Strong investments in silver

Some investors and industry experts believe that silver could outperform gold. In any case, silver is also in demand as a safe haven.

According to the Silver Institute, global silver ETPs (Silver Backed Exchange Traded Products) rose nearly 297 million ounces in the third quarter of 2020, a threefold increase compared to the same period last year. ETP holdings at the end of September were 1.026 billion ounces.

The demand for silver coins is just as strong. After all, the increase in the first three quarters of 2020 is a good 65 percent. In the USA and Germany in particular, significant double-digit increases in coins went over the counter. Silver bars were also in great demand.

Since around 50 percent of the silver mined goes to industry, it is important to take a look at industry demand. A recovery can be seen here in the third quarter and in the current fourth quarter. The photovoltaic industry in particular has shown strength despite Corona. Overall, however, around ten percent lower industrial demand is expected for 2020 as a whole.

There has been a lower demand in the jewelry sector in the current year, which can amount to an estimated 20 percent. Nevertheless, the overall demand situation for silver can be assumed to be solid, because the monetary policy and fiscal measures continue and the gold price rises again, which could result in large purchases, especially for silver. Because the gold price pulls the silver price up with it. The Silver Institute believes a price of 30 US dollars is possible this year.

Enough reasons to invest in silver companies, for example in Endeavor Silver – -. Three silver-gold mines in Mexico returned approximately 942,000 ounces of silver and nearly 10,300 ounces of gold in the third quarter of 2020.

Summa Silver – – Not in production yet, but seems to have hit the jackpot with its historic Belmont mine in Nevada. Drilling has already produced very positive values ​​(e.g. 3,760 grams of silver equivalent over 2.5 meters).

Current company information and press releases from Endeavor Silver (- -) and Summa Silver (- -).

In accordance with Section 34 of the WpHG, I would like to point out that partners, authors and employees can hold shares in the companies addressed and that there is therefore 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 involved 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 AG also applies:

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 recognizable as being 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.


Related Articles

Back to top button