Silver, especially popular in China
Silver prices in Shanghai went up and also drove the prices of stocks and funds. The price on the Shanghai Futures Exchange, for example, went up 9.27 percent. Spot prices on the Shanghai Gold Exchange hit a four-month high, up 9.4 percent.
Silver, often called the poor man's gold, is more favorable for investors. The rise in the price of silver now currently has little to do with fundamentals. Nevertheless, it seems that the market rally is still going on. But at some point, prices will fall again and private investors, responsible for the strong price increase, will hurt each other.
It makes more sense to focus on the true value of the metal in the long term by investing in silver. Fundamentally, the demand for silver is supported by the photovoltaic and electromobility sectors as well as by investor interest in silver bars and coins. Silver is a tangible asset and so its value also depends on the fundamentals and thus ultimately on supply and demand.
In order to benefit from a longer-term trend in silver demand, part of the investment assets can be invested in silver stocks, which can score with good projects in safe areas and an experienced management.
These include MAG Silver or Kuya Silver.
MAG Silver - https://www.youtube.com/watch?v=TdisDWJSUdI - was able to enjoy a share of 101,000 ounces of silver and 195 ounces of gold in the fourth quarter of 2020 at its main project, the Juanicipio silver project in Mexico (where MAG Silver holds a 44 percent share).
Kuya Silver - https://www.youtube.com/watch?v=e6wWsQNRwRo - wants to bring the formerly producing Bethania silver mine in Peru back to life. Silver, zinc and lead used to be produced there.
Current corporate information and press releases from MAG Silver (https://www.resource-capital.ch/en/companies/mag-silver-corp/) and Kuya Silver (https://www.resource-capital.ch/en/companies/kuya-silver-corp/).
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