Press Release
Silver Prices Surging How Market Conditions Are Affecting The Price Of Silver
–News Direct–
By Anthony Termini, Benzinga
Precious metal prices are significantly influenced by investor sentiment, much like stocks and bonds. This can lead to routine price fluctuations, sometimes large and erratic, where the volatility can create both challenges and opportunities for investors.
A comparison of price movements in gold (represented by the SPDR Gold Shares ETF (NYSE: GLD)) and silver (represented by the Silver Benchmark Index (CME: SGICSIB)) since last May reveals two key insights.
First, gold and silver prices are closely correlated. Second, silver prices exhibit greater volatility than gold prices, with more pronounced price swings in both directions. While daily price swings can be unnerving for investors, they can also create trading opportunities, offering the potential for higher returns for investors that are aware of the volatility.
A Hedge Against Uncertainty And Inflation
Precious metals have long been viewed as a hedge against inflation and used to preserve wealth during times of economic or geopolitical instability. History has demonstrated the correlation, with gold and silver prices often surging in response to crises and turmoil. The price of gold doubled in less than five years from $272/oz in August 2001 to $549/oz in January 2006 following the September 11th terrorist attacks. Similarly, gold rallied during and after the 2008 global financial crisis, and most recently, the Israel-Hamas war has exacerbated geopolitical tension, further driving up demand for the yellow metal.
Silver has also historically offered advantages even during economic uncertainties. According to the Silver Institute, when markets go into risk off mode (i.e., decline), silver is seen as a relatively safe and inexpensive investment that has typically delivered positive returns. Yet under normal circumstances of economic expansion, silver exhibits a positive correlation with stock market performance as reflected in its relationship with indices such as the S&P500. This demonstrates the metals dual nature, as industrial consumption accounts for more than half of the silver demand, according to the World Silver Survey 2023.
Surging Industrial Demand for Silver
The transition towards a more sustainable future and the growth of clean energy technologies have positioned silver as a critical component in numerous industries. Sectors such as electric vehicles, green energy infrastructure, and consumer electronics, all rely heavily on silver for its unique properties and applications.
The increasing adoption of electric vehicles and the expansion of charging infrastructure will further drive the demand for silver, as it plays a crucial role in the manufacturing of batteries and electrical components.
Furthermore, photovoltaic cells, used in solar panels, require significant amounts of silver for their efficient operation. Additionally, silver's exceptional electrical conductivity and durability make it an essential material in the production of wind turbines and other renewable energy systems.
The continued growth of these industries could boost demand and support higher silver prices. This positions silver as an attractive investment opportunity, especially given its historical performance as a hedge against inflation and economic uncertainties
While the demand for silver is expected to surge, the supply side may struggle to keep pace. According to Sprott, a global investment manager specializing in precious metals, supply will not keep up with growing demand as we do not see enough projects in development to generate the kind of production levels in question.
Investors looking to capitalize on that potential upside in silver prices may want to consider mining companies that offer significant silver exposure. These companies, which are directly involved in the exploration, extraction, and production of silver, can provide a direct avenue for investors to gain exposure to the underlying commodity.
What Are Some Investment Plays In Silver?Silvercorp Metals Inc. (AMEX: SVM)
Vancouver, Canada-based Silvercorp Metals Inc. (AMEX: SVM) is a silver producer with an 18-year track record of profitable operations and consistent growth. In its most recent quarter, silver accounted for 59% of total revenue one of the highest among its peer group of silver miners.
In fiscal year 2023, Silvercorp produced 6.6 million ounces of silver at an all-in sustaining (AISC) cost of $9.73/oz, net of by-products. This low production cost translates into industry-leading profit margins, enabling the company to build a strong balance sheet with approximately $198 million in cash (and no debt) without external financing. While Silvercorp's single-jurisdictional focus has led to undervaluation in the current market, the company is exploring strategic acquisitions to broaden its scope and address this perception.
In April, Silvercorp announced a friendly deal to acquire Adventus Mining Corp. (OTC: ADVZF) in an all-stock transaction worth around $146 million. Adventus flagship asset is the permitted, high-grade El Domo copper-gold project in Ecuador. This acquisition offers a potential for re-rating, driven by increased scale, a significantly enhanced growth profile, and the establishment of a presence in an emerging, mining-friendly jurisdiction.
Pan American Silver Corp. (NYSE: PAAS)
Pan American Silver Corp. (NYSE: PAAS ) operates silver and gold mines in North, Central and South America. The company is one of the largest silver producers globally but has a high AISC profile almost twice that of Silvercorp.
Pan American is actively divesting its non-core assets. Recently, the company agreed to sell its La Arena project in Peru to Zijin Mining. The deal includes an upfront cash payment of $245 million and a $50 million future contingent payment.
New Pacific Metals Corp. (AMEX :NEWP)
New Pacific Metals Corp. (AMEX: NEWP) may be a more speculative play as a development-stage company than the other established silver producers. However, New Pacific owns promising mineral assets in Bolivia, and its flagship Silver Sand project is ranked among the top undeveloped silver projects in the world. In 2023, a Preliminary Economic Assessment (PEA) outlined a post-tax Net Present Value (5% discount) of $726 million and an Internal Rate of Return of 39%.
Their other project, Carangas, could be even bigger, with a PEA expected to be released later this year, further cementing the companys value. As of Mar. 31, this year, New Pacific had around $25 million in working capital, providing ample resources to continue advancing their projects.
Investors in exploration companies can realize substantial returns once the market recognizes the value of the project or if they are acquired by larger players. Other industry peers have shown interest in New Pacific as the company is backed by both Silvercorp (which owns a 27% stake) and Pan American, the latter of which recently increased its stake to 12%."
Endeavour Silver Corp. (NYSE: EXK)
Endeavour Silver Corp (NYSE: EXK) is an established silver miner with operations in the United States, Mexico and Chile. In 2023, the company produced 5.6 million ounces of silver at an AISC of US$22.93/oz net of by-products, with silver accounting for more than half of the revenue mix.
As the global economy navigates through uncertainties and potential headwinds, precious metals may continue to shine as a compelling investment opportunity. By understanding the economic drivers and market sentiment influencing these commodities, investors can position themselves to capitalize on the potential upside while mitigating risks through diversification.
Featured photo by Geizkragen69 on Pixabay.
Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.
This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.
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View source version on newsdirect.com: https://newsdirect.com/news/silver-prices-surging-how-market-conditions-are-affecting-the-price-of-silver-904049082
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Champ, is that you?
Since the 1600’s, tales of a mysterious sea serpent named Champ, named after explorer Samuel de Champlain, have been part of the folklore of the Lake Champlain region. The lake borders New York and Vermont. Champlain and the Abenaki tribe were the first sightings of Champ in the historical record.
Champ remained elusive. The only notable visual evidence was a photo taken in 1977 by Sandra Mansi.
Until now. For the first time in history, a video that allegedly captures the legendary lake monster on film is being hailed as the “most notable visual evidence” of Champ. Some compare it’s impact to the Patterson-Gimlin film impact on the Bigfoot cryptozoology community.
Independent filmmakers Kelly Tabor and Richard Rossi were shooting a fictional film ‘Lucy and the Lake Monster’ about a 9-year-old girl and her grandfather looking for Champ, a legendary lake monster rumored to live and lurk in the murky waters of Lake Champlain. The film is based on their bestselling book of the same title.
As part of their shoot, their cameraman sent a drone above the lake in Bulwagga Bay, and what they saw in post-production stunned them.
They posted ten seconds of what is now known as the Tabor-Rossi footage on YouTube and 36,000 views later, it has provoked discussion and debate about what appears to some to be a plesiosaur swimming below the lake’s surface, behind a boat containing the two lead actors in their film, Emma Pearson and Richard Rossi. The footage of the plesiosaur can be seen here: https://www.youtube.com/watch?v=Dkpzfqlt3PI.
(Plesiosaurs are a sea creature from the dinosaur-dominated Mesozoic era.)
Tabor and Rossi’s recent interview on the Cryptid Creature podcast was posted on Spotify. The duo submitted their footage and story for assessment by the two hosts, Todd Stevens and Brian Brock. Stevens eloquently summed up his conclusion, affirming the veracity of the footage.
“The creature is bigger than the boat, fifty yards behind the boat, Stevens said. “It has a plesiosaur body. It is not sturgeon, or multiple sturgeon. It is one large body moving.” The entire Cryptid Creatures interview with Tabor and Rossi can be heard here: https://play.cdnstream1.com/s/streamkastplus/cryptid-creatures/the-lake-champlain-monst-5a5bbe
Tabor first spotted the creature in the footage, editing on her large screen T.V. “It’s poetic that Kelly saw it first,” Rossi said. “She has been looking for Champ for over fifty years.” Tabor grew up in a cabin on Lake Champlain in Crown Point, New York.
“We inadvertently caught this on camera,” Tabor said. “We weren’t trying to.”
If Kelly Tabor is the true believer of the screenwriting team, her writing partner Richard Rossi is the Doubting Thomas, insisting on the footage being evaluated by scientists with a doctorate in science and to prepare a report for peer review in 2025.
“I’m the more skeptical one compared to Kelly,” Rossi said. “But there’s definitely something there.”
The filmmaking crew was so busy filming the movie, they didn’t catch the anomaly in the footage until later, in the post-production editing stage.
Multiple versions of their footage are now on Pinterest and YouTube as cryptozoologists use their tech savvy to zoom in on the Champ image, and use coloring to do morphological enhancements and evaluations.
The Tabor-Rossi Champ footage is incorporated into their fictional film, ‘Lucy and the Lake Monster,’ at about the four-minute mark of the film. The movie has screened in theaters in New York, New Jersey, Vermont, Pennsylvania, California, and South Carolina. This month, it won 12 awards in film festivals. It will be released on DVD and streaming next year.
“As filmmakers, our primary focus is on the art form itself. We don’t respond too much to the debate around the footage,” Rossi said. “We try to focus on doing the best job we can in our screenwriting, acting, cinematography, and music. It’s nice that Champ has blessed us with the benefits of headlines that let people know about our book and the film, but at the end of the day, our focus is on showing the film and writing the next sequel. Champ has been a great publicist.”
“Champ is also one of the biggest stars in our new film,” Tabor added.
Media Contact:
Reporter Christy Collins
richardrossilive@gmail.com
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Since its inception in February 2023, Barracuda Coin has been preparing for a highly anticipated launch, positioning itself as a prominent player in both the cryptocurrency and sports sectors. Backed by significant sponsorship deals with numerous sports events, Barracuda Coin is poised to make an impactful entrance into the crypto space, aligning itself with the competitive energy of professional sports.
Ethereum-Based Token with a Strong Focus on Sports
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Investors are encouraged to participate in the reservation phase to secure tokens at the lowest price and maximize staking rewards. For more information, visit https://barracuda-coin.io/
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