India drives silver demand
Narendra Modi wants to support agriculture in particular. Income levels there are expected to rise. In addition, the previous and probably other heads of government have made "Make in India" their motto. Modi wants to keep more added value in the country. This, too, would raise the income level of the population.
Since India is known as a country with inhabitants who like to use gold as a gift and hedge, a higher level of income should also drive demand for precious metals. As the government has recently been sceptical about gold demand, especially as imports have weakened the current account balance, silver has recently become increasingly popular among the Indian population. In 2018 the Indians bought 6,442 tons of silver, for 2019 6,590 tons of silver are expected. Economic growth, higher incomes and relatively low silver prices are expected to ensure a further rise in silver demand.
Endeavour Silver - https://www.commodity-tv.net/c/search_adv/?v=299054 - is already one of the successful silver producers. A total of 1.9 million ounces of silver equivalent (1,071,355 ounces of silver, 10,055 ounces of gold) were produced at the four Mexican mines during the first quarter of 2019. Further projects in Mexico and Chile are on the company's umbrella.
MAG Silver - https://www.commodity-tv.net/c/search_adv/?v=299118 - and its partner Fresnillo are working together on the production start of the Juanicipio project in Mexico. From 2020, the mine is expected to produce an average of 11.7 million ounces of silver and 43,500 ounces of gold annually. The life of the mine is estimated to be initially twelve years with significant exploration opportunities in the license area and the potential for future expansion of mining operations.
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 German version of these messages applies.
Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/