In October, the price of silver reached a twelve-year high of USD 34.90 per troy ounce. After the US election, the price of silver fell, as did the price of gold. Silver tracks the development of the gold price, although the two have different characteristics. In 2023, around 63% of the silver supply went to industry. The US election and the rather weak economic development in China are affecting industrial metals, including silver. Nevertheless, Metals Focus, for example, assumes that the price of silver could reach a high of around 38 US dollars in the first half of 2025.
This is because the world, which is experiencing climate change, needs silver, a lot of silver, especially China. At the same time, there is a persistent supply deficit for silver. The silver deficit for this year is estimated at 182 million troy ounces. Silver was in high demand in India in October. Year-on-year, sales rose by 20 to 25 percent. Presumably, the high gold price encouraged silver purchases. Another important consumer of silver is the photovoltaic industry, which continues to grow, and with it the demand for silver. The consumer electronics sector has also increased its demand for silver. Overall, the further development of the Chinese economy is likely to be a decisive factor because silver is an important industrial metal.
Record demand from industry is expected for the current year. Cars contain more and more silver, for example due to the increased installation of windshield de-icing systems. Electric vehicles contain significantly more silver than conventional cars anyway.
Endeavour Silver - https://www.commodity-tv.com/ondemand/companies/profil/endeavour-silver-corp/ - is one of the medium-sized silver producers that provide silver supplies. The projects are located in Mexico, Nevada and Chile. In Jalisco, Mexico, the company is now developing the Pitarrilla silver, lead and zinc project.
Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - is also active in Mexico. The promising Panuco gold-silver project is located there. Annual production of more than 15 million ounces of silver equivalent is expected.
Current company information and press releases from Endeavour Silver (- https://www.resource-capital.ch/en/companies/endeavour-silver-corp/ -) and Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-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/.
This is because the world, which is experiencing climate change, needs silver, a lot of silver, especially China. At the same time, there is a persistent supply deficit for silver. The silver deficit for this year is estimated at 182 million troy ounces. Silver was in high demand in India in October. Year-on-year, sales rose by 20 to 25 percent. Presumably, the high gold price encouraged silver purchases. Another important consumer of silver is the photovoltaic industry, which continues to grow, and with it the demand for silver. The consumer electronics sector has also increased its demand for silver. Overall, the further development of the Chinese economy is likely to be a decisive factor because silver is an important industrial metal.
Record demand from industry is expected for the current year. Cars contain more and more silver, for example due to the increased installation of windshield de-icing systems. Electric vehicles contain significantly more silver than conventional cars anyway.
Endeavour Silver - https://www.commodity-tv.com/ondemand/companies/profil/endeavour-silver-corp/ - is one of the medium-sized silver producers that provide silver supplies. The projects are located in Mexico, Nevada and Chile. In Jalisco, Mexico, the company is now developing the Pitarrilla silver, lead and zinc project.
Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - is also active in Mexico. The promising Panuco gold-silver project is located there. Annual production of more than 15 million ounces of silver equivalent is expected.
Current company information and press releases from Endeavour Silver (- https://www.resource-capital.ch/en/companies/endeavour-silver-corp/ -) and Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-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/.
