Silver boom

1.112 billion ounces of silver are estimated to be in demand this year. And the sectors responsible for this are all in growth. On the one hand, these are traditional sectors and, on the other, green technologies that consume a lot of silver. The renowned Silver Institute expects investor demand (silver bars and coins) to rise 13 percent in 2022, a seven-year high. Jewelry and silverware are expected to increase by 11 and 21 percent respectively. Indian demand is the key factor here.

An important demand for silver is the photovoltaic sector, where the number of projects is increasing because governments want to fulfill their commitments to CO2 neutrality. Forecasts even predict an all-time high for this sector. Other sectors that consume silver, such as the automotive industry, the 5G network, and other areas in electronics and electrical engineering are also on a growth trajectory. On the supply side, silver production is expected to increase by around seven percent, mainly from mine production, with recycling playing a rather minor role. In 2021, demand for silver exceeded supply (for the first time in six years), and a supply deficit of around 20 million ounces of silver is forecast for 2022.

Silver is not only gold’s little brother, but a precious metal that should be taken seriously, for example when investing in silver companies, such as Discovery Silver – https://www.youtube.com/watch?v=cPLrVyqwY8s -. In Chihuahua, Mexico lies its Cordero silver project. Recent drill results, for example, produced 446 grams of silver equivalent per ton of rock.

A promising former producing silver mine, the Bethania mine in Peru is being explored and developed by Kuya Silver – https://www.youtube.com/watch?v=1agUGok4XvA -.

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

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