The future of the silver price
Silver benefits more than gold from demand from industry. This makes the precious metal fundamentally less susceptible to speculation than gold. There seems to be no question that demand for silver is rising. At the same time, the emerging markets, which are still in the starting blocks for many industrial silver applications, should not be overlooked. But they, too, must meet their growing needs. And the silver applications are increasing. This is likely to be joined by the increasing loss of confidence in paper currencies. Like gold, silver is an investment vehicle and a way to preserve value.
Viewed over the year 2021, the silver price, calculated in US dollars, suffered a loss of 5.2 percent. In euro terms, it gained 0.2 percent, mainly due to the fall in the euro. But silver can score with great opportunities for price increases. For one thing, inflationary trends should drive precious metal prices higher. For another, according to the European Central Bank, the digital euro is coming in a few years. This far-reaching change may lead to mistrust, making precious metals, especially silver, more attractive. And the economy will have to recover, perhaps soon and significantly after the current omicron variant of the pandemic and order more silver. As an example, consider the rapidly growing solar energy industry, which cannot do without silver. So, what could be more obvious than to look at companies that own silver.
MAG Silver is on its way to becoming a primary silver company. Its main project is the Juanicipio mine in Mexico, which is being developed with partner Fresnillo.
Tier One Silver - https://www.youtube.com/watch?v=InF4akAEzck - is targeting silver, gold and base metal projects in Peru. The Curibaya project is delivering particularly high-grade drill results.
Current corporate information and press releases from MAG Silver (www.resource-capital.ch/en/companies/mag-silver-corp/) and Tier One Silver (www.resource-capital.ch/en/companies/tier-one-silver-inc/).
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