Silver with interesting performance
As the last year has shown, the silver price can move more than the gold price. Yet both are so-called currency metals. Silver was once considered a means of payment, especially by the "common people who bought goods with silver". Silver was cheaper than gold. Today, silver coins are in circulation worldwide. If you translate "silver bullet", you get the words wonder weapon and royal road.
In addition to its function as a currency metal, silver is an important industrial metal. Whether in medical technology, in the solar industry, in the 5G telecommunications market or in electromobility, they all need silver. Thinking back to the run on silver in February, March ("Reddit hype"), it must also be remembered that the supply of silver is limited. As the precious metals authority LBMA pointed out at the time, had the hype continued, silver stocks in London would soon have run out. But the enormous demand for silver then ebbed away. So, the physical silver market can easily be thrown out of balance.
Increasing demand from industry and also from investors can be expected, so the silver price should rise. In addition, the stimulus measures of central banks and governments are making silver more and more popular as a currency metal. After all, just like gold, it serves as a kind of insurance against the loss of purchasing power. By the way, the inflation-adjusted all-time high for the silver price is 120 US dollars per troy ounce, so there should still be some room for improvement.
Therefore, companies with silver projects are also in focus, such as Endeavour Silver or Discovery Silver - https://www.youtube.com/watch?v=xUItgsG4S3M.
The latter can score with nice drill results on their Cordero silver project in Mexico, Chihuahua (about 258 grams of silver equivalent per ton of rock).
Endeavour Silver - https://www.youtube.com/watch?v=tYrmDYzHo5I - produces silver at three high-grade silver-gold mines in Mexico. Drilling is underway at a fourth project, Terronera.
Latest corporate information and press releases from Endeavour Silver (https://www.resource-capital.ch/en/companies/endeavour-silver-corp/) and Discovery Silver (https://www.resource-capital.ch/en/companies/discovery-silver-corp/).
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