Increasing demand for silver for electrical and electronic applications

According to the Silver Institute, demand in the industry is expected to increase in the current year. The booming photovoltaic sector is responsible for this on the one hand, and the increasingly electrified automotive sector and applications in connection with the 5G network on the other. Also, many mobile devices cannot do without silver. Looking at physical silver investments, there should be double-digit growth in 2022, according to forecasts. Uncertainties, trouble spots such as the Ukraine debacle just now, as well as great inflationary pressure should make private investors increasingly reach for silver. This also applies to India, where economic conditions are improving, and private Indians have more money for silver.

At the beginning of the current year, the growth expectations for the gross domestic product of several major economies were lowered. So, if the U.S. rate hike cycle turns out to be lower than assumed – and that’s how it looks at the moment – then a further increase in investor interest should also ensure higher prices for silver. Indeed, the Ukraine crisis is intensifying, which is moving the price of gold and also silver.

Unlike gold, silver is the vehicle for reducing carbon emissions, and so more of these long-term opportunities for silver should be in focus, so should mining companies with silver, such as Discovery Silver – https://www.youtube.com/watch?v=wWFlkXI2His . Its Cordero silver project is located in Mexico and is pleasing with very good drill results. A pre-feasibility study is expected to be completed this year.

Vizsla Silver – https://www.youtube.com/watch?v=2csTryv7sEQ – is also located in Mexico with the previously producing Panuco silver-gold project and is scoring drill results.

Current corporate information and press releases from Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-corp/ -) and Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -).

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