Silver consumption in industry at new high in 2021

Not just the industry, silver demand is up in every major area of silver use. Physical silver investment is forecast to reach a six-year high in 2021, according to Philip Newman, managing director of Metal Focus. This represents a 32 percent increase (64 million ounces of silver) over the previous year. The USA and India are primarily responsible for this.

Demand for U.S. coins and bars is likely to exceed 100 million ounces for the first time. Total demand from all sectors combined is a record 1.029 billion ounces of silver. This is the first time that total demand has exceeded one billion ounces of silver since 2015.

The new peak in industrial demand, 524 million ounces of silver, is particularly due to the expected increase in the photovoltaic sector. It shows the important role of silver in the green energy sector. Also, an area that provided increased demand is the brazing and solder sector, as the housing and construction sectors have recovered in the past year. So, there is a healthy upward trend in silver demand. In exchange-traded products, the total for 2021 is indicated at 1.15 billion ounces. Over the last three years, this is a huge increase from the total of 564 million ounces.

Diversification is necessary to keep a portfolio on a sound footing, and silver mining stocks should not be left out. 

Denarius Silver - https://www.youtube.com/watch?v=qF5UyeDX-Rs&t=79s - is currently drilling at the Lomero project in Spain and the Guia Antigua project in Colombia. 

Discovery Silver - https://www.youtube.com/watch?v=RE4NW38dwzs - has measured and indicated resources of 910 million silver equivalent ounces at its main Cordero project in Mexico.

Current corporate information and press releases from Denarius Silver (- https://www.resource-capital.ch/en/companies/denarius-silver-corp/ -) and Discovery Silver (- https://www.resource-capital.ch/en/companies/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.

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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