Silver outlook gives investors hope
At the same time, a deficit is expected on the silver market for the current year, the first since 2015, by the way. The industry has also recovered from the pandemic and is increasingly demanding silver. A new high of 524 million ounces is expected. The photovoltaic industry is also expected to record a plus of 13 percent this year with an estimated 110 million ounces. Demand from the electronics and electrical sectors, as well as the brazing and soldering sector, is also forecast to increase. Exchange-traded silver products are also expected to enjoy increasing popularity in 2021. Investors are providing inflows, strengthening the price of the precious metal. The silver-gold ratio currently stands at just under 80; a year ago it averaged 89. If the silver-gold ratio is above 80, silver is considered undervalued and an appreciation, i.e. a higher price, is to be expected.
In any case, silver investments should not be missing in any well-diversified portfolio.
Denarius Silver – https://www.youtube.com/watch?v=qF5UyeDX-Rs&t=22s – is currently drilling its Lomero project in Spain and the Guia Antigua project in Colombia.
Discovery Silver – https://www.youtube.com/watch?v=3GJrmpmIa2U – has 910 million silver equivalent ounces (as per mineral resource estimate, measured and indicated) at its main Cordero project in Chihuahua, Mexico.
Current corporate information and press releases from Denarius Silver (- https://www.resource-capital.ch/en/companies/denarius-silver-corp/ -) and Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-corp/ -).
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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