Bet on precious metals
Safe investments, you don't have to look far for gold and silver. No wonder gold ETFs are at a record high, worldwide. That's because interest is growing worldwide - and it's been around for millennials. According to a survey, 61 percent of Germans say the need for security has increased as a result of the Corona crisis.
This security is achieved through precious metals. Thus, not only for gold, but also for silver, the inflows into the ETFs are very strong. Just recently, the second strongest inflow since 2016 was reported. Silver is an important industrial metal used in the automotive and photovoltaic industries. Incidentally, there is significantly more silver in electric and hybrid cars than in conventional vehicles. Sustainable demand and an associated upward trend seem to be in the cards. With the election of the new U.S. president, the fight against emissions in the U.S. will also gobble up silver.
Currently, the silver price is trending sideways. Before it rises and with it the silver stocks, solid silver stocks should be on the screen.
Summa Silver - https://www.youtube.com/watch?v=tj26XjWf0gA, while still a relatively young company, owns two prospective properties, the Belmont Silver Project (Nevada) and the Mogollon Project (New Mexico). Significant drilling programs are scheduled for this year.
MAG Silver - https://www.youtube.com/watch?v=DlnD7JKD_n8 - is on the move in terms of silver in North and South America. Among the high-grade projects, the Juanicipio silver project in Mexico stands out in particular. The partner is Fresnillo. The first underground production was made in the third quarter of 2020.
Current corporate information and press releases from Summa Silver (https://www.resource-capital.ch/en/companies/summa-silver-corp/) and MAG Silver (https://www.resource-capital.ch/en/companies/mag-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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