The price of silver has fallen slightly in recent weeks. However, many analysts remain positive.
Silver reached a new medium-term high of USD 32.51 per ounce (31.1 grams). Chart technicians still see the silver price within a bullish flag formation. It could therefore move upwards again. If the silver price breaks out of the flag formation, at around USD 31 per ounce, then it looks good for a new high to be reached. Analysts' opinions for the silver price until the end of 2024 or mid-2025 range from 25 to 35 US dollars per ounce.
There are also voices that see the silver price exploding. Silver has had an eventful history. The Hunt brothers' speculation drove the price of silver up to around USD 50 per ounce at the beginning of 1980. At that time, the stock exchange supervisory authority intervened and a dramatic fall in prices followed. The price of the precious metal fell or stagnated for around 20 years. A recovery began in the early 2000s. The price of silver is generally more volatile than the price of gold.
Around 50 percent of silver is in demand from industry, particularly from the electrical industry and the photovoltaic sector. Strong growth is forecast in the latter sector. In its role as an industrial metal, silver is of course fundamentally dependent on general economic developments, but also on interest rates, inflation and the price of gold. The European Central Bank has now cut interest rates, as has the Bank of Canada. This first interest rate cut is likely to be followed by others. The US Federal Reserve will also lower its key interest rate. This makes gold and silver more attractive. Together with the increasing use in the industrial sector, silver should shine, and with-it silver companies.
Discovery Silver - https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ - has silver-zinc-lead projects in northern Mexico, including the highly prospective Codero project, a world-leading silver project.
Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - impresses with its promising Panuco silver-gold project in Mexico.
Current company 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 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 reached a new medium-term high of USD 32.51 per ounce (31.1 grams). Chart technicians still see the silver price within a bullish flag formation. It could therefore move upwards again. If the silver price breaks out of the flag formation, at around USD 31 per ounce, then it looks good for a new high to be reached. Analysts' opinions for the silver price until the end of 2024 or mid-2025 range from 25 to 35 US dollars per ounce.
There are also voices that see the silver price exploding. Silver has had an eventful history. The Hunt brothers' speculation drove the price of silver up to around USD 50 per ounce at the beginning of 1980. At that time, the stock exchange supervisory authority intervened and a dramatic fall in prices followed. The price of the precious metal fell or stagnated for around 20 years. A recovery began in the early 2000s. The price of silver is generally more volatile than the price of gold.
Around 50 percent of silver is in demand from industry, particularly from the electrical industry and the photovoltaic sector. Strong growth is forecast in the latter sector. In its role as an industrial metal, silver is of course fundamentally dependent on general economic developments, but also on interest rates, inflation and the price of gold. The European Central Bank has now cut interest rates, as has the Bank of Canada. This first interest rate cut is likely to be followed by others. The US Federal Reserve will also lower its key interest rate. This makes gold and silver more attractive. Together with the increasing use in the industrial sector, silver should shine, and with-it silver companies.
Discovery Silver - https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ - has silver-zinc-lead projects in northern Mexico, including the highly prospective Codero project, a world-leading silver project.
Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - impresses with its promising Panuco silver-gold project in Mexico.
Current company 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 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/
