How things will go with the silver price

The silver price has been around for the past few months. Silver fans hope for further potential.

After the silver price collapsed to a new low of under US $ 13.50 a troy ounce due to Corona in the spring, a new bull market started. At the beginning of the third quarter, the price rose sharply and was then able to record a plus of 61 percent by mid-August. A seven-year high of a good 29 US dollars was reached. Today the ounce costs just under 25 US dollars.

When the precious metal will land at 30 US dollars an ounce, the development is open, because there are various possibilities. Investors should watch the market closely and remain flexible. There is uncertainty in the market, although many experts assume that gold and silver prices will continue to appreciate. Because the safe haven of silver will continue to attract investors in view of the current uncertain situation.

These include, for example, the analysts at Goldman Sachs, who soon consider US $ 30 possible. The reason given is the expected expansion of the solar industry. Above all, if Joe Biden were to win the presidential elections in the USA, then renewable energies would be increasingly expanded. The experts at the Silver Institute also consider 30 US dollars and a gold-silver ratio of 70 to be possible. Monetary policy easing and economic stimulus programs are causing inflation concerns.

The Investing News Network ranks among the top five silver stocks MAG Silver – -. Together with partner Fresnillo, the company is driving the Juanicipio project in Mexico and owns 44 percent of it. The first nearly 43,000 tons of material were just processed and resulted in the production of 394,000 ounces of silver, 610 ounces of gold, and lead and zinc – a milestone for the Juanicipio project.

Also in the silver sector (and also in the gold sector) Vizsla Resources – -. The Panuco gold-silver mine in Mexico will soon reach production status and always scores with very good drilling results.

Current company information and press releases from Vizsla Resources (- -) and MAG Silver (- -).

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