The diversity of silver

Silver is ideal for printed circuit boards and contacts. The precious metal is also used in touchscreens and batteries. Because electronic devices are becoming smaller and smaller, demand for silver is increasing. Various sources, including the World Silver Survey, suggest that a large proportion of historical silver production has been lost, for example to landfill or scrapping. In the case of photovoltaic systems, it is assumed that the silver in these can be recycled at some point. Twenty years ago, around 368 million ounces of silver were produced per year. Today it is around 660 million ounces a year. Photovoltaic systems consume large quantities of silver, almost 200 million ounces a year. The global demand for portable devices and cell phones will also continue to rise. According to calculations, there are around 4.7 billion smartphones. Each contains approximately 306 milligrams of silver, which means that smartphones worldwide contain a total of around 1.4 tons or approximately 46.23 million troy ounces of silver.

Demand for silver jewelry has risen sharply in recent decades. Silver bars and coins are also popular. Silver used to be used in circulation coins. Before 1960, there was a large quantity of silver bars. Then came the demonetization of silver in the 19th century and early 20th century. The gold-based system prevailed, then came the fiat money system. Given the importance of silver to modern life, the precious metal and the mining companies that can extract it from the ground should not go out of fashion. Investors can take a look at MAG Silver or Skeena Gold & Silver, for example.

MAG Silver – https://www.commodity-tv.com/ondemand/companies/profil/mag-silver-corp/ – owns an interest in the successful silver and gold producing Juanicipio Silver Mine in Mexico in the Fresnillo Trend.

Skeena Gold & Silver – https://www.commodity-tv.com/ondemand/companies/profil/skeena-gold-silver-ltd/ – is developing the past-producing Eskay Creek gold-silver project in British Columbia’s Golden Triangle. The reopening of the previously producing Snip projects is also on Skeena Gold & Silver’s agenda.

Current company information and press releases from Skeena Gold & Silver (- https://www.resource-capital.ch/en/companies/skeena-resources-ltd/ -) and MAG Silver (- https://www.resource-capital.ch/en/companies/mag-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.

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