Silver frees itself from the shadow of gold
Alongside gold, silver also reached a high in the summer of 2020. There is still room to reach the record price of 47 U.S. dollars per troy ounce of silver.
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At the beginning of 2020, an ounce of silver cost around 18 US dollars. After falling to just over 12 US dollars in March 2020, the price started to rise again. The silver price then reached a high of more than 28 US dollars per ounce in August. Today it is just below that. But the pandemic is on the retreat, easing and reopenings in many places are creating buying appetite, because the pent-up demand is great. For example, private savings in the USA have risen by a total of more than one trillion US dollars. Jewelry and high-end household products are being bought again.
Silver has also come back into focus in the disinfection pandemic. Unlike alcohol-based disinfectants, bacteria killed by silver do not consume the silver. The silver mass remains, thus providing a durable mechanism. Another significant market is the global market for silver nanowires. Silver has unique chemical and physical properties. No metal conducts heat and electricity as well as silver.
The fact that the silver price sometimes fluctuates strongly should not unsettle investors. Those who got on the silver bandwagon at the right time were able to earn good money. And silver was not only once a means of payment similar to gold, but it is also a sought-after industrial metal, especially for promising technologies. So, in the now recovering economy, silver should shine and please investors as well.
That's where Kuya Silver - https://www.youtube.com/watch?v=eFWMIaf1BsM - is worth a look. The company is bringing the formerly producing Bethania mine in Peru back to life. In Ontario, Kuya Silver is taking care of historic silver mines.
In Nevada, Summa Silver is drilling the Belmont silver mine and has a second silver project in its portfolio in New Mexico.
Latest corporate information and press releases from Kuya Silver (https://www.resource-capital.ch/en/companies/kuya-silver-corp/) and Summa Silver (https://www.resource-capital.ch/en/companies/summa-silver-corp/) .
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