Silver can rise extremely in price.
Although the price of the precious metal then fell again by around 23 percent, silver should also rise again in the wake of gold. And perhaps even more so than for its big brother, gold. This is because the market for silver is tighter and industrial demand is picking up much faster. Silver therefore shines with relative strength compared to gold. This also leads to the greater volatility inherent in silver. Currently, a troy ounce of gold costs about 73 times more than a troy ounce of silver. If you look at the gold-silver ratio, it is 65 over the long term.
In the industrial sector, one of the great advantages of silver is that, firstly, it is being used in more and more applications and, secondly, booming "green" - i.e. climate-friendly - sectors in particular need silver. It is precisely this industrial use that investors value in silver.
And the industrial side of silver is probably precisely why outflows from ETFs were greater in gold than in silver late last year due to the Corona vaccine news. An expected silver surplus is likely to be soaked up by the investment community. Commerzbank just recommended physical silver via ETC for purchase.
Therefore, a look at promising silver companies should not be missing. Endeavour Silver - https://www.youtube.com/watch?v=hp1PbZZI-ho, for example, owns three producing mines in Mexico. In 2020, a good 3.5 million ounces of silver and more than 37,000 ounces of gold were produced.
Kuya Silver - https://www.youtube.com/watch?v=e6wWsQNRwRo - operates the previously producing Bethania silver mine in Peru. This still holds great potential, is unexplored to depth and to the east, as CEO, founder and director David M. Stein recently announced in an online roadshow.
Latest corporate information and press releases from Endeavour Silver (https://www.resource-capital.ch/en/companies/endeavour-silver-corp/) and Kuya Silver (https://www.resource-capital.ch/en/companies/kuya-silver-corp/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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