Silver price shows stability
Industrial metals, including silver, are the most consumed by China. Thus, the development of Chinese silver demand is of great importance. Today, the reason for rising metal prices is due to the fact that they are needed for the desired decarbonization. Looking ahead, virtually all sectors of silver demand should make gains. Silver in particular could prove to be extremely attractive for investors.
Last year, demand for silver coins and bars rose by a total of eight percent, as safe havens were particularly in demand in the Corona year. And the pandemic is still ongoing; mutations, perhaps even new lockdowns, cannot be safely ruled out. Thus, more than a year after the worst pandemic since the Spanish flu, uncertainties prevail. Silver and gold as safe havens and value preservers will always retain their impact, history teaches us that. Thus, the majority of silver experts also expect demand for physical silver to remain strong from both retail and institutional investors. Inflation concerns and low interest rates will remain for quite some time and will continue to lend the safe haven of precious metals appeal for a long time to come.
Rising silver demand also boosts silver companies like Summa Silver or Discovery Silver.
Summa Silver - https://www.youtube.com/watch?v=J7D66TMU1kk - can acquire a 100 percent stake in the Hughes project in Nevada and in the Mogollon project in New Mexico, where drilling has just started.
Discovery Silver - https://www.youtube.com/watch?v=yPte8DInq4I - owns the flagship Cordero project in Mexico, among others. According to an updated mineral resource estimate, it has a measured and indicated resource of 910 million silver equivalent ounces.
Current corporate information and press releases from Summa Silver (www.resource-capital.ch/en/companies/summa-silver-corp/) and Discovery Silver (www.resource-capital.ch/en/companies/discovery-silver-corp/).
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