Silver - the sleeping giant
The silver price fell to 11.74 US dollars per troy ounce last year. This was less than the low of 13.63 US dollars in December 2015, but the low did not last long. The high in the price of silver was then seen at 29.91 US dollars per ounce. That was the highest price since early 2013, and wild short-term speculation in February briefly lifted the price of the precious metal to $30.35 per ounce. Today, the price is around 25.20 U.S. dollars.
And the silver-gold ratio is a good 69, which means that silver still has great potential for price increases. Over the long term, the ratio has averaged below 60. Another point of view that speaks for rising silver prices is the metal's characteristic as an industrial metal. And as the IMF has just announced, the global economy is expected to recover at an accelerated pace, and faster than previously expected. The global economy is expected to grow by six percent. According to the IMF, this is due to massive government spending and progress in the Corona vaccination program.
Silver should therefore once again be in greater demand from industry. For example, from the automotive industry and from the photovoltaic industry. A strongly recovering economy should therefore lift the silver price upwards, perhaps even more than some people think today. Also for investments of investors money should be available, because in the many past pandemic months much money was not spent by the population, which is available.
So silver companies should be looked at closely now, such as Ridgeline Minerals. With four projects in Nevada (Carlin-East, Swift, Selena, Bell Creek) and a total of 125 square kilometers of land with silver and gold, high silver and also gold prices should bring joy.
Also in Nevada is Summa Silver - https://www.youtube.com/watch?v=YE2m9uXblk8 - with the Hughes project. A second silver project is located in New Mexico.
Current corporate information and press releases from Summa Silver (https://www.resource-capital.ch/en/companies/summa-silver-corp/).
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