Industrial demand for silver at record high in 2024

Then there are the investors in exchange-traded products. The first inflows in three years are expected here. Finally, in addition to gold, silver also serves as an attractive instrument in an environment of expected dollar weakness and impending interest rate cuts by the Fed and, last but not least, falling yields will have an effect. A recent report published by the Silver Institute together with Capitalight Research shows that silver also acts as a safe haven. According to the report, the silver deficit will rise to 265.3 million ounces. Silver therefore benefits twice over, as an industrial raw material and as an investment vehicle, and silver strengthens the portfolio. This is because economic and financial conditions have changed in recent years due to the pandemic and ongoing geopolitical tensions. Mining companies that own silver in their projects, such as Endeavour Silver or MAG Silver, are benefiting from the double demand for silver.

Endeavour Silver – https://www.commodity-tv.com/ondemand/companies/profil/endeavour-silver-corp/ – has projects in Mexico, Nevada and Chile. In Jalisco, Mexico, the company is now developing the Pitarrilla silver, lead and zinc project.

MAG Silver – https://www.commodity-tv.com/ondemand/companies/profil/mag-silver-corp/ – has a stake in the successful Juanicipio silver mine in Mexico in the Fresnillo Silver Trend.

Current company information and press releases from MAG Silver (- https://www.resource-capital.ch/en/companies/mag-silver-corp/ -) and Endeavour Silver (- https://www.resource-capital.ch/en/companies/endeavour-silver-corp/ -)

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