The demand for electricity is growing, in the USA and worldwide. Photovoltaic modules devour silver.
Gold has risen enormously in price. Although silver has also recently been able to catch up strongly, it has still lagged behind in the long term. This is shown by the high ratio of gold to silver prices, which is still well over 80. One reason is certainly that governments and central banks buy gold, but not silver. Nevertheless, the silver price is linked to the gold price. Therefore, silver also rises when gold rises in price. Silver is closely linked to economic activity due to its function as an industrial metal. In the context of the coming easing cycle, silver should perform well in terms of price.
Solar power generation is growing explosively. This is because it is now the cheapest form of electricity generation. Significant growth in demand for electricity is predicted for the USA in particular. And if it turns out, as some suspect, that the growth curve for solar energy will be even steeper, then silver will be in demand like never before. Even conservative forecasts predict that demand for solar power in 2030 will be three times higher than in 2022. And it is not least the use of artificial intelligence and more and more silver-intensive new technologies that are responsible for the increase in electricity demand.
If the price of silver rises sharply, mining companies benefit because their profits increase and the silver in the ground becomes more valuable. If you look at the price forecasts of various voices, many predict a price of between 25 and 35 US dollars per ounce of silver by the end of 2024 or mid-2025.
The silver companies include Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - with its Panuco silver-gold project in Mexico.
Endeavour Silver - https://www.commodity-tv.com/ondemand/companies/profil/endeavour-silver-corp/ - also owns silver projects in Mexico. There are also projects in Nevada and Chile. Silver production in the current year is expected to be between 5.3 and 5.8 million ounces of silver.
Current company information and press releases from Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -) and Endeavour Silver (- https://www.resource-capital.ch/en/companies/endeavour-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/.
Gold has risen enormously in price. Although silver has also recently been able to catch up strongly, it has still lagged behind in the long term. This is shown by the high ratio of gold to silver prices, which is still well over 80. One reason is certainly that governments and central banks buy gold, but not silver. Nevertheless, the silver price is linked to the gold price. Therefore, silver also rises when gold rises in price. Silver is closely linked to economic activity due to its function as an industrial metal. In the context of the coming easing cycle, silver should perform well in terms of price.
Solar power generation is growing explosively. This is because it is now the cheapest form of electricity generation. Significant growth in demand for electricity is predicted for the USA in particular. And if it turns out, as some suspect, that the growth curve for solar energy will be even steeper, then silver will be in demand like never before. Even conservative forecasts predict that demand for solar power in 2030 will be three times higher than in 2022. And it is not least the use of artificial intelligence and more and more silver-intensive new technologies that are responsible for the increase in electricity demand.
If the price of silver rises sharply, mining companies benefit because their profits increase and the silver in the ground becomes more valuable. If you look at the price forecasts of various voices, many predict a price of between 25 and 35 US dollars per ounce of silver by the end of 2024 or mid-2025.
The silver companies include Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - with its Panuco silver-gold project in Mexico.
Endeavour Silver - https://www.commodity-tv.com/ondemand/companies/profil/endeavour-silver-corp/ - also owns silver projects in Mexico. There are also projects in Nevada and Chile. Silver production in the current year is expected to be between 5.3 and 5.8 million ounces of silver.
Current company information and press releases from Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -) and Endeavour Silver (- https://www.resource-capital.ch/en/companies/endeavour-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/.
