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Silver heads for 30 US dollars per troy ounce

For the third time, the silver price is moving towards 30 US dollars. There was the high at the end of February.

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Silver fans are eagerly waiting to see when the price of the precious metal will break out to the upside. Since the end of March, it has gained almost 20 percent, rising more than the price of gold. Silver, which is about half an industrial metal, has followed the price increase of the industrial metals. Positive for the further development of the silver price is Metals Focus and also the Silver Institute. They expect record demand this year of 524 million ounces. Climate-friendly technologies, the automotive industry, which is picking up again, and the important photovoltaic sector are responsible for this. Billions of dollars of investment are flowing into the latter, creating demand for silver. A shift to electromobility is also a driver for more silver demand.

China's strong silver imports also show that silver is in high demand. These are as high as they were three years ago, as shown by the first four months of 2021. Whether jewelry or silverware, bars or coins, the experts expect growth and have high hopes for silver. For example, the experts at Commerzbank see a silver price of 30 U.S. dollars per ounce by the end of the year and prices quoted above that next year. The price is still far below the all-time high, so there is still potential in the silver price.

There is also still great potential in some silver companies, such as Ridgeline Minerals - https://www.youtube.com/watch?v=SDxo568Ayts. The company's portfolio includes four promising silver and gold properties in Nevada. At the Selena project, drilling just found 123.2 grams of silver per ton of rock. 
Summa Silver - https://www.youtube.com/watch?v=ug3uoh8GQfk - is also active in Nevada, where it has the Hughes property, which hosts the formerly producing Belmont mine. In addition, in New Mexico, there is the Mogollon property.

Current corporate information and press releases from Summa Silver ( https://www.resource-capital.ch/en/companies/summa-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.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also 
applies: https://www.resource-capital.ch/en/disclaimer/ 

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