Silver - favorably missed?
In 2011, silver had reached its highest price of almost USD 40. At the same time, the price of gold was USD 1,920. Now the gold price is quoted at around USD 2,000, while the ounce of silver now costs just under USD 28. So there should still be a lot in it in terms of price. At the moment silver seems to be in greater demand than gold. With the rise in silver, a feat has been accomplished after years of sideways movement.
The consolidation in gold and silver did not last long. Silver immediately started to catch up with its big brother. Companies with silver projects still have catch-up potential and should grow disproportionately, so they offer an opportunity that must be seized. Both gold and silver are regarded as protective instruments against inflation. And that is just what is feared.
The market for silver is tighter than for gold. Silver also depends on the economic development. If there is positive news regarding the economic situation, the silver price usually reacts with markups. Recently the price of silver reached its highest level in seven years with a price of 29.43 US dollars. So it is time to enter silver stocks, for example MAG Silver or Endeavour Silver.
Endeavour Silver - https://www.commodity-tv.com/ondemand/companies/profil/endeavour-silver-corp/ - generated $20.2 million in revenues from its three Mexican mines in the second quarter of 2020. This was achieved through the sale of more than 634,000 ounces of silver and a good 5,200 ounces of gold.
MAG Silver - https://www.commodity-tv.com/play/silver-price-analysis-outbreak-close-and-benefiting-silver-companies/ - owns 44 percent of the Juanicipio silver project in the Fresnillo Silver Trend in Mexico. The infrastructure is currently being developed above and below ground. The project is therefore well advanced.
The latest company information and press releases from Endeavour Silver (https://www.resource-capital.ch/de/unternehmen/endeavour-silver-corp/ ) and MAG Silver (https://www.resource-capital.ch/de/unternehmen/mag-silver-corp/ ).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the companies addressed in each case and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.
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