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According to Mining Visuals Silver deficit is expected of 118 million ounces. At the same time strong industrial demand - driven by solar, electronics and green technologies.
Historically, mining stocks outperform the growth rates of the metals themselves. This hypothesis is confirmed by the fact that, starting in 2024, ETF SIL (silver miners) has outperform the metal itself.
From a technical point of view, ETF SIL has emerged from a long-term consolidation and there is a high probability of growth to the $80.
According to Mining Visuals Silver deficit is expected of 118 million ounces. At the same time strong industrial demand - driven by solar, electronics and green technologies.
Historically, mining stocks outperform the growth rates of the metals themselves. This hypothesis is confirmed by the fact that, starting in 2024, ETF SIL (silver miners) has outperform the metal itself.
From a technical point of view, ETF SIL has emerged from a long-term consolidation and there is a high probability of growth to the $80.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.