The new year looks promising for silver and gold
Silver is used particularly in the solar industry. Demand for silver should also pick up again in the automotive and electrical industries as soon as the pandemic is overcome by the vaccinations. Because then the economy will pick up speed. In this respect, many experts see gold and silver, as well as mining stocks, with excellent prospects for 2021 as a whole. New all-time highs are forecast for the summer at the latest.
The reasons include the enormous increase in the money supply and the poor outlook for paper currencies. Last summer, the price of silver rose to just under 30 U.S. dollars, this should also soon be possible again. Because the correction in the precious metal area should be overcome. Today, we are already well away from the low gold and silver prices seen in November.
The situation is similar for mining stocks. Silver and gold stocks have mostly left their lows behind them and have often reached new highs. Should the seasonality inherent in the precious metals take effect again this year - in the corona year 2020, after all, many things were different - the precious metals are now in an upward price cycle.
Investments in gold mining and silver mining stocks therefore make sense. In this way, promising candidates can be picked out, such as Endeavour Silver in the silver sector or Karora Resources in the gold sector.
Endeavour Silver - https://www.youtube.com/watch?v=An7-u17J5hM - produces at three mines in Mexico. Despite a two-month pandemic-related closure, production in the fourth quarter of 2020 was very high (2.1 million silver equivalent ounces).
Karora Resources - https://www.youtube.com/watch?v=4tSmFPSMTDk - can score with two producing gold properties in Western Australia. There, the proven and probable reserves could recently be increased by 334 (!) percent.
Latest corporate information and press releases from Endeavour Silver (https://www.resource-capital.ch/en/companies/endeavour-silver-corp/) and Karora Resources (https://www.resource-capital.ch/en/companies/karora-resources-inc/).
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