Gold's little brother is set to grow
A troy ounce of silver currently costs around 34 US dollars. But there should still be plenty of upside potential.
(PresseBox) - The fact that silver is overshadowed by its big brother gold is not justified. In 2011, the price of silver reached a high of 44.25 US dollars per ounce. Now the precious metal could start a race to catch up. Firstly, there is the seasonality. From January and especially from the end of March to mid-April, the silver price usually performs strongly. Over the past ten years, an average gain of more than six percent has been achieved during this period. This is usually followed by a correction until June, when the price tends to rise again until the end of the year.
The gold-silver ratio is very high at around 90 (i.e. one ounce of gold for 90 ounces of silver). The average ratio is around 70, which suggests that silver is undervalued. The silver price usually follows the gold price, which also speaks in favor of higher silver prices. Added to this is the expected supply deficit this year - for the fifth year in a row, according to the Silver Institute. Unlike gold, its little brother is more affected by price fluctuations. This is because the precious metal is dependent on industrial demand. However, silver is an important raw material for many future sectors.
It is essential in high-tech areas and shines in the electronics industry with its electrical conductivity. The solar sector is a major consumer, as is the booming electromobility sector, which consumes significantly more silver than the combustion engine sector needs. Wind turbines, the medical sector and the field of artificial intelligence are also dependent on silver. So, before the silver price takes off, investors should take a look at silver companies such as Endeavour Silver or Discovery Silver
Endeavour Silver - https://www.commodity-tv.com/ondemand/companies/profil/endeavour-silver-corp/ - is already a medium-sized precious metal producer and has projects in Mexico, Nevada and Chile. An estimated 4.5 to 5.2 million ounces of silver and 30,500 to 34,000 ounces of gold are to be produced in 2025. The Terronera project is nearing completion
Discovery Silver - https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ - has solid silver and silver-zinc-lead projects in Mexico. The Cordero project is one of the world's largest silver resources with a reserve of more than 300 million ounces of silver. The company has just acquired Newmont's Porcupine mine and is therefore also focusing on gold.
Current company information and press releases from Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-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/.
Unternehmensinformation / Kurzprofil:
Datum: 02.04.2025 - 16:03 Uhr
Sprache: Deutsch
News-ID 719883
Anzahl Zeichen: 4858
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Contact person: Jörg Schulte
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"Gold's little brother is set to grow"
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