Gamblers on the stock exchange
That's when young investors recently conspired to buy shares in GameStop via the social media channel Reddit. This was intended to hurt hedge funds that had gone short. Then the term "silversqueeze" was heard now. This refers to the collective pushing of the silver price.
What is important, however, is what the medium- to long-term fundamentals look like. And when it comes to silver, many experts, banks and analysts seem to agree: There is still great price potential here. After all, about half of silver is processed in industry. And sustained, indeed growing, demand is likely to come primarily from the photovoltaic industry and the automotive sector. Electric cars and hybrid vehicles consume a lot of silver in production. Silver is also used in smartphones and in 5G-enabled devices. Add to that the new US president's ambitious climate plans to reduce emissions.
Thus, one should not be unsettled by short-term fluctuations in the price of the precious metal. Because betting on gold's little brother should pay off. And silver speculation was already made by the Hunt brothers at the end of the 1970s and also by Warren Buffet at the end of the 1990s.
Crucial is the demand from the industry and the increased investor interest, both of which can strengthen the price of silver. So why not bet with leverage on silver companies like Endeavour Silver or Kuya Silver.
Endeavour Silver - https://www.youtube.com/watch?v=hp1PbZZI-ho, as a producer, not only operates three mines in Mexico, but is working on a resolution for what will be the fourth mine, Terronera.
Kuya Silver - https://www.youtube.com/watch?v=e6wWsQNRwRo - is working full steam ahead on the formerly producing Bethania silver mine (formerly silver, zinc and lead) in Peru. In various directions still open, is great potential.
Latest corporate information and press releases from Endeavour Silver (https://www.resource-capital.ch/en/companies/endeavour-silver-corp/) and Kuya Silver (https://www.resource-capital.ch/en/companies/kuya-silver-corp/).
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