Mexicans hoard silver
Silver companies with good projects also benefit. Libertad silver coins are in great demand in Mexico. The coins should run out before the end of the year. Because the desire of the public to buy these coins, which are available in various weights in 99.9 percent silver, exceeds by far the willingness to part with these coins. Silver does not only function in the form of coins and bars as a means to store assets.
Silver is a special precious metal due to its dual function. With the best conductivity of all metals, silver is indispensable in electronics. Silver is therefore a safe haven like gold, but at the same time a metal in high demand in industry. Just think of the photovoltaic industry.
Although the Biontech Corona vaccine announcement has pushed down the price of gold and silver, the use of silver in the industry will ensure continued strong demand. Silver is one of the metals that also stands for future technologies. Hydrogen, wind energy and electric cars need the precious metal as much as photovoltaic technology.
Especially in the USA, the newly elected president Joe Biden wants to focus on clean energy and could thus further fuel the demand for silver. Silver companies will profit from this, because they provide for supplies.
Summa Silver - - https://www.youtube.com/watch?v=5Ez-srrqLbA - owns the Belmont Silver Project in Nevada in the famous Tonopah district. In New Mexico, the Mogollon Project, a historic silver and gold property, is added to this list.
Kuya Silver has acquired the Bethania property in central Peru and plans to revitalize it, resuming operations in 2021. Until 2016 the mine produced silver, lead and zinc. Kuya Silver plans to expand the mine.
Current company information and press releases from Summa Silver (www.resource-capital.ch/en/companies/summa-silver-corp/).
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