Silver as diversification for the portfolio
Investors who want to strengthen their portfolios should consider investing in silver.
Like gold, silver serves as a safe haven. As an industrial metal, gold's little brother provides growth potential, risk mitigation and stability. This is a particular advantage when financial or geopolitical crises occur. Just like gold, silver can counteract inflation and currency devaluation. Today, demand for silver is increasing in the automotive industry, renewable energies and the electronics sector. A vehicle with an internal combustion engine contains between 0.5 and 0.9 grams of silver. Hybrid or electric cars contain many times more silver. The global transition to renewable energies and increasing electrification will also lead to rising demand for silver, which will continue in the future. Industrial demand for the precious metal is likely to reach a new record this year. Demand is expected to reach 1.2 billion ounces. At the same time, the supply will be around one billion ounces. A growing deficit would therefore be inevitable. A super cycle could therefore be on the cards for silver, as many more technological innovations will emerge. Chart technicians currently see an opportunity for the silver price to resume its long-term upward trend after breaking above the USD dollar 31.53 per ounce mark. Closing the gap between supply and demand is not easy. New mining projects take a long time. And the imbalance between demand and supply could manifest itself for a long time. Silver projects that overcome the challenges, for example in terms of environmental conditions, and are located in favorable mining regions should have an advantage.
Discovery Silver - https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ - owns the excellent Codero project, which has a reserve of approximately 302 million ounces of silver. It is one of the largest silver development projects in the world.
Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - is active in Mexico. The promising Panuco gold-silver project is located there. Annual production of more than 15 million ounces of silver equivalent is expected.
Current company information and press releases from Vizsla Silver (https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ ) and Discovery Silver (https://www.resource-capital.ch/en/companies/discovery-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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