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Strong silver demand

Silver demand was high in 2018 and supply is declining. But the precious metal still lags behind in terms of price

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Last year the silver demand marked a three-year high (World Silver Survey). At the same time, the supply of silver fell by 2.7 percent. The physical market recorded a deficit of around 29 million ounces. Silver ingots in particular were in great demand. But unfortunately the silver price did not go up. It became a victim of weak investment demand and trading in silver securities (especially the silver futures market).

After six of the last ten years had seen a physical deficit in silver, the price of silver was set to rise. After all, demand is still on a healthy footing. Jewellery and silverware are just as much in demand as coins and bars. Industrial demand for this precious metal has been stable for years. And it continues to grow in the photovoltaic industry. Greater demand is expected from the electromobility sector and solar energy. An increasing number of hybrid and pure electric vehicles will lead to rising silver sales.

A look at India, the world's largest consumer of silver jewellery and silverware, is also important in connection with the future price of silver. In 2018 India imported about 36 percent more silver than in 2017, and many more Indians can afford silver than gold. And festivals as well as the wedding season are again scheduled in India this year.

Silver fans would be just as happy about a finally rising silver price as silver companies such as Endeavour Silver or MAG Silver.

Endeavour Silver - - produced approximately 1.9 million ounces of silver equivalent at its four mines in Mexico during the first three months of 2019. The drilling program at the Bolañitos Mine has already produced high grade silver and gold intercepts this year (up to 348 grams of silver and 18.30 grams of gold per tonne of rock). In addition, Endeavour Silver maintains various projects in Mexico and Chile.

MAG Silver -, together with its partner Fresnillo, has received the joint formal approval of the Juanicipio Project, located in Mexico. This "milestone", as CEO and President George Paspalas calls it, means security on the way to the producer.

Current corporate information and press releases from Endeavour Silver ( and MAG Silver  (

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the German version of these messages applies.

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