The ounce of silver could soon cost 50 US dollars
Demand for silver is high, and in many areas. Great, for example, is the investment demand. Although there are always bumps in the price, overall, the silver price is high compared to 2020. Many even see $50 per ounce of silver as realistic. Just as a reminder, last May the price of silver was around $16 per ounce. In the last twelve months, it has risen by about 63 percent. A further increase in the price of silver over the next three years is expected by many analysts. Highs of 50 US dollars per ounce were reached in 1980 and 2011.
Many see a rising silver price coming in conjunction with the next financial or economic crisis. These advocates see consequences from the economic disruptions in 2020 and the still lingering effects of the economic crisis year 2009. Whether you count yourself in the camp of those who already see the next financial crisis or whether you simply bet on the lasting value of the precious metal silver, one thing is clear, silver will ensure value retention just like gold.
One argument that also speaks for an investment in silver is the fundamental data. The average silver content extracted from the ground by mining companies is falling and is currently no longer 13 ounces per ton, but only 5.8 ounces of silver per ton of rock. Although new technologies allow lower silver contents to be profitably extracted from the ground, this also results in higher costs. The fact is: Investments in silver companies like Ridgeline Minerals or Tier One Silver should pay off.
Ridgeline Minerals - https://www.youtube.com/watch?v=SDxo568Ayts owns four prospective silver and gold properties in Nevada, Carlin-East, Bell Creek, Swift and Selena.
Tier One Silver - https://www.youtube.com/watch?v=0zZlm22Dp6w - is on the move in Peru. The company owns the Curibaya project there, and recently added the Hurricane project there and three other properties to its portfolio.
Latest corporate information and press releases from Tier One Silver (https://www.resource-capital.ch/en/companies/tier-one-silver-inc/).
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