Realizing the true potential of silver
Silver, experts say, has reached a turning point compared to other assets. This is shown by the global stock markets and also the U.S. money supply. While countries continue to print money, investors are increasingly turning to gold and also increasingly to silver. This is because the value storage function of the precious metals is enticing.
An increase in industrial demand is expected. This is because the economy is about to reopen and the focus on renewable energies and the demand for photovoltaic modules will increase. This is how the World Bank sees it. The automotive industry also needs more and more silver for electric vehicles. Moreover, silver is an effective agent for disinfection and medical purposes. Demand should also rise again for jewelry and silverware.
Real interest rates will remain at a low level for some time to come, as central banks are already saying. And government debt will continue to be financed by the central banks, which in turn will further devalue the currencies. Precious metals as assets will benefit.
If one then adds the reduced mine supply in 2020 and probably also in 2021, which the Silver Institute assumes, then companies with silver such as MAG Silver or Summa Silver should have the best prospects for the future.
MAG Silver - https://www.youtube.com/watch?v=kycnXhwfM68 - has a 44 percent interest in the producing Juanicipio project in Mexico, with the remainder owned by Fresnillo. The fourth quarter of 2020 brought MAG Silver 101,000 ounces of silver and 195 ounces of gold.
Summa Silver - https://www.youtube.com/watch?v=7SP1_IgXkhk, best funded, is taking care of two high-grade development projects, the Hughes project in Nevada and the Mogollon property in New Mexico.
Current corporate information and press releases from MAG Silver (https://www.resource-capital.ch/en/companies/mag-silver-corp/) and Summa Silver (https://www.resource-capital.ch/en/companies/summa-silver-corp/).
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