Silver with golden prospects for 2021
According to a recent survey, the Silver Institute expects demand for silver to increase by around 15 percent to 1,033 million ounces of silver in the current year. This increase in demand is expected to come from all sectors. In coins and bars, demand is expected to rise to 252.8 million ounces. ETF demand is expected to remain robust at around 150 million ounces of silver. That would be only half the figure for the previous year, but still a very high figure overall.
The Silver Institute expects record demand from industry, namely an increase of eight percent. This is due to the automotive market, which is recovering significantly, the booming photovoltaic sector and the electronic and electrical applications sector. The outlook for silver jewelry and goods is also bright, with double-digit growth expected. In the pandemic year of 2020, the jewelry sector still lost 26 percent, and this was mainly due to weak Indian jewelry demand. Stores and factories were at a standstill at times.
In terms of silver supply, the forecast is for about eight percent more silver, but this means that the supply surplus is much smaller than in 2020, so anyone betting on silver now should be betting on the right horse overall. To be in on a strong silver price development, an investment in Ridgeline Minerals or Vizsla Silver could be considered.
Ridgeline Minerals - https://www.youtube.com/watch?v=MsUKPPPLu_Q - owns four projects, thus 125 square kilometers of land with silver and gold deposits in Nevada in the promising Carlin and Battle Mountain-Eureka trends, USA.
Vizsla Silver - https://www.youtube.com/watch?v=ug3uoh8GQfk - has an option to acquire 100 percent of the Panuco district in Mexico (nearly 10,000 hectares). Recent drilling has produced up to just over 2,700 grams of silver equivalent per ton of rock. No wonder investment legend Eric Sprott has invested ten million US dollars in Vizsla.
Latest corporate information and press releases from Vizsla Silver (https://www.resource-capital.ch/en/companies/vizsla-silver-corp/).
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