Gold and silver prices with room to rise

It seems that some investors are still waiting for the silver price to break out before entering the market. This is the view of the chief market strategist at MarketGauge. "When buyers buy strength, it is the beginning of a larger upward movement," says the chief strategist. The silver price has not yet reached its long-term high, even though it has recovered significantly since the beginning of April. Silver currently costs a good 34 US dollars per ounce. Chart technicians see this as an opportunity for the price of the precious metal to continue its rally. Prices of USD 37 or 38 per ounce would then soon be possible and USD 40 should only be a matter of time. Overall, both the silver and gold markets should still have plenty of room to rise. Silver is attracting more and more attention, even if there are still some doubters.

In any case, the gold-silver ratio could soon make silver shine. Both precious metals seem to want to rise, so it won’t take much to spark price increases. A signal from the Fed regarding an interest rate cut alone could drive interest in gold and silver. And there are numerous voices that see the Fed cutting interest rates sooner rather than later. A weakening economy would prompt the central bank to cut interest rates, even if inflation remains high. If interest rates fall, this will increase industrial demand for silver. Compared to gold, silver would then probably even be a better inflation hedge. However, gold is always an important monetary asset. A further probable fall in the US dollar is positive for the price development of both precious metals. Mining companies that have gold and silver in promising projects are Sierra Madre Gold and Silver and Fortuna Mining.

Fortuna Mininghttps://www.commodity-tv.com/ondemand/companies/profil/fortuna-mining-inc/ – is a successful gold and silver producer. The mines are located in Latin America and West Africa.

Sierra Madre Gold and Silverhttps://www.commodity-tv.com/ondemand/companies/profil/sierra-madre-gold-silver/ – commenced production at its Guitarra project in Mexico earlier this year. The first quarter yielded a pleasing production of more than 165,000 ounces of silver equivalent.

Current company information and press releases from Fortuna Mining (- https://www.resource-capital.ch/en/companies/fortuna-mining-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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