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Silver market develops positively

As the Silver Institute points out in its latest report, 2018 was marked by several positive developments in the silver sector

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Particularly positive: In 2018, global demand for silver rose for the first time since 2015, to 1.03 billion ounces of silver. That was four percent more, after all. In the coins and bars category, the increase in demand was around 20 percent. Silver bars in particular were sold over the counter, especially in India. India has also made strong gains in silver jewellery, buying 16 percent more, which represents a new record level.

More than half of the silver still goes to industry, often in new technologies. Only as an example we can mention revolutionary paints that ensure bacteria-free walls, thanks to the silver ion technology.

The price of silver in 2018 was between 13.97 and 15.71 US dollars per ounce. Influencing factors were a rising US dollar, interest rate hikes and negative forecasts for global economic growth from the International Monetary Fund.

At the same time, the global mine supply decreased for the third consecutive year in 2018, as did the supply of silver scrap. Both fell by two percent each.

Silver thus recorded a total deficit of 29.2 million ounces in 2018. At the primary silver mines, which account for 26 percent of total mine supply, silver output decreased by approximately seven percent. But there are still silver companies that supply the valuable precious metal continuously, such as Endeavour Silver or soon: MAG Silver.

Endeavour Silver - http://www.commodity-tv.net/c/search_adv/?v=299054 - has been producing successfully for years. The four Mexican mines returned approximately 1.9 million ounces of silver equivalent in the first quarter of 2019. Although the first quarter of 2018 has seen a decline compared to the first quarter, as CEO Bradford Cooke points out, Endeavour Silver has already mastered similar challenges in 2008 and 2013.

MAG Silver - http://www.commodity-tv.net/c/search_adv/?v=299118 - is expected to start silver production next year together with its partner Fresnillo on the Juanicipio project in Mexico. Construction has already begun.

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

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the German version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally 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. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/ 

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Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

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