What's next for the silver price?

Last year, the average price was US$25.14 per troy ounce of silver. Climate change is one factor that will ensure rising silver demand in the industry. In addition to wind and solar energy, increasing sensor technologies and connectivity applications need more and more silver. This is especially true in the area of electric cars and autonomous driving. Because here, at any rate, development is moving forward. For example, at the end of April, China approved robot cabs for the first time without a human in the driver's seat for safety. Now, in this new project in Beijing, the "overseer" only sits in the passenger seat.

Autonomous driving shines on a number of points. Driving is cleaner, more environmentally friendly and faster. Researchers have already been able to show that a fleet of autonomous vehicles, controlled by artificial intelligence, can navigate traffic light intersections in such a way that the light is green and traffic flows smoothly. This in turn reduces emissions and fuel consumption, and it also improves average driving speed. According to the researchers' calculations, a penetration of just 25 percent autonomous vehicles would be enough to achieve 50 percent of the benefits that would exist with 100 percent autonomous driving. Autonomous driving is just one of many examples where silver is needed. And applications in promising technologies are growing. From an investor's perspective, skyrocketing global prices and high inflation should provide stronger upside for the price of silver. Those looking to bet on silver should look at MAG Silver or Discovery Silver. 

MAG Silver - https://www.youtube.com/watch?v=DHxF_-3tU1c - is successfully working with partner Fresnillo on the Juanicipio project in Mexico. Mineralized material has been mined underground since the end of 2020. 

Discovery Silver - https://www.youtube.com/watch?v=TNc9Z3i4NVY - owns the flagship Cordero project in Mexico, Chihuahua. It is an immensely large silver deposit.

Current corporate information and press releases from MAG Silver (- https://www.resource-capital.ch/en/companies/mag-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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