Physical deficit in silver expected

According to the Institute’s forecast, the current year will end with a peak in industrial silver demand. This is an increase of 32 percent. Overall, an increase is expected for all areas of silver demand. Thus, for the first time since 2015, global silver demand will exceed one billion ounces, or 1.29 billion. Of this, about 524 million ounces will go to the industrial sector, and more than 110 million ounces will be gobbled up by the photovoltaic sector (a 13 percent increase). This shows the important role of silver for the "green revolution".

Investments in physical silver are expected to reach a six-year high of 263 million ounces, 32 per cent more than in the same period last year. India and the USA are primarily responsible for the large increase. Demand for US coins and bars alone is expected to reach 100 million ounces of silver. According to the estimates of the Silver Institute, India will invest about three times as much in silver as in 2020.

In terms of price, silver has already made significant gains. The average silver price has gone up by about 28 percent in the current year compared to the previous year. In terms of silver production, 829 million ounces are expected in 2021. In the silver mining sector, profitability will improve due to strong silver prices. Margins for mining companies are currently at their highest level since 2012, so a look at silver companies should not be missed.

Denarius Silver – https://www.youtube.com/watch?v=QVVXRhMOosI – is focused on the Lomero project in Spain and the Guia Antigua project in Colombia.

Tier One Silver – https://www.youtube.com/watch?v=t6PFpRjvfTo – has five projects in its portfolio, including the prospective Curibaya project. Recent drilling, for example, returned 211 grams of silver equivalent per tonne of rock.

Current company information and press releases from Denarius Silver (- https://www.resource-capital.ch/en/companies/denarius-silver-corp/ -) and Tier One Silver (-  https://www.resource-capital.ch/en/companies/tier-one-silver-inc/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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