Silver price with further catch-up potential
In November, the silver price was still at 13.99 US dollars, its last 52-week low. Today it is quoted at over $16 per troy ounce. After a prolonged period of weakness he was able to recover significantly and silver became attractive again. Financial investors are in a positive mood and inflows into the silver ETFs have risen massively.
For a long time the silver price floundered in a sideways trend, but now many industry experts expect a further rise. The gold-silver ratio, among other things, speaks in favour of this. In July it was still just under 94, which was a 27-year high. Looking back over many years, the gold-silver ratio is just 63. If the value is 40 or less, this would be a sell signal. At any rate, there is still great potential for catching up at around 80.
From a chart technical point of view, too, a sign was set with the crossing of the 16-dollar mark. It can go further up. Investors who don't just want to bet gold on their big brother, or are simply fans of silver, should now look at silver companies such as Endeavour Silver or MAG Silver.
Endeavour Silver - http://www.commodity-tv.net/c/search_adv/?v=299217 - owns four high-grade silver gold mines in Mexico. They produced more than one million ounces of silver and nearly 1,000 ounces of gold in the second quarter of 2019. Endeavour Silver is also pursuing other projects in Mexico and Chile. In Mexico, concessions adjacent to the Guanacevi mine have just been acquired.
MAG Silver - http://www.commodity-tv.net/c/search_adv/?v=299118 - (44 percent) together with Fresnillo (56 percent) is developing the Juanicipio project in the Fresnillo Silver Trend in Mexico. Production is scheduled to start in the second half of 2020. The company is working to restore surface access to the MAG Silver-owned Cinco de Mayo project, also in Silverland Mexico.
Current corporate information and press releases from Endeavour Silver (https://www.resource-capital.ch/en/companies/endeavour-silver-corp/) and MAG Silver (https://www.resource-capital.ch/en/companies/mag-silver-corp/).
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