Silver - an indispensable raw material
Silver has been known and used by people for about 7000 years. Initially, silver was used for jewelry and for the production of vessels. This could also be found in the excavations of Schliemann in Troy or in the tomb of the Pharaoh Tutankhamen.
Silver mining began around 3000 BC. Later, silver was used as a means of payment in the form of coins. In Europe, silver mining did not start until the Middle Ages. Silver impresses with its thermal and electrical conductivity, which is superior to all other metals. It is also one of the most reflective materials. Silver is very soft, so it can be worked into thin foils. Silver is indispensable in many areas of industry. Besides its use as a biocide, silver is also interesting for investors. Often somewhat stepmotherly called the little brother of gold, silver is today more than ever in the focus of investors.
Silver is usually mined in combination with gold, copper or lead. The world's silver reserves are not infinite, and demand is growing at the same time. Therefore, recycling is also important. And if the forecasts of many analysts prove to be true, then investments in silver companies should be under a good star right now.
Among the silver companies, MAG Silver - https://www.youtube.com/watch?v=kycnXhwfM68 - is a good choice. Its 44 percent stake in the Juanicipio silver property in Mexico is particularly encouraging. In 2020, Juanicipio produced a total of 623,000 ounces of silver, 1,053 ounces of gold, and lead and zinc. However, due to Corona, production did not run at full capacity for the year. Great mining figures can be expected in the next few years.
In Peru, another prospective company, Tier One Silver, is focusing on the Huilacollo and Curibaya projects, with a drilling program soon to start on the latter. High-grade silver and gold samples have already been taken. In addition, there are two other projects in Peru.
Current corporate information and press releases from MAG Silver (https://www.resource-capital.ch/en/companies/mag-silver-corp/) and Tier One Silver (https://www.resource-capital.ch/en/companies/tier-one-silver-inc/).
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