Silver is a store of value, a means of payment and an industrial metal

Silver is indispensable in industry, because other metals are less efficient or more expensive. The silver supply and the material from recycling are not getting any more. Yet there are more and more innovations and modern applications that need silver. In electrical circuits, in solar panels, in space travel, in catalytic converters and in medicine, and these are only examples silver is used. Coins, jewelry and utensils as well as mirrors or soldering alloys contain the precious metal. By the way, the most common form of silver is sterling silver, which consists of 92.5 percent pure silver. Its origin is England, and it has been produced there since the 13th century.

Sterling silver is used for silver cutlery and for silver jewelry. Other metals are added to silver jewelry so that its durability can be increased. Surely known to everyone is the 999 fine silver used for coins and bars. Silver coins and bars are a nice alternative to gold. There is also Mexican silver (95 percent silver) or Britannia silver (95.8 percent silver). Silver used in industry is generally not recycled today, so most of it is lost for further use.

There have already been large price increases in silver in earlier years, such as 1980 or 2011 (just under $50 per ounce). Between September 2022 and September 2023, the price of silver went up by almost 24 percent. Higher prices are possible mainly in view of the increasing industrial use of the precious metal. Well-positioned companies with silver in the ground include Vizsla Silver and Discovery Silver.

Vizsla Silver – https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ – is working on the previously producing Panuco gold and silver mine in Mexico.

Discovery Silver’s – https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ – Codero project is also located in Mexico, and it is one of the largest undeveloped silver reserves in the world.

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/ -).

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.

Disclaimer:

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