In 2024, the price of silver reached several multi-year highs. Previously, it traded between 18 and 26 US dollars per troy ounce.

In 2024, the expected interest rate cuts by the Fed in particular had a positive impact on the price of silver. In 2020, the price of the precious metal doubled to almost USD 30 per ounce. It was a time when central banks and governments provided liquidity to counter the effects of the pandemic. Today, it is primarily the industry’s high demand for silver that is driving up the price. This is because silver is a high-tech metal. Investors have also recognized that silver investments can reduce portfolio risks and diversify – just like gold, silver is considered a safe haven. The metal benefits from geopolitical crises. And the current silver deficit increases the attractiveness of the precious metal, which has the well-known dual function. Other commodities usually only depend on one side of demand. Incidentally, silver ETFs have been around since 2008 and now account for more than one billion ounces of silver.

Silver is not only being used in the growing solar industry but is also scoring points with its properties in more and more industrial applications. However, the solar industry will remain a dynamic consumer of silver. For example, the efficiency of solar cells can be increased by adding silver, as it has good light absorption properties in solar cells. And, according to tests, it can suppress tin loss and improve defects. This should lead to the development of various solar cell technologies. The future therefore looks bright for a further rise in the price of silver. A development that will also benefit companies with silver in their projects.

There is Discovery Silverhttps://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ – with its silver and silver-zinc-lead projects in Mexico. The company’s Codero project in particular has immense silver resources.

Sierra Madre Gold and Silverhttps://www.commodity-tv.com/ondemand/companies/profil/sierra-madre-gold-silver/ – is targeting silver and gold in three projects, also in Mexico. The La Giutarra project is already generating income.

Current company information and press releases from Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-corp/ -) and Sierra Madre Gold and Silver (- https://www.resource-capital.ch/en/companies/sierra-madre-gold-and-silver-ltd/ -).

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/.

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