Similar to gold, not enough silver is currently mined to meet annual demand.
These calculations do not include recycling. In 2021, demand for silver was 1049 million ounces. Mined were 997.2 million ounces. According to the Silver Institute forecasts, the current year will bring record demand for the precious metal, which is also called the little brother of gold. The deficit in 2022 is estimated to be twice as large as the deficit in the previous year. Silver mine production is expected to grow by only one percent in 2022 compared to 2021. What will continue to grow, however, is the demand for silver, such as from the automotive industry. Electronic parts in vehicles often contain silver, and electric vehicles need around twice as much silver as conventional vehicles. Then there is the charging infrastructure, which also gobbles up silver. Another important growth area is 5G technology. Silver jewelry and silver goods are also expected to increase over the counter.
In 2022, institutional demand for silver was not as strong in view of rising interest rates and led to a decline in silver ETF holdings. However, this was more than offset by an increase in physical investment activity. Demand from India almost doubled this year. Looking at the gold-silver ratio, it is currently around 76, meaning that 76 ounces of silver are needed to buy one ounce of gold. The average ratio is between 40 and 50, so silver is undervalued. Silver inventories in London, one of the world's largest silver stocks, have fallen significantly this year. However, you can also bet on silver with the stocks of silver companies.
For example, with Summa Silver - https://www.commodity-tv.com/play/mining-newsflash-with-canagold-resources-condor-gold-summa-silver-and-calibre-mining/ -, a company that has an interest in the Hughes property in Nevada and an option on the Mogollon property in New Mexico (both 100 percent owned) - both previously successful producing properties.
Discovery Silver - https://www.commodity-tv.com/play/mining-newsflash-with-tier-one-silver-summa-silver-discovery-silver-and-canada-nickel/ - is drilling at its Codero silver project in Mexico. A positive pre-feasibility study has already been completed.
Current corporate information and press releases from Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-corp/ -) and Summa Silver (- https://www.resource-capital.ch/en/companies/summa-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/
These calculations do not include recycling. In 2021, demand for silver was 1049 million ounces. Mined were 997.2 million ounces. According to the Silver Institute forecasts, the current year will bring record demand for the precious metal, which is also called the little brother of gold. The deficit in 2022 is estimated to be twice as large as the deficit in the previous year. Silver mine production is expected to grow by only one percent in 2022 compared to 2021. What will continue to grow, however, is the demand for silver, such as from the automotive industry. Electronic parts in vehicles often contain silver, and electric vehicles need around twice as much silver as conventional vehicles. Then there is the charging infrastructure, which also gobbles up silver. Another important growth area is 5G technology. Silver jewelry and silver goods are also expected to increase over the counter.
In 2022, institutional demand for silver was not as strong in view of rising interest rates and led to a decline in silver ETF holdings. However, this was more than offset by an increase in physical investment activity. Demand from India almost doubled this year. Looking at the gold-silver ratio, it is currently around 76, meaning that 76 ounces of silver are needed to buy one ounce of gold. The average ratio is between 40 and 50, so silver is undervalued. Silver inventories in London, one of the world's largest silver stocks, have fallen significantly this year. However, you can also bet on silver with the stocks of silver companies.
For example, with Summa Silver - https://www.commodity-tv.com/play/mining-newsflash-with-canagold-resources-condor-gold-summa-silver-and-calibre-mining/ -, a company that has an interest in the Hughes property in Nevada and an option on the Mogollon property in New Mexico (both 100 percent owned) - both previously successful producing properties.
Discovery Silver - https://www.commodity-tv.com/play/mining-newsflash-with-tier-one-silver-summa-silver-discovery-silver-and-canada-nickel/ - is drilling at its Codero silver project in Mexico. A positive pre-feasibility study has already been completed.
Current corporate information and press releases from Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-corp/ -) and Summa Silver (- https://www.resource-capital.ch/en/companies/summa-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/
