Don't forget the silver market
Normally the price of silver rises rapidly between the beginning of January and the end of February. During this period, yields over the past 33 years have been around 61 percent. This is due to the fact that silver is an industrial metal. The main price driver is industrial demand, and the industry is likely to place orders mainly at the beginning of the year.
Silver investments are also supported by the fact that it is currently very cheap compared to gold. You can get more than 80 ounces of silver for an ounce of gold. This puts the gold-silver ratio at an extreme level. The long-term average is between 65 and 67, and a high gold-silver ratio has often led to an increase in the price of silver in the past.
And in the course of history, not only gold has proven itself as a hedge against crises, but also often the so-called little brother, silver. Last year, by the way, global silver production fell by around 2.7 percent. Mexico is still the leading country in silver production.
Situated there are Endeavour Silver and MAG Silver. Endeavour Silver produces successfully in its three silver-gold mines (Guanacevi, Bolanitos, El Cubo) in Mexico - https://www.commodity-tv.net/c/search_adv/?v=298727. The fourth mine, El Compas, is being commissioned and a fifth project (Terronera) is being developed. Nearly 1.5 million ounces of silver and nearly 13,000 ounces of gold were mined in the third quarter.
MAG Silver - https://www.commodity-tv.net/c/search_adv/?v=298561 - is also active in Mexico. The Juanicipio silver project, partnered by Fresnillo, is to start production in mid-2020. Around 200 million ounces of silver are to be mined.
Current corporate information and press releases from Endeavour Silver (https://www.resource-capital.ch/en/companies/endeavour-silver-corp.html) and MAG Silver (https://www.resource-capital.ch/en/companies/mag-silver-corp.html).
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