Highlights in silver and silver coins
In 2018 the wreck was identified. Now some of the rarest US coins found there are back on the market. US coins from the first decade of the 19th century cost between 40,000 and 150,000 US dollars.
In the shipwreck, for example, 247 coins were found in one suitcase or 100 coins in another. A total of about 100 suitcases are expected. Now some coins are being sold to finance the salvage project. If you don't want to embark on an adventurous search for old silver coins, but would still like to bet on silver, you should take 2019.
There is much to suggest that the silver price will recover in the current year. The precious metals, above all gold and silver, are in demand. The one point that should provide for a rising silver price is the rising industrial demand, which is after all responsible for almost 60 percent of total demand. Brazing alloys and solders as well as electrical applications, especially in the automotive industry, demand more and more silver. Chemical areas, such as water purification, also use the effect of silver.
On the other hand, the photovoltaic industry is growing strongly in many countries - and also needs silver. Just as the jewellery industry is increasingly focusing on silver and responding to the taste of buyers. Silver companies like Endeavour Silver or MAG Silver become interesting.
Endeavour Silver - https://www.commodity-tv.net/c/search_adv/?v=298820 - is an established silver producer in Mexico. A fourth mine is about to start production and a fifth mine is under construction to bring it to production. Further exploration projects in Chile support Endeavour Silver's healthy growth philosophy.
MAG Silver - https://www.commodity-tv.net/c/search_adv/?v=298561, together with its partner Fresnillo, expects the Juanicipio Silver Project in Mexico to be ready for production in mid-2020. Work is proceeding according to plan, with the feasibility study already completed.
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).
In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.
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