How the silver price will perform
After the silver price slumped to a new low below $13.50 an ounce in the spring due to corona, a new bull market started. At the beginning of the third quarter, the price rose sharply and was then able to record a 61% increase by mid-August. A seven-year high of a good $ 29 was reached. Today, the ounce costs just under $ 25.
When the precious metal will end up at $ 30 an ounce is an open question, as there are various possibilities. Investors should observe the market closely and remain flexible. There is an uncertainty in the market, but many experts assume that gold and also silver prices will continue to rise. Because the safe haven silver will continue to attract investors in view of the current uncertain situation.
These include analysts from Goldman Sachs, for example, who believe that 30 US dollars is a possibility soon. The reason given is the expected expansion of the solar industry. Above all, if Joe Biden wins the presidential elections in the USA, renewable energies would be increasingly expanded. The experts of the Silver Institute also consider the 30 US dollars and a gold-silver ratio of 70 to be possible. Monetary policy loosening and economic stimulus programs are causing inflation worries.
The Investing News Network counts MAG Silver as among the top five silver stocks. The company is driving the Juanicipio project in Mexico together with its partner Fresnillo and owns 44 percent of it. The first nearly 43,000 tons of material were just processed and resulted in the production of 394,000 ounces of silver, 610 ounces of gold, and lead and zinc - a milestone for the Juanicipio project.
Vizsla Resources is also active in the silver (and gold) sector. The Panuco gold-silver mine in Mexico will also soon reach production status and is consistently scoring very good drill results.
Current company information and press releases from Vizsla Resources (https://www.resource-capital.ch/en/companies/vizsla-resources-corp/) and MAG Silver (https://www.resource-capital.ch/en/companies/mag-silver-corp/).
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