Silver in an intact upward trend

Chart technicians are delighted that the silver price has broken the record prices of 2020 and 2021 at around USD 30 per troy ounce. And they see this as proof of a positive long-term trend. By the way, if you like silver dollar coins and are in Montana, you should visit the 50,000 Silver Dollar Bar near Haugan in Montana. The bar has been around since 1952 and is an attraction today in that it contains a breathtaking collection of silver dollar coins. Visitors have donated these coins and so today they are embedded in almost every surface, giving the place a fascinating, glittering atmosphere. The donor's name and home town are always engraved next to the silver dollars.

Silver and its big brother gold can protect and increase wealth. At the same time, fiat money systems are often heading for disaster and currencies are losing value. Economic stimulus programs and rising government debt cause new currency levels and so every currency has lost value over time. Silver in particular is likely to continue to increase in value due to rising demand from the green energy sector and modern technologies. The growing photovoltaic sector is devouring the precious metal at an increasing rate. There is even the threat of a silver supply shortage. Investors can find security in precious metals such as gold and silver, as well as in the stocks of mining companies that extract the sought-after precious metals from the ground. These include MAG Silver and Endeavour Silver. 

MAG Silver - https://www.commodity-tv.com/ondemand/companies/profil/mag-silver-corp/ - has an interest in the Juanicipio silver mine in Mexico (44 percent, Fresnillo 56 percent). The processing rates and exceptional ore grades speak for themselves. 

Endeavour Silver - https://www.commodity-tv.com/ondemand/companies/profil/endeavour-silver-corp/ - is a successful mid-tier silver producer with silver projects in Mexico, Nevada and Chile. 

Current company information and press releases from MAG Silver (https://www.resource-capital.ch/en/companies/mag-silver-corp/ ) and Endeavour Silver (https://www.resource-capital.ch/en/companies/endeavour-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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