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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 - http://www.commodity-tv.net/c/search_adv/?v=299054 - 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 - http://www.commodity-tv.net/c/search_adv/?v=299118, 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 (https://www.resource-capital.ch/en/companies/endeavour-silver-corp/) and MAG Silver  (https://www.resource-capital.ch/en/companies/mag-silver-corp/).

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.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally 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. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

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Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at [email protected] We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

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