Silver - the metal of many possibilities
Christmas was certainly silver in the form of jewelry, coins or bars put under the gift table. Also, in the technology sector, especially in nanotechnology and in the field of climate-friendly technologies, silver is indispensable. As the little brother of gold, silver serves investment purposes.
Last year, silver reached a seven-year high in August. Then the price went down again somewhat. Similar to gold, but to a different extent, there is also seasonality in silver. Looking at the last decades, the silver price usually rises at the beginning of a year until around the end of February.
The reason lies in the silver purchases by the industry, which are usually made at the beginning of the year. A second strong price phase for silver usually occurs in June, which then ends around mid-September.
Besides the world's largest primary producer Fresnillo, there are various other companies that shine with good silver projects. MAG Silver - https://www.youtube.com/watch?v=DlnD7JKD_n8 , for example. With a 44 percent stake in the Juanicipio project, it can look forward to starting production at the end of 2020. Partner Fresnillo can contribute its expertise.
The still young company Summa Silver - https://www.youtube.com/watch?v=tj26XjWf0gA - is also one of the promising silver companies that has already achieved remarkable things. In Nevada, Summa Silver is taking care of the Belmont silver project, which has already reported very good drill results. In New Mexico, the previously producing Mogollon project will be added.
Current corporate information and press releases from MAG Silver (www.resource-capital.ch/en/companies/mag-silver-corp/) and Summa Silver (www.resource-capital.ch/en/companies/summa-silver-corp/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also