In terms of price, the laggard silver lags behind big brother gold, not for the first time. Gold has risen in price, but silver has not risen in price more than gold this time. To be sure, silver may not be as significant an investment precious metal as its big brother. But for one thing, a supply deficit is predicted for the current year (Silver Institute), and for another, silver’s importance is growing in key industries. Silver is used in the battery sector, in renewable energies, for example in solar cells, and in many increasing industrial applications. In the short term, experts tend to foresee a further decline in the price of silver, as the next support is only at around 18 U.S. dollars per troy ounce, after the price has fallen below 21 U.S. dollars. But in the longer term, silver should benefit from the increase in the above-mentioned areas. Higher silver prices are therefore extremely likely in the medium to long-term range. Here, patience is probably still required from investors.

If we take the solar industry as an example, the demand for corresponding products is constantly increasing here. Although the quantities of silver used in solar cells are not that large, calculations show that by 2027 the solar industry will consume around 20 percent of the annual silver supply. And by 2050, that amount is expected to continue to grow. Already in 2021, the photovoltaic industry needed a record of more than 113 million ounces of silver. The use of silver wires cannot be replaced by other materials, such as copper, even to date. Silver simply has excellent properties. Among silver companies, there are also excellent candidates, such as Discovery Silver or Vizsla Silver.

Discovery Silver – https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ – owns the Cordero silver project in Mexico. This is 100% owned by the company and it has a positive preliminary feasibility study.

Vizsla Silver – https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ – owns the flagship Panuco project in Mexico. Drilling results are excellent.

Latest corporate information and press releases from Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -) and Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-corp/ -).

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