There is still room for improvement at junior precious metals companies
The gold price and the gold companies benefit from the current geopolitical tensions
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This does not yet seem to have had such an impact on the price of the shares of some junior companies in the gold sector. In many cases, there is still potential for a price upswing. However, it is encouraging that more and more investments are being made in juniors, as the larger companies are looking to fill up their exploration areas. The current hot phase of U.S. inflation will continue to drive up gold and silver prices, according to the overwhelming opinion of experts, because from a historical perspective, rising inflation rates have always led to strong demand for hard assets such as metals.
From a chart perspective, a solid resistance would be at 2,000 U.S. dollars per troy ounce of gold. In silver, the next upside target is a closing price above the technical resistance at 26.16 U.S. dollars per ounce. Already in February, the silver price managed to overcome the resistance at 24.40 U.S. dollars per ounce. A short correction occurred only at just under 27 U.S. dollars per ounce of silver. In the current mixed situation, the chances of a higher silver price than the current one at around 25.70 US dollars should be good. According to a forecast of the Silver Institute, a record high demand for silver is expected for 2022. The industry is particularly responsible for this, as demand is increasing due to environmentally friendly technologies. Silver should also shine as an investment vehicle, just like gold. Silver is even expected to reach a seven-year high. Therefore, an investment in well-positioned silver companies should not be missing in the portfolio.
MAG Silver or Tier One Silver would come into consideration. MAG Silver - https://www.youtube.com/watch?v=mtGsZHUDlbo&t=2s - is working together with its partner company Fresnillo on the Juanicipio project in the Fresnillo Trend in Mexico. The processing plant is expected to ramp up to about 90 percent by the end of 2022. Tier One Silver - https://www.youtube.com/watch?v=ehXXANrBHsQ&t=1s - is looking after the Curibaya project in Peru. Drilling results, for example, yielded almost 1,500 grams of silver equivalent per ton of rock.
Current corporate information and press releases from MAG Silver (
www.resource-capital.ch/de/unternehmen/mag-silver-corp/) and Tier One Silver(
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