Clean water thanks to silver
Researchers are busy working on silver applications. For example, silver used in shower fittings has a water disinfecting effect. Many facilities have water filter systems based on silver. Especially after the closure of large buildings due to the corona pandemic, there is a growing fear that bacteria will settle and multiply in water pipes. Many people are certainly aware of the legionnaires' disease, which can be found in the pipes, especially in older buildings. If no water runs through the pipes for a long time, the water quality can suffer.
Silver atoms can be used to create a catalyst that removes toxic chemicals. About half of the silver goes into industry today. In 2019, the total demand for silver was around 31,000 tons. Of course, the price of silver had to leave feathers in the Corona pandemic, but it has recovered very well. Because the demand from investors has risen sharply.
Many investors like to look at the gold:silver ratio. It is currently a good 72, so to buy a troy ounce of gold, you currently need a good 72 ounces of silver. In March, the gold-silver ratio set a new record at 123. If the value is above 80, silver is cheap compared to gold. If the value is below 40, silver is expensive. So, an investment in silver is currently interesting. Because with the gold price many experts still see a clear upward trend and the silver price is usually pulled up by the gold price. With silver shares can be acquired again a lever on the silver price. For this an investor should look at strong silver companies such as Endeavour Silver or Summa Silver.
Summa Silver is exploring the historic Belmont Mine in Nevada: https://www.commodity-tv.com/play/mining-newsflash-with-tarachi-gold-isoenergy-summa-silver-and-trillium-gold/. It was once one of the most productive silver mines in the USA. Summa Silver is currently acquiring a 100% interest in a property in New Mexico.
Endeavour Silver - https://www.commodity-tv.com/play/mining-newsflash-with-trillium-gold-and-endeavour-silver/ - owns three producing silver mines in the silver country of Mexico and sold 634,000 ounces of silver and approximately 5,200 ounces of gold in the second quarter of 2020 - a rich income.
Current company information and press releases from Summa Silver (https://www.resource-capital.ch/en/companies/summa-silver-corp/) and Endeavour Silver (https://www.resource-capital.ch/en/companies/endeavour-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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