Silver supports the green revolution. Clean energy applications and global electrification efforts are devouring silver.
According to the Silver Institute, demand for silver caused by the solar industry grew by a whopping 158% between 2019 and 2023. The biggest player in this area is, how could it be otherwise, China. This year, the Middle Kingdom is expected to install around 240 to 260 GW in total. This means that China accounts for more than 90 percent of global panel deliveries. The supply of silver could become increasingly scarce. Mine production is not particularly strong, and ore grades are declining. In addition, primary silver production has been decreasing for years. Silver is mainly mined as a by-product of other metals. This means that production cannot simply be increased quickly. Silver stocks are still well filled but are emptying rapidly. It is therefore no wonder that the silver market has been in deficit for three years.
If there is even less silver in the warehouses, this is likely to have an impact on the price of the precious metal sooner or later. Not to mention that the precious metal cannot be replaced by other metals in many applications. And if industrial demand continues to drive record consumption of silver, particularly in the electrical and electronics sector, new record prices for silver are possible. Skeptics might argue that the overall demand for silver fell by around seven percent in 2023. However, this happened after the record year of 2022. One topic that could increase silver consumption in vehicles is solid-state batteries. However, this is still up in the air. What is certain is that the use of silver in industry will increase. Investors can bet on silver with stocks such as Endeavour Silver or Discovery Silver.
Endeavour Silver - https://www.commodity-tv.com/ondemand/companies/profil/endeavour-silver-corp/ - is a successful mid-tier silver producer with silver projects in Mexico, Nevada and Chile.
Discovery Silver - https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ - owns the excellent Codero project. The company's portfolio also includes other silver-zinc-lead projects in Mexico.
Current company information and press releases from Endeavour Silver (- https://www.resource-capital.ch/en/companies/endeavour-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/
According to the Silver Institute, demand for silver caused by the solar industry grew by a whopping 158% between 2019 and 2023. The biggest player in this area is, how could it be otherwise, China. This year, the Middle Kingdom is expected to install around 240 to 260 GW in total. This means that China accounts for more than 90 percent of global panel deliveries. The supply of silver could become increasingly scarce. Mine production is not particularly strong, and ore grades are declining. In addition, primary silver production has been decreasing for years. Silver is mainly mined as a by-product of other metals. This means that production cannot simply be increased quickly. Silver stocks are still well filled but are emptying rapidly. It is therefore no wonder that the silver market has been in deficit for three years.
If there is even less silver in the warehouses, this is likely to have an impact on the price of the precious metal sooner or later. Not to mention that the precious metal cannot be replaced by other metals in many applications. And if industrial demand continues to drive record consumption of silver, particularly in the electrical and electronics sector, new record prices for silver are possible. Skeptics might argue that the overall demand for silver fell by around seven percent in 2023. However, this happened after the record year of 2022. One topic that could increase silver consumption in vehicles is solid-state batteries. However, this is still up in the air. What is certain is that the use of silver in industry will increase. Investors can bet on silver with stocks such as Endeavour Silver or Discovery Silver.
Endeavour Silver - https://www.commodity-tv.com/ondemand/companies/profil/endeavour-silver-corp/ - is a successful mid-tier silver producer with silver projects in Mexico, Nevada and Chile.
Discovery Silver - https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ - owns the excellent Codero project. The company's portfolio also includes other silver-zinc-lead projects in Mexico.
Current company information and press releases from Endeavour Silver (- https://www.resource-capital.ch/en/companies/endeavour-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/
