Facts about the raw material silver
In ancient Athens, silver was the currency. Later, the main area of silver mining was in Spain and large quantities of the precious metal were delivered to the Roman Empire. Then Columbus discovered America and the silver came mainly from Peru, Mexico and Bolivia, later followed by Nevada and other areas in the USA. Silver was also discovered in Europe or Australia.
Today, there are still many silver companies in Mexico, such as Endeavour Silver and MAG Silver. Endeavour Silver - http://www.commodity-tv.net/c/search_adv/?v=299054 - has projects in Mexico (four producing mines) and Chile. At the Guanacevi mine in Durango, Mexico, very good drill results have just been received which have expanded silver-gold mineralization and will increase resources.
MAG Silver - http://www.commodity-tv.net/c/search_adv/?v=299118 - and its partner Fresnillo are working together on the approved Juanicipio project in Mexico. Silver production is expected to start in 2020. Juanicipio is located in Fresnillo Silver Trend, a world leading silver region. MAG Silver is also working on regaining access to the Cinco de Mayo (100 percent at MAG Silver) project.
World silver production declined for the third year in a row. In 2018 the total amount of silver was 855.7 million ounces. In 2018, primary silver mines produced seven percent less than in the previous year. In total, they accounted for 26 percent of total mine production. And a low silver price also resulted in a small amount of silver being recycled.
Demand for this silvery precious metal reached a three-year high in 2018. Particularly outstanding in 2018 was the demand for silver bars, which increased by 115 percent in India, for example, according to the Silver Institute.
Currently, the silver price is going up and the gold-silver ratio shows that silver is clearly undervalued, so time to think about an investment.
Current corporate information and press releases from Endeavour Silver (www.resource-capital.ch/en/companies/endeavour-silver-corp/) and MAG Silver (https://www.resource-capital.ch/en/companies/mag-silver-corp/).
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