Silver price has potential

Even though there is a certain volatility inherent in the silver price, silver is coming more into the focus of many investors. The uncertainties caused by the pandemic, which has not yet come to an end, persist. Looking at today's silver price, which is around $24 per troy ounce, the question of interest is what the highest price for the precious metal was. In the late 1970s, an ounce of silver cost US$48.70 and that remains the highest price of silver today. However, the high price came about because the Hunt brothers, two well-heeled traders tried to corner the market by buying silver futures and physical silver.

The Hunt brothers' activities ended with the price of silver plummeting to eleven US dollars in March 1980. Another high silver price was seen in 2011, when a troy ounce of silver cost $47.94. Currently, the price of silver has been and continues to be buoyed by the Corona pandemic. Last August, it tested the $30 mark. By August 2021, silver prices had fallen to US$23, but market watchers are eagerly awaiting the uptrend. Rising investment interest and supply bottlenecks in the industry can quickly help the price of the precious metal up sharply. For example, David H. Smith, analyst at the Morgan Report, predicted a possible silver price of over 50 US dollars per ounce for this year.

A look at silver companies should not be missing. Summa Silver or Ridgeline Minerals could help here.

Summa Silver - https://www.youtube.com/watch?v=b32Hz0gSSvo - may acquire a 100% option on the Hughes property in Nevada (former Belmont Silver Mine) and the Mogollon property in Mexico.

Ridgeline Minerals - https://www.youtube.com/watch?v=dKnSLrRIT8g - has four prospective projects (Carlin East, Bell Creek, Swift, Selena) in the Carlin and Battle Mountain-Eureka trends in Nevada with gold and silver commodities.

Current company information and press releases from Summa Silver (- https://www.resource-capital.ch/en/companies/summa-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/

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