This year, industrial demand for silver is expected to reach a new record of 1.2 billion ounces. Meanwhile, supply is estimated at around 1 billion ounces, setting the stage for a growing deficit. A supercycle for silver could be on the horizon, as technological innovations continue to emerge. Currently, technical analysts see the potential for silver prices to resume their long-term upward trend after breaking above $31.53 per ounce.
Bridging the gap between supply and demand is no easy task. New mining projects require significant time to develop, and the imbalance between demand and supply could persist for a long time. Silver projects that successfully address challenges such as environmental requirements and are located in favorable mining regions should hold a competitive advantage.
Discovery Silver – https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ – owns the exceptional Cordero Project, with reserves of approximately 302 million ounces of silver. It is one of the largest silver development projects in the world.
Also based in Mexico, Vizsla Silver – https://www.commodity-tv.com/play/vizsla-silver-straight-ahead-towards-production-updated-resource-coming-in-early-2025/ – is advancing its promising Panuco gold-silver project, which is expected to produce more than 15 million ounces of silver equivalent annually.
For current corporate updates and press releases, visit Vizsla Silver (- https://www.resource-capital.ch/de/unternehmen/vizsla-silver-corp/ -) nd Discovery Silver (- https://www.resource-capital.ch/de/unternehmen/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.
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