Earn with silver investments
According to the Silver Institute, in the first six months of 2020, investments in bars and coins have increased significantly. Silver ETF holdings in the first half of the year have increased to 925 million ounces of silver, an all-time high. Global investment demand has risen by around ten percent. Supply is expected to decline by around seven percent in 2020.
The price drivers for silver are the same as for gold: the rising debt of many countries, increasing investment interest and a weakening US dollar. The various states have spent huge sums of money due to the Corona pandemic. In the USA alone, this adds up to around ten trillion US dollars, created by quantitative easing. The money was created by the FED. The debt is now an enormous 27 trillion US dollars.
In this environment, money is becoming less and less valuable and precious metals like silver are becoming more and more valuable. About half of the silver goes to the industry every year and the demand here is constantly growing. On the one hand, the automotive industry is responsible for this, but also the renewable energy sector and, for example, the electronics industry. To be part of a rising silver price, an investment in solid silver companies would be a worth considering.
Here, Endeavour Silver or Summa Silver could be considered. With its three silver-gold mines in Mexico, Endeavour has been an established producer for years. A feasibility study has just been commissioned for a fourth project.
Summa Silver is exploring the historic Belmont Mine in Nevada and has recently discovered up to 1,870 grams of silver and up to 5.53 grams of gold in drilling. The Belmont Mine is a high grade, formerly producing mine.
The latest company information and press releases from Endeavour Silver ( https://www.resource-capital.ch/en/companies/endeavour-silver-corp/) and Summa Silver ( https://www.resource-capital.ch/en/companies/summa-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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