Silver outlook gives investors hope

From a chart-technical perspective, the silver price has unfortunately slid downwards again since its breakout at just under 25 US dollars per troy ounce. The multi-week upward trend has been broken. However, counter movements are possible at any time. A point at which the price could turn upwards again is at 21.50 US dollars. On the whole, silver demand is expected to recover. Silver jewellery and silverware production are forecast to recover by 18 and 25 per cent respectively in 2021. A significant upturn is expected in key consumer countries such as India.

At the same time, a deficit is expected on the silver market for the current year, the first since 2015, by the way. The industry has also recovered from the pandemic and is increasingly demanding silver. A new high of 524 million ounces is expected. The photovoltaic industry is also expected to record a plus of 13 percent this year with an estimated 110 million ounces. Demand from the electronics and electrical sectors, as well as the brazing and soldering sector, is also forecast to increase. Exchange-traded silver products are also expected to enjoy increasing popularity in 2021. Investors are providing inflows, strengthening the price of the precious metal. The silver-gold ratio currently stands at just under 80; a year ago it averaged 89. If the silver-gold ratio is above 80, silver is considered undervalued and an appreciation, i.e. a higher price, is to be expected.

In any case, silver investments should not be missing in any well-diversified portfolio.

Denarius Silverhttps://www.youtube.com/watch?v=qF5UyeDX-Rs&t=22s – is currently drilling its Lomero project in Spain and the Guia Antigua project in Colombia.

Discovery Silverhttps://www.youtube.com/watch?v=3GJrmpmIa2U – has 910 million silver equivalent ounces (as per mineral resource estimate, measured and indicated) at its main Cordero project in Chihuahua, Mexico.

Current corporate information and press releases from Denarius Silver (- https://www.resource-capital.ch/en/companies/denarius-silver-corp/ -) and Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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 accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

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