There are plenty of sectors that need and use silver. This includes the jewelry sector
(PresseBox) – As the renowned Silver Institute reports, US jewelers could achieve strong results in the silver jewelry sector. According to a survey, the majority were able to report increased sales in 2024, especially in the Christmas business. In addition, the highest sales margins can be achieved with silver jewelry. And sales of silver jewelry account for an average of 31 percent. Silver jewelry is mostly bought by women and mostly by the 20 to 40 age group. 92 percent of retailers expect sales of silver jewelry to grow. Silver is therefore not only popular as an investment in the form of coins and bars, but also as jewelry. The industrial sector consumes just over half of silver. This includes the electronics industry, the photovoltaic sector, but also the healthcare sector, as silver has antimicrobial properties. Other areas include nanotechnology, the manufacture of special semiconductors (smartphones, computers, for example), 5G and space technology. Semiconductors and electronic components require high-quality coatings during production. Silver helps here. For example, silver can also improve the lubrication of nanomachines. So-called super lubricants contain silver nanoparticles and ensure low friction and less wear.
Of interest to investors is the fact that the silver market is in deficit for the fourth year in a row. And silver consumption hit another record high in 2024. Taken together, this should ensure strong silver prices in the long term. Mining companies with silver in promising projects such as Vizsla Silver or Discovery Silver are therefore also coming into focus.
Discovery Silver – https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ – has the Codero project in Mexico. It has a reserve of 302 million ounces of silver.
Vizsla Silver – https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ – owns the formerly producing Panuco gold-silver project in Mexico.
Current corporate information and press releases from Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -) and Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-corp/ -).
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