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Silver optimism

Energy turnaround creates strong outlook for silver demand

(PresseBox) (Herisau, )
Not only this year, but also in the coming years, investments will increasingly flow into climate change. This is due to the pandemic and the Russia-Ukraine war. The strong global growth in demand for electric vehicles will significantly boost silver consumption. Thanks to its high conductivity and ductility (silver can deform plastically under heavy load before breaking), silver ensures efficiency in electromobility and also new production materials. There are about 25 to 50 grams of silver in an electric car. Members of the European Parliament have just approved a draft law - no more sales of new combustion cars from 2035 in the EU. This decision is probably the definitive sign of the turnaround to electromobility.

The photovoltaic industry is another important consumer of silver. Due to increasing demand, the silver price should benefit from supply shortages. In 2021, the industry grew by 13 percent. Physical demand for silver coins and bars is rather volatile. After all, it was 36 percent higher last year than the year before. In terms of price, silver is likely to be historically undervalued compared with gold and is gaining in attractiveness as an investment. From a fundamental perspective, analysts suspect that in the longer term supply will not be able to keep pace with demand. There has also been a physical deficit in the silver market since 2019. That's where investing in companies with silver, such as MAG Silver or Chesapeake Gold, would be an idea. MAG Silver - https://www.youtube.com/watch?v=mtGsZHUDlbo&t=20s - has already been mining material at the Juanicipio project in Mexico since late 2020. Its partner is Fresnillo. Chesapeake Gold - https://www.youtube.com/watch?v=ZQHD1y5fPuk&t=4s - has gold and also silver in its projects, which are located in North and South America. The flagship project is the Metates project.

Current company information and press releases from MAG Silver (https://www.resource-capital.ch/...)

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.

Disclaimer: The information provided does not constitute any form of recommendation or advice. Express reference is made to the risks involved in securities trading. No liability can be accepted for any damages arising from the use of this blog. I would like to point out that shares and especially warrant investments are fundamentally 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 a mistake, especially with regard to figures and prices. The information contained is taken from sources that are considered reliable, but in no way claim to be correct or complete. Due to judicial decisions the contents of linked external pages are to be answered for (so among other things regional court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external pages. The respective operators are exclusively responsible for their content. The
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.