Markets

Silver – EV Boom Winner

Silver has strong properties such as conductivity that are sought after in industry. This, along with rising investment demand, should push the price up, and so should silver company stocks.

“Silver is increasingly being used in energy conversion technologies. One of the applications is electromobility. Silver is an excellent conductive element; it is not used for the production of batteries, but for the production of individual cells in assemblies or for on-board electronics, ” says Benjamin Louvet, fund manager of OFI Precious Metals Funds at OFI Asset Management.

The commodities expert is not alone with this positive view of silver.

A growing source of demand for silver is namely the auto industry, especially the electric car industry. Then there is the need of the battery industry, because energy storage is a key future issue. Since silver reflects and conducts very well, it is also preferred in photovoltaic technology. Although the amount of silver required per cell has recently decreased, demand in this industry doubled between 2014 and 2019.

The future growth potential for silver is correspondingly large – provided the economy returns to its normal pace. In the short term, however, the development of the precious metal remains closely linked to the fate of gold. This is where the investment component comes into play.

So silver is important as an investment and as an industrial metal and it will stay that way. In particular, price drops in the meantime, such as the current ones, appear to be a cheap buying opportunity. This applies not only to the physical silver itself, but also to the shares of the silver companies.

One of the silver companies is about MAG Silver – https://www.rohstoff-tv.com/play/newsflash-mit-oceanagold-mag-silver-und-copper-mountain-mining/ -. The renowned investment house H.C. Wainwright & Co. is currently recommending MAG Silver as a buy and is based on a price of 22.50 US dollars (19.30 euros) per share. MAG Silver’s main project is the Juanicipio project, which is being developed together with Fresnillo in Mexico. MAG Silver has just purchased a 5,600 acre silver-rich property that includes a historic silver mine in Utah.

Summa Silver – https://www.rohstoff-tv.com/play/mining-newsflash-mit-tarachi-gold-isoenergy-summa-silver-und-trillium-gold/ – Has the option to acquire the Hughes property (with the previously producing Belmont Mine) in Nevada and the Mogollon property in New Mexico. More than 5,000 meters of drilling has been completed in the Hughes area. The prospects of finding more are very good.

Current company information and press releases from MAG Silver (- https://www.resource-capital.ch/de/unternehmen/mag-silver-corp/ -) and Summa Silver (- https://www.resource-capital.ch/de/unternehmen/summa-silver-corp/ -).

In accordance with Section 34 of the WpHG, I would like to point out that partners, authors and employees can hold shares in the respective companies addressed and that there is thus a possible conflict of interest. No guarantee for the translation into German. Only the English version of these messages applies.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be assumed for damage caused by using this blog. I would like to point out that stocks and especially warrant investments are generally associated with risk. The total loss of the capital employed cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the correctness of any content. Despite the greatest care, I expressly reserve the right to make errors, particularly with regard to figures and rates. The information it contains comes from sources that are believed to be reliable, but in no way claims to be correct or complete. Due to court judgments, the content of linked external pages is jointly responsible (e.g. Hamburg Regional Court, in the judgment of May 12, 1998 – 312 O 85/98), as long as no express distancing is made. Despite careful control of the content, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Personal-Financial.com AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/

Note: PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section. PERSONAL-FINANCIAL.COM AG is not responsible for content that is recognizably posted by third parties in the “News” area of ​​this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” label below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.

Tags

Related Articles

Back to top button
Close
Close