There is a close relationship between gold and silver. In addition, demand for solar modules will drive silver demand.
Silver accounts for the second-largest share of the cost of solar modules in demand. And newer technologies could increase silver's share in the photovoltaic industry in the near future. The demand for silver for solar technology is a relatively new factor and one that continues to grow. While silver demand was subdued between 2017 and 2021, this has changed as a result of energy transition efforts. The Inflation Fighting Act and REPowerEU are increasing demand for green energy. This is because the main objectives of REPowerEU include reducing fossil fuels and increasing the use of renewable energy.
The price of silver is closely linked to the price of gold; if the price of gold rises, so does the price of silver. In this context, experts assume that the price increases for silver will be higher than for gold - thanks to the energy transition. Gold is more in demand as a safe haven, but last year private investors made strong gains in silver. Institutional investors were not so fixated on silver in 2022, but perhaps there will also be more demand from this area in the current year.
In the gold price, many analysts and industry experts expect new price highs this year, so this, together with the industrial demand for silver, should also benefit this precious metal in terms of price. Looking at the past, when the gold price has gone up by one percent, silver could gain 1.4 percent. So, it could be worthwhile now to bet on mining companies that have silver in their projects.
There is MAG Silver - https://www.commodity-tv.com/ondemand/companies/profil/mag-silver-corp/ - with its 44 percent share in the Juanicipio silver mine in Mexico. This recently started commercial production. MAG Silver also owns three additional projects.
In Mexico, Discovery Silver - https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ - can enjoy its Cordero silver project, which is one of the world's largest silver deposits and is 100 percent owned by the company.
Current corporate information and press releases from MAG Silver (- https://www.resource-capital.ch/en/companies/mag-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/
Silver accounts for the second-largest share of the cost of solar modules in demand. And newer technologies could increase silver's share in the photovoltaic industry in the near future. The demand for silver for solar technology is a relatively new factor and one that continues to grow. While silver demand was subdued between 2017 and 2021, this has changed as a result of energy transition efforts. The Inflation Fighting Act and REPowerEU are increasing demand for green energy. This is because the main objectives of REPowerEU include reducing fossil fuels and increasing the use of renewable energy.
The price of silver is closely linked to the price of gold; if the price of gold rises, so does the price of silver. In this context, experts assume that the price increases for silver will be higher than for gold - thanks to the energy transition. Gold is more in demand as a safe haven, but last year private investors made strong gains in silver. Institutional investors were not so fixated on silver in 2022, but perhaps there will also be more demand from this area in the current year.
In the gold price, many analysts and industry experts expect new price highs this year, so this, together with the industrial demand for silver, should also benefit this precious metal in terms of price. Looking at the past, when the gold price has gone up by one percent, silver could gain 1.4 percent. So, it could be worthwhile now to bet on mining companies that have silver in their projects.
There is MAG Silver - https://www.commodity-tv.com/ondemand/companies/profil/mag-silver-corp/ - with its 44 percent share in the Juanicipio silver mine in Mexico. This recently started commercial production. MAG Silver also owns three additional projects.
In Mexico, Discovery Silver - https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ - can enjoy its Cordero silver project, which is one of the world's largest silver deposits and is 100 percent owned by the company.
Current corporate information and press releases from MAG Silver (- https://www.resource-capital.ch/en/companies/mag-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/
