There is still room for improvement at junior precious metals companies

From a chart perspective, a solid resistance would be at 2,000 U.S. dollars per troy ounce of gold. In silver, the next upside target is a closing price above the technical resistance at 26.16 U.S. dollars per ounce. Already in February, the silver price managed to overcome the resistance at 24.40 U.S. dollars per ounce. A short correction occurred only at just under 27 U.S. dollars per ounce of silver. In the current mixed situation, the chances of a higher silver price than the current one at around 25.70 US dollars should be good. According to a forecast of the Silver Institute, a record high demand for silver is expected for 2022. The industry is particularly responsible for this, as demand is increasing due to environmentally friendly technologies. Silver should also shine as an investment vehicle, just like gold. Silver is even expected to reach a seven-year high. Therefore, an investment in well-positioned silver companies should not be missing in the portfolio.

MAG Silver or Tier One Silver would come into consideration. MAG Silver – https://www.youtube.com/watch?v=mtGsZHUDlbo&t=2s – is working together with its partner company Fresnillo on the Juanicipio project in the Fresnillo Trend in Mexico. The processing plant is expected to ramp up to about 90 percent by the end of 2022. Tier One Silver – https://www.youtube.com/watch?v=ehXXANrBHsQ&t=1s – is looking after the Curibaya project in Peru. Drilling results, for example, yielded almost 1,500 grams of silver equivalent per ton of rock.

Current corporate information and press releases from MAG Silver (https://www.resource-capital.ch/…) and Tier One Silver (https://www.resource-capital.ch/…).

In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may 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 this news is valid.

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