Especially in the USA, people like to grab silver coins and bars this year. The increase should be around 62 percent compared to the previous year. In the second largest silver market, in India, on the other hand, demand is expected to decrease by around 20 percent for 2020 as a whole. The demand for exchange-traded silver products, the ETPs, was particularly strong this year. These global holdings exceeded a billion ounces of silver for the first time, setting a record high.
The much-observed gold-silver ratio also changed significantly over the course of the year. While it was still at a record high of 127: 1 in March, it is currently around 77: 1. The analysis company Metals Focus expects an average silver price of 20.60 US dollars per ounce for 2020, the highest annual average since 2013. On the production side, silver production was around 6.3 percent lower for the year as a whole, because from China, Mexico and Peru received less silver. Most mines are now producing as they were before the pandemic.
Even if the demand for silver in the industry fell by an estimated nine percent, the demand from the photovoltaic sector is still very high. The forecast surplus in the silver market, the experts suspect, will be absorbed by the strong global investments.
Anyone looking to invest in silver and silver companies should take a look at Kuya Silver or Vizsla Resources. Kuya Silver – https://www.youtube.com/watch?v=-3Ho4RwFfzU – would like to bring the Bethania property in central Peru back to life. Silver, lead and zinc were extracted from the ground there until 2016. The project comprises four concessions and thus 1750 hectares.
In Mexico it is on its Panuco silver-gold mine Vizsla Resources – https://www.youtube.com/watch?v=Edq1O2-WwU8&t=27s – active. The start of production is not far on the almost 10,000 hectare property.
Current company information and press releases from Kuya Silver (- https://www.resource-capital.ch/de/unternehmen/kuya-silver-corp/ -) and Vizsla Resources (- https://www.resource-capital.ch/de/unternehmen/vizsla-resources-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 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 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 contained here comes from sources that are believed to be reliable, but do not claim 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/
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 by third parties in the “News” area
This website has been discontinued and does not adopt it as its own. These contents are in particular through
a corresponding “from” mark below the article heading and / or through the link
“To read the full article, please click here.” responsible for
this content is solely the named third party.