected to see a 206 percent increase over today s demand. This also includes wiring, semiconductor chips, and devices and systems from the microelectromechanical sector. Silver is the business of Discovery Silver and of Vizsla Silver.
Discovery Silver - https://www.youtube.com/watch?v=MzLKx2HriOw&t=176s - is scoring with its immensely large Codero silver property in Mexico. Drilling is running at full speed and producing encouraging results.
Vizsla Silver - https://www.youtube.com/watch?v=KehewUd5rVg - owns the Panuco silver-gold project in Mexico. Production is not far off. In addition, there is the Blueberry project in British Columbia.
Corporate information and press releases from Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-corp/ -) and Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-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/
Unternehmensinformation / Kurzprofil:
Datum: 07.12.2022 - 05:35 Uhr
Sprache: Deutsch
News-ID 672425
Anzahl Zeichen: 0
contact information:
Contact person: Jörg Schulte
Town:
Herisau
Phone: +49 (2983) 974041
Kategorie:
Internet
Diese Pressemitteilung wurde bisher 118 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"High demand for silver"
steht unter der journalistisch-redaktionellen Verantwortung von
Swiss Resource Capital AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
