Gold and silver will reach new all-time highs

There is still some selling pressure on the precious metals market. The gold and also the silver price had to let feathers in the last weeks. However, small countermovement’s can also be seen. The silver price has held the support at 22.00 U.S. dollars, now it seems to go up again. Gold has also turned upward again somewhat in terms of price. The downward trend could be overcome for the time being. Both precious metals may now have found a solid foundation. If one looks at past precious metal bull cycles, gold usually starts with a price upswing and rises gradually. Silver comes in later and only when gold peaks does silver usually outperform gold. The fundamentals regarding both precious metals are good, not least because of the de-dollarization trend.

This is likely to manifest itself particularly in the BRICS countries, i.e. Brazil, Russia, India, China and South Africa. This is because gold will gain in importance as a currency in these countries. From August 22 to 24, the BRICS countries discussed a new world economic order. The international monetary and financial order is the topic. The dominance of the European states and the USA is to be reduced. So if a currency wants to compete with the US dollar, it should be at least partially backed by gold. Gold is always in demand, silver is a must for climate goals. So why not invest in companies that own these precious metals. There would be Vizsla Silver or Discovery Silver.

Working on the formerly producing Panuco silver-gold property in Mexico is Vizsla Silver – https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ -.

Also in Mexico, in Chihuahua, is Discovery Silver’s Codero project – https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ -. It is among the largest undeveloped silver reserves in the world.

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

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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