The amount of bad economic news generated lately can seem almost overwhelming to investors looking to preserve their wealth.
Gas prices are soaring while stock market share prices and cryptocurrency values are plummeting.
At the same time, mortgage interest rates are spiking, and fears of a recession are hitting new heights.
One can’t blame investors for looking for safe havens amidst these economic conditions.
And when economic conditions get as turbulent as they are now, most investors look toward gold and silver.
These have long been considered the top safe-haven investments and are typically the best bets to maintain or even increase value in times like these.
So with that in mind …
Could Silver Soon Reach $100?
First Majestic Silver’s CEO Keith Neumeyer recently told Investing News that he expects silver to reach US$130 per ounce ultimately. The silver price was $21.62 on June 22, according to monex.com.
While not as bullish on silver as Neumeyer, David Morgan of the Morgan Report also sees an increase in silver’s future. He told Investing News in February 2022 that he expects silver to reach US$50 “in the short term.”
One of the things that could really push the price of silver higher in the coming months and years is its increasing industrial use. Silver is considered a necessity in many appliances, from solar panels to electronics to computers.
That increasing industrial demand coincides with decreased production of the white metal. That means to meet the rising demand for the precious metal in the future, some current “under-the-radar” silver miners will likely need to step up, creating a unique opportunity for investors.
Here are three little-known microcap silver miners to keep an eye on should the popularity and value of silver spike.
- IMPACT Silver Corp. (OTCMKTS: ISVLF) – Current Price 0.24 USD, Market Cap 46.50 Million CAD (June 22)
This Canadian silver exploration and development company has key projects in Mexico that are well-funded. The company also boasts a strong management team that has extensive experience in the silver mining industry.
- Santacruz Silver Mining Ltd. (OTCMKTS: SZSMF) – Current Price 0.25 USD, Market Cap 111.44 Million CAD (June 22)
This company owns several projects in Mexico, including the Veta Grande Project, considered one of the country’s largest silver deposits.
- Silvercorp Metals Inc. (SVM) – Current Price 2.74 USD, Market Cap 479.83 Million USD (June 22).
A recent analysis here called this company, which supplies silver to China’s growing green energy sector, “an inspired choice for value investors, as it is hard to beat its incredible line up of statistics ….”
Featured Image: DepositPhotos © ras-slava
