Silver stands the test of time

Silver stands the test of time

Roman silver bars with mint marks are extremely rare. Three such rare silver bars were to be sold illegally.

The attempt to sell the valuable silver ingots on the black market failed. They were very well preserved and depict Constantine the Great. He reigned from 306 to 337 AD. Each of the three silver ingots weighs around 342 grams. They were used to mint coins. These coins were issued between 310 and 313 AD, in what is now Trier, formerly a Roman city. The man who wanted to sell the silver blocks claimed that his great-grandmother had found them in the garden in Transcarpathia. This is an area in western Ukraine. The value of the silver treasure is around 85,000 US dollars. Because they were found outside the Roman Empire, they are a valuable source of the past.  Today, around 90 Roman silver ingots are known, but only eleven of them have mint marks. The find is now kept in a museum.

A troy ounce of silver currently costs just under 29 US dollars. Silver is conquering more and more areas as an industrial material and is becoming increasingly important for modern technologies. One example is research in Korea, which is using a layer of silver-carbon instead of lithium as the anode material for batteries. The use of silver increases the capacity of the batteries and prevents the undesirable formation of dendrites (electrochemical deposits of metal on the electrodes of a battery) in the batteries. Silver could therefore ensure a particularly long battery life. Silver is not only a store of value and investment metal, but also the metal of the future. Silver companies should therefore be in a good position.

For example, Endeavour Silver - https://www.commodity-tv.com/ondemand/companies/profil/endeavour-silver-corp/ -, a successful silver producer with silver projects in Mexico, Nevada and Chile (production of around 2.2 million ounces of silver equivalent in the second quarter of 2024).

MAG Silver - https://www.commodity-tv.com/ondemand/companies/profil/mag-silver-corp/ - is another silver producer. The company has a stake in the Juanicipio mine in Mexico. Since the mine was ramped up in February 2023, encouraging progress has been made in terms of output.  

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

Endeavor Silver ( https://www.resource-capital.ch/en/companies/endeavour-silver-corp/ ).

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