Silver, also in the new year an investment opportunity
Particularly in the USA the citizens in the current year gladly seize silver coins and bars. The increase compared to the previous year is expected to be around 62 percent. In the second largest silver market, India, on the other hand, demand is expected to fall by around 20 percent in 2020 as a whole. This year the demand for exchange traded silver products, the ETPs, was particularly strong. These global holdings exceeded one billion ounces of silver for the first time, thus reaching a record high.
The much-observed gold-silver ratio also changed significantly during the year. While it was at a record high of 127:1 in March, it currently stands at around 77:1. The analyst firm Metals Focus expects an average silver price of $20.60 an ounce in 2020, the highest annual average since 2013. On the production side, silver production for the full year was down approximately 6.3% due to lower silver production from China, Mexico and Peru. Most mines are now producing again as before the pandemic.
Even though the demand for silver in the industry has dropped by an estimated nine percent, demand from the photovoltaic sector is still very high. The forecasted surplus in the silver market, the experts assume, will be absorbed by the strong global investments.
If you want to invest in silver and silver companies, you should take a look at Kuya Silver or Vizsla Resources. Kuya Silver - https://www.youtube.com/watch?v=-3Ho4RwFfzU&t=3s - is looking to revive the Bethania property in central Peru. Silver, lead and zinc were recovered from the ground there by 2016. The project consists of four concessions, covering 1,750 hectares.
Vizsla Resources - https://www.youtube.com/watch?v=Edq1O2-WwU8&t=3s - operates in Mexico at its Panuco silver-gold mine. Production start is nearing on the nearly 10,000-hectare property.
Current company information and press releases from Kuya Silver (https://www.resource-capital.ch/en/companies/kuya-silver-corp/ ) and Vizsla Resources (https://www.resource-capital.ch/en/companies/vizsla-resources-corp/ ).
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