Silver - the green metal
Photovoltaic cells need silver. Today, the energy obtained from it is often cheaper than energy from fossil fuels. By 2025, according to forecasts, the production of solar power will roughly double. This will ensure a strong demand for silver thanks to solar energy.
This is also the view of the renowned Silver Institute, which has investigated this area. The biggest demand countries for solar energy are China, Europe, North America, Asia and India. From 2020 to 2030, around 888 million ounces of silver are expected to flow into the solar industry.
The fact that solar energy is being strongly promoted can be seen, for example, from the regulations in California. Here, new houses must be built with a solar power system. Mining in remote areas, especially in Chile or Australia, also benefits from solar energy.
Silver has recovered strongly in price, although not yet as much as gold. Because gold is the inflation and crisis metal. As an industrial metal, the demand for silver is still limited by the Corona crisis. But silver's recovery rally is likely to continue, especially when industrial demand takes full effect again.
Investments in silver companies could add value to the portfolio right now. For example Hannan Metals or Endeavour Silver.
Hannan Metals is focused on copper-silver properties in Peru and Europe: https://www.commodity-tv.com/play/hannan-metals-identifies-new-2-km-long-zone-of-high-grade-copper-silver-mineralization/. The 100% owned San Martin Project is located near the eastern Andes in Peru. In Ireland, the Clare project is owned by Hannan Metals and includes a new high-grade zinc-silver-lead-copper property, the Kilbricken resource still one of the objectives pursued by Hannan Metals.
Endeavour Silver, a successful silver producer with three Mexican silver-gold mines, restarted mining operations at the end of May after the Mexican Ministry of Health granted permission to do so. The company is pursuing further projects in Chile and Mexico: https://www.commodity-tv.com/play/endeavour-silver-investor-update-april-2020/.
Up-to-date corporate information and press releases from Endeavour Silver (https://www.resource-capital.ch/en/companies/endeavour-silver-corp/) and Hannan Metals (https://www.resource-capital.ch/en/companies/hannan-metals-ltd/).
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