Investors are positive for silver
Many investors last year were looking for a safe haven, including silver. A positive future for silver is also predicted for 2020
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Global economic and political uncertainties and squabbles brought the silver price gains. One of the big silver consumers is India. The recovery in demand, which began in 2017, continued in 2019 and should continue in 2020. On the supply side, the oversupply of silver is clearly dwindling, with mine production expected to continue to decline.
The use of silver in industry, which accounts for about 55 percent of the total amount of silver, is at a record high. Especially the automotive sector is increasingly demanding the precious metal, as is the photovoltaic sector. However, the areas of coins and bars, as well as the silver jewellery and silverware segments, are decisive for the increasing demand for silver.
The threat of new monetary policy easing should continue to generate brisk demand from the investment community and make silver an attractive investment. For example, Commerzbank experts are positive about the further price development of gold and silver. Even though silver is still far from its all-time high of a good $ 50 an ounce.
Since silver is still very cheap compared to gold, it is worthwhile to take a look at silver companies such as Discovery Metals or MAG Silver.
Discovery Metals is developing one of the largest silver projects in the world, the Codero Project in Mexico, which is ready for a pre-feasibility study - https://www.commodity-tv.com/play/discovery-metals-well-financed-for-development-further-exploration-at-cordero/. The Company also owns the Coahuila project, a high-grade silver-zinc-lead project, also in Mexico, as well as other projects in Mexico.
MAG Silver holds 44 percent of the Juanicipio Silver Project in Mexico - https://www.commodity-tv.com/play/zuri-invest-gala-dinner-panel-discussion-with-mag-silver-gatling-exploration/. Together with its partner Fresnillo (56 percent), production is expected to start this year. High-grade silver, gold, lead and zinc deposits are found here.
Latest corporate news and press releases from Discovery Metals (https://www.resource-capital.ch/en/companies/discovery-metals-corp/) and MAG Silver (https://www.resource-capital.ch/en/companies/mag-silver-corp/).
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