Silver Price – Silveracce 365 http://silveracce365.com/ Sat, 01 Oct 2022 01:41:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://silveracce365.com/wp-content/uploads/2021/06/icon-5.png Silver Price – Silveracce 365 http://silveracce365.com/ 32 32 Gold Silver Awards on Friday, September 30, 2022 in Maharashtra. https://silveracce365.com/gold-silver-awards-on-friday-september-30-2022-in-maharashtra/ Sat, 01 Oct 2022 01:41:02 +0000 https://silveracce365.com/gold-silver-awards-on-friday-september-30-2022-in-maharashtra/ Gold Silver Price Today: 10g of 22 karat gold was trading at Rs 46,400 today, while the price of the precious metal had closed above Rs 45,800 per 10g in previous trading due to corrections in international precious metals prices and a devaluation of the rupee. According to the Good Returns website, silver is selling […]]]>

Gold Silver Price Today: 10g of 22 karat gold was trading at Rs 46,400 today, while the price of the precious metal had closed above Rs 45,800 per 10g in previous trading due to corrections in international precious metals prices and a devaluation of the rupee. According to the Good Returns website, silver is selling for Rs 56,400 per kg. Silver was priced at Rs 55,000 per kg in previous trading. Gold jewelry prices vary across India due to excise taxes, government taxes and manufacturing fees.

According to Good Returns website, the price of 22k gold in Mumbai is Rs 46,400 per 10 grams. 50,620 per 10 grams 24k gold in Mumbai. In Pune, the price of 22k gold will be Rs 46,430 per 10 grams while the price of 24k gold will be Rs 50,650. 46,430 for 22k gold and 50,650 for 24k gold per 10 grams in Nagpur. The price of 24k gold in Nashik is Rs 46,430 while the price of 22k gold is Rs 50,650 per 10 grams. Silver price today is Rs 564 per 10 grams.

(Gold prices above are indicative and do not include GST, TCS and other taxes. Check with your local jeweler for exact prices.)

How do you check the purity of gold?

An app has been developed to check the purity of gold. Customers can check the purity of gold through this app “BIS Care App”. Also, with the help of this app, we can not only check the purity of gold, but also file complaints about it. If the license number, registration number and stamp number of the goods are found wrong, customers can claim it immediately through this app. The customer also receives immediate information about submitting a complaint via this app.

Analysis: How is the price of gold determined? What exactly are the influencing factors? Learn more!

999 is engraved on 24k pure gold.

916 is engraved on 22k pure gold.

875 is engraved on 21k pure gold.

750 is engraved on 18k pure gold.

585 is engraved on 14k pure gold.

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Gold Silver Awards on Thursday, September 29, 2022 in Maharashtra. https://silveracce365.com/gold-silver-awards-on-thursday-september-29-2022-in-maharashtra/ Thu, 29 Sep 2022 09:35:24 +0000 https://silveracce365.com/gold-silver-awards-on-thursday-september-29-2022-in-maharashtra/ Gold Silver Price Today: 10 grams of 22 karat gold were valued at Rs 45,800 today, while the price of the precious metal closed above Rs 45,800 per 10 grams in previous trading due to corrections in international precious metals prices and the devaluation of the rupee. According to the Good Returns website, silver is […]]]>

Gold Silver Price Today: 10 grams of 22 karat gold were valued at Rs 45,800 today, while the price of the precious metal closed above Rs 45,800 per 10 grams in previous trading due to corrections in international precious metals prices and the devaluation of the rupee. According to the Good Returns website, silver is selling for Rs 55,000 per kg. In previous trading, silver was priced at 55,400 rupees per kg. Gold jewelry prices vary across India due to excise taxes, government taxes and manufacturing fees.

According to Good Returns website, the price of 22k gold in Mumbai is Rs 45,800 per 10 grams. 49,970 per 10 grams 24k gold in Mumbai. In Pune the price of 22k gold is Rs 45,830 per 10 grams while the price of 24k gold is Rs 50,000. In Nagpur, the price of 22k gold is 45,830 rupees per 10 grams and the price of 24k gold is 50,000 rupees. The price of 24k gold in Nashik is Rs 45,830 while the price of 22k gold is Rs 50,000 per 10 grams. Silver price today is Rs 550 per 10 grams.

(Gold prices above are indicative and do not include GST, TCS and other taxes. Check with your local jeweler for exact prices.)

How do you check the purity of gold?

An app was developed to check the purity of gold. Customers can check the purity of gold through this app “BIS Care App”. Also, with the help of this app, we can not only check the purity of gold, but also file complaints about it. If the license number, registration number and stamp number of the goods are found wrong, customers can claim it immediately through this app. The customer also receives immediate information about submitting a complaint via this app.

Analysis: How is the price of gold determined? What exactly are the influencing factors? Learn more!

999 is engraved on 24k pure gold.

916 is engraved on 22k pure gold.

875 is engraved on 21k pure gold.

750 is engraved on 18k pure gold.

585 is engraved on 14k pure gold.

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Silver Price Prediction – Silver has another volatile session https://silveracce365.com/silver-price-prediction-silver-has-another-volatile-session/ Mon, 26 Sep 2022 14:22:00 +0000 https://silveracce365.com/silver-price-prediction-silver-has-another-volatile-session/ Technical analysis of the silver markets Silver markets initially fell during Monday’s trading session but found buyers underneath. At this point I think the market will continue to be very volatile and therefore you need to be very careful with your position size and get too aggressive on a given upleg. In fact, I think […]]]>

Technical analysis of the silver markets

Silver markets initially fell during Monday’s trading session but found buyers underneath. At this point I think the market will continue to be very volatile and therefore you need to be very careful with your position size and get too aggressive on a given upleg. In fact, I think this is a kind of fade the rally situation and hence it is likely that we will eventually drop to the $18 mark. The $18 mark is a big, round, psychologically significant number and an area we’ve bounced off of before.

If we break below $18, there is a high possibility that this market could drop to $15, maybe even $12. The 50-day EMA is flattening near the $19.42 level. This might offer a small near-term cap, especially as the $20.00 level is just above it and of course the downtrend line also comes into the picture.

Ultimately, this is a market that I believe is likely to see significant downside given enough time, largely due to the fact that there is a huge negative correlation between silver and the US dollar. The US dollar is not showing any real signs of easing anytime soon, so keep that in mind.

Demand for silver will almost certainly continue to fall as it is an industrial metal and we are on the verge of one of the worst slowdowns most of us will ever experience. As long as silver is so poised for growth, I don’t see how we’re going to recover for any meaningful length of time.

Silver price prediction video for 09/27/22

For an overview of all today’s economic events, see our economic calendar.

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Gatos Silver: Reserve Update Expected; Speculative Stock Buy (NYSE:GATO) https://silveracce365.com/gatos-silver-reserve-update-expected-speculative-stock-buy-nysegato/ Sat, 24 Sep 2022 05:35:00 +0000 https://silveracce365.com/gatos-silver-reserve-update-expected-speculative-stock-buy-nysegato/ be it introduction In July, I wrote an upbeat article on SA about Mexico-focused silver miner Gatos Silver, Inc. (NYSE:GATO), in which I said that I expect the stock price to return to around $10 levels at some point an updated mine plan and reserve estimate have been released. In August, Gatos Silver released strong […]]]>

be it

introduction

In July, I wrote an upbeat article on SA about Mexico-focused silver miner Gatos Silver, Inc. (NYSE:GATO), in which I said that I expect the stock price to return to around $10 levels at some point an updated mine plan and reserve estimate have been released.

In August, Gatos Silver released strong second quarter 2022 production results which I believe support the thesis that the errors in the reserve model are primarily related to zinc grade and not silver grade. The new life-of-mine plan is expected to be released before the end of October, and I expect it will act as a significant catalyst for the stock price. Let’s check.

Overview of the production results for the second quarter of 2022

In case you haven’t read my previous articles on Gatos Silver, here is a brief description of the deal. The principal asset is a 70% interest in a joint venture company that owns the Cerro Los Gatos polymetallic mine in Chihuahua State.

Cerro Los Gatos Mine

Gato’s silver

The mine started operations in 2019 and is projected to produce approximately 94.5 million ounces of silver, 108,000 ounces of gold, 1.2 million pounds of zinc and 585,000 pounds of lead over 11 years, according to the latest mine life plan. In my view the silver and zinc grades look high and the mine life is long for a silver mine.

Cerro Los Gatos LOM production

Gato’s silver

Looking at key financials, the mine has been projected to have an after-tax present value of $653.2 million using a discount rate of 5% (based on silver, zinc and lead prices of $18.99 per ounce, $1.09 per pound and $0.87 per lead). pounds over the lifespan of me). The present value attributable to Cerro Los Gatos was therefore $457.2 million.

Cerro Los Gatos Mine Map

Gato’s silver

In January 2022, Gatos Silver disclosed that there were errors in the technical report and that the Mineral Reserve’s metal grade could fall by 30% to 50%. The company’s share price has since fallen about 75%, but I think the market overreacted to the news as I expect the decline will mostly affect the mine’s zinc reserves. In my view, the second quarter 2022 production results for Cerro Los Gatos support this theory.

Gatos Silver stock price

Alpha wanted

Daily tonnage milled was down 8.4%, but that was expected as the mine was shut down for about two weeks following a blasting incident in late April. Nonetheless, Cerro Los Gatos achieved record quarterly lead and zinc production thanks to higher grades and improved recoveries. However, when we compare the H1 feedstock grades to those from the 2020 mine plan production plan, we can see that the zinc and lead grades are still below 20% and 16%, respectively, where they were expected. Silver grades, in turn, are 14% below the production plan.

Cerro Los Gatos Q2 2022 production

Gato’s silver

Cerro Los Gatos LOM production schedule

Gato’s silver

What I like most about the second quarter production results is that feedstock grades have improved for all metals, giving me optimism that the metal grade of the mineral reserve reduction will be close to 30% and not 50%. We will know soon as Gatos Silver announced that before the end of October 2022 it plans to announce updated mineral resources and mineral reserves as well as a new life-time plan for the mine.

What draws our attention to the mine’s financial performance was not looking good as sales fell 24% on low silver prices. In addition, manufacturing costs increased by 15% due to higher production, energy and consumable costs. Gatos Silver anticipates that electricity costs will decrease in the near future as Cerro Los Gatos transitions to a new contract that is 100% renewable. In addition, the mine will commission a new paste backfill facility in Q3 to replace the cemented rock backfill currently in use. The new facility will allow the Company to inject tailings directly into open cavities in the mine, reducing the volume of tailings placed at surface by approximately half.

Turning our attention to Gatos Silver’s balance sheet, I think things are looking good since it received a $10 million dividend from the JV company in July 2022. As of June, the JV company had $40 million in cash while Gatos Silver had $7 million in the bank. Gatos Silver was $13 million in debt at the end of July.

Looking at the risks to the bull case, I think there are two main risks. First, it is critical that silver prices recover in the coming months as the existing mine plan calls for declining silver grades through 2027. If silver prices don’t recover soon, there could be significant stock dilution here.

silver price

trade economics

Second, I may be wrong that the reduction in mineral reserve metal grade is primarily affecting zinc grade and not silver grade.

investor take-away

I believe Gatos Silver reported good production results for Cerro Los Gatos in Q2 2022 as feed grades for all metals improved significantly. They are still lower than the mine lifetime schedule, but the biggest difference is in the zinc content. I believe this further supports the thesis that the forthcoming reserve reduction will not materially affect silver grades.

Considering that the new mine life plan is expected to be released in about a month and that Gatos Silver is currently trading at less than 0.5 times after tax present value, I rate this plan as a speculative buy. I think risk-averse investors should avoid this stock for now.

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Gold Silver Awards on Wednesday, September 21, 2022 in Maharashtra. https://silveracce365.com/gold-silver-awards-on-wednesday-september-21-2022-in-maharashtra/ Wed, 21 Sep 2022 17:10:50 +0000 https://silveracce365.com/gold-silver-awards-on-wednesday-september-21-2022-in-maharashtra/ Gold Silver Price Today: 10 grams of 22k gold traded at 45,950 rupees today, while the price of the precious metal closed above 45,850 rupees per 10 gram in previous trading due to corrections in international precious metals prices and a devaluation of the rupee. According to the Good Returns website, silver is selling for […]]]>

Gold Silver Price Today: 10 grams of 22k gold traded at 45,950 rupees today, while the price of the precious metal closed above 45,850 rupees per 10 gram in previous trading due to corrections in international precious metals prices and a devaluation of the rupee. According to the Good Returns website, silver is selling for Rs 57,200 per kg. In previous trading the silver price was Rs 56,700 per kg. Gold jewelry prices vary across India due to excise taxes, government taxes and manufacturing fees.

According to Good Returns website, the price of 22k gold in Mumbai is Rs 45,950 per 10 grams. 50,130 per 10 grams 24k gold in Mumbai. In Pune, the price of 22k gold will be 45,980 rupees per 10 grams, while the price of 24k gold will be 50,130 rupees. In Nagpur, the price of 22k gold is Rs 45,980 per 10 grams and the price of 24k gold is Rs 50,130. The price of 24k gold in Nashik is Rs 45,980 while the price of 22k gold is Rs 50,130 per 10 grams. Silver price today is Rs 572 per 10 grams.

(Gold prices above are indicative and do not include GST, TCS and other taxes. Check with your local jeweler for exact prices.)

How do you check the purity of gold?

An app was developed to check the purity of gold. Customers can check the purity of gold through this app “BIS Care App”. Also, with the help of this app, we can not only check the purity of gold, but also file complaints about it. If the license number, registration number and stamp number of the goods are found wrong, customers can claim it immediately through this app. The customer also receives immediate information about submitting a complaint via this app.

999 is engraved on 24k pure gold.

916 is engraved on 22k pure gold.

875 is engraved on 21k pure gold.

750 is engraved on 18k pure gold.

585 is engraved on 14k pure gold.

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Gold/Silver: Play your next options https://silveracce365.com/gold-silver-play-your-next-options/ Fri, 16 Sep 2022 16:40:00 +0000 https://silveracce365.com/gold-silver-play-your-next-options/ Precious metals came under significant pressure this week as risk aversion weighed on most asset classes. Persistent inflation continues to be confirmed after this week’s CPI and PPI data. We expect gold and silver prices to trade in a defined range for the remainder of the year, with prices set to recover into early […]]]>

Precious metals came under significant pressure this week as risk aversion weighed on most asset classes. Persistent inflation continues to be confirmed after this week’s CPI and PPI data. We expect gold and silver prices to trade in a defined range for the remainder of the year, with prices set to recover into early 2023. Precious metals are still pricing in a US recession, rising Treasury yields and a firm US dollar. The likely outcome for US stocks is a fall in the S&P to 3500 by the end of the year. Looking ahead to 2023, we expect the rate hike cycle to be complete and precious metals prices to trend higher.

Daily Gold Chart

With prices and ETF holdings seeing significant outflows, one should ask at what point will physical buying return to the markets? Analyzing the long-term chart, gold futures have fallen back to levels not seen since the early stages of the pandemic. Traders should now expect the downside to be limited amid reports that India is slashing its gold import tax, which could spark renewed physical demand. The first area of ​​resistance is the 50 DMA at 1736.9; a break of this level should trigger a short covering rally that could easily stretch back to 1800. To further help you develop a trading plan, I went back 20 years of my trading strategies to create a free new “5 Step Guide to Technical Analysis” on gold, but can easily apply to silver.” The guide notes All the steps of technical analysis are available to you to create an actionable plan to use as a basis for entering and exiting the market.You can request yours here: 5 Step Gold Technical Analysis Guide.

Gold options strategy


This strategy is similar to our silver recommendation published in the last few weeks. Those who participated through our company were strongly encouraged to exit due to the September 12 price increase. Now that gold is supported again, we will look at a similarly calculated risk strategy.

In the past I have found that it is best to use a calculated risk strategy in heavily oversold markets that have not yet reached a technical bottom. A bull call spread for options is a trading strategy that aims to profit from an increase in the price of a particular market or asset during periods of high volatility or for counter-trend trades. The options strategy consists of two call options that form a range that outlines a lower and an upper exercise point. The bullish call spread strategy helps limit your maximum loss if an asset’s price falls. However, the strategy also limits potential profits in the event of a price increase. Bullish investors often use this as the calculated risk debit spread when trading futures.

We use the February 2023 gold futures contract in this bull call spread example. We buy gold 1750 call of February 1st at $45 as a long call. We then simultaneously sell the February 1 Gold 1750 call for $22 as our short call. This action generates our bounty which is $23. We then multiply that by $100 to account for gold’s multiplier (gold is a 100 ounce contract) to get $2,300 or our total premium paid (plus any commissions or clearing fees).

Knowing our paid premium, we can calculate our potential maximum profit simply by taking the difference in our strike prices ($1850 – $1750), which in this case is $100, and then multiplying $100 by $100, since this is is a futures contract. This gives us a total of $10,000 as our maximum gross profit, minus our $2,300 premium, leaving us a maximum net profit of $7,700 (minus any commissions or clearing fees). If you’ve never traded futures or commodities, I’ve just completed a new training guide that will answer all your questions about transferring your current investing skills to trading “real assets” like the 10 ounce gold futures contract. You can request your book here: Trade Metals, Transition your Experience Book.



Disclaimer: The views expressed in this article are those of the author and may not reflect those of the author Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. It is not an invitation to exchange goods, securities or other financial instruments. Kitco Metals Inc. and the author of this article assume no responsibility for any loss and/or damage resulting from the use of this publication.

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Aya Gold & Silver recognized as Top Performers by the TSX30 program for the second year running https://silveracce365.com/aya-gold-silver-recognized-as-top-performers-by-the-tsx30-program-for-the-second-year-running/ Thu, 15 Sep 2022 11:30:00 +0000 https://silveracce365.com/aya-gold-silver-recognized-as-top-performers-by-the-tsx30-program-for-the-second-year-running/ MONTREAL, September 15, 2022 /CNW/ – Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) (“Aya” or the “Company”) is pleased to announce its inclusion on the Toronto Stock Exchange’s 2022 TSX30 List, a ranking of the top-performing stocks on the Toronto Stock Exchange Stock Exchange (“TSX”) based on price appreciation and outperformance. Over the […]]]>

MONTREAL, September 15, 2022 /CNW/ – Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) (“Aya” or the “Company”) is pleased to announce its inclusion on the Toronto Stock Exchange’s 2022 TSX30 List, a ranking of the top-performing stocks on the Toronto Stock Exchange Stock Exchange (“TSX”) based on price appreciation and outperformance. Over the three year period to the end June 30, 2022Aya shares rose 245% to rank 18th on the 2022 TSX30 list.

Aya Gold & Silver Inc Logo (CNW Group/Aya Gold & Silver Inc)

“We are very proud to have been selected as a top stock market performer by the TSX30 for the second year running, a respected list that recognizes our outperformance since taking management,” he said Benoit La SallePresident and CEO of Aya Gold & Silver. “In fact, Aya’s share price rose in the same period after the April 2020 Change of control of management. Through an operational and corporate turnaround, we have transformed an underperforming and poorly managed TSX-listed silver miner into a high-growth, world-leading silver producer during a pandemic.”

“We would like to express our deep gratitude for the continued support from employees, contractors and stakeholders, including the Government of Morocco and the entire investor community, all of whom have contributed to our success. This is just the beginning for us,” he said Mustapha ElouafiPresident-CEO, Aya Gold & Silver, Morocco.

For more information on the TSX30, visit www.tsx.com/tsx30.

Around Aya Gold & Silver Inc.

Aya Gold & Silver Inc. is a fast growing, Canada-based silver producer with offices in the Kingdom Morocco.

The only TSX-listed pure silver miner, Aya operates the high-grade Zgounder silver mine and is exploring its properties along the prospective South Atlas Fault, several of which have hosted past producing mines and historical resources. Aya’s Moroccan mining assets are complemented by the Tijirit Gold Project in Mauritaniawhich is being pushed towards feasibility.

Aya’s management team has focused on maximizing shareholder value by placing sustainability at the heart of its operations, governance and plans for financial growth.

For more information, visit Aya’s website at www.ayagoldsilver.com.

Forward-Looking Statements

This press release contains certain statements that constitute “forward-looking information” within the meaning of applicable securities laws (“forward-looking statements”), which reflect management’s expectations regarding the future growth and business prospects of Aya (including the timing and development of new deposits and the success of exploration activities) and other opportunities. Wherever possible, words such as “will”, “achieve”, “plan”, “expect”, “continue”, “increase”, “accelerate”, “forecast”, “designed for”, “intend”, “goal” , “guidance”, “expand”, “growth”, “progress”, “expects”, “increase” and similar expressions or statements that certain actions, events or results “may”, “might”, “would”, “might”. ‘, ‘will’ or ‘likely’ to occur, occur or be achieved have been used to identify such forward-looking information. Certain forward-looking statements in this news release include, but are not limited to, statements and information regarding Zgounder’s exploration and development potential and conversion of Inferred Mineral Resources to Measured and Indicated Mineral Resources, future opportunities to enhance development at Zgounder, completion of the Company’s proposed expansion of the Zgounder mine and the timing of the release of the Company’s disclosures related to the foregoing. Although the forward-looking information i As this press release reflects management’s current beliefs based on information currently available to management , and based on what management believes to be reasonable assumptions, Aya cannot be assured that actual results will be consistent with such forward-looking information. Such forward-looking statements are based on management’s beliefs, opinions and analyzes in light of its experience, current conditions and its expectations of future developments that management believes are reasonable and relevant, but which may prove to be incorrect. These assumptions include, among other things, the completion and timing of the financing, the ability to obtain all necessary regulatory approvals, the accuracy of mineral reserve and mineral resource estimates (including but not limited to ore quantity and grade estimates), silver price, exchange rates, fuel and energy costs, future economic conditions, expected future free cash flow estimates and courses of action. Aya cautions you not to place undue reliance on such forward-looking statements.

Risks and uncertainties that may affect forward-looking statements include, among others: the inherent risks associated with exploration and development of mineral properties, including governmental permits and approvals, changes in economic conditions, changes in the global price of silver and others major inputs, changes in mine plans (including but not limited to throughput and recoveries impacted by metallurgical characteristics) and other factors such as project execution delays, many of which are beyond Aya’s control, and other risks and Uncertainties that are discussed in Aya’s 2021 Annual Information Form dated June 16, 2022and in other filings by Aya with securities and regulatory authorities available on SEDAR at www.sedar.com. Aya undertakes no obligation to update any forward-looking statements should assumptions regarding these plans, estimates, projections, beliefs and opinions change. Nothing contained herein should be construed as an offer to sell or a solicitation to buy or sell any Aya securities. All references to Aya include its subsidiaries unless the context otherwise requires.

SOURCE Aya Gold & Silver Inc

decision

decision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2022/15/c9021.html

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Silver Prices, Trend & Forecasts https://silveracce365.com/silver-prices-trend-forecasts/ Wed, 14 Sep 2022 06:43:10 +0000 https://silveracce365.com/silver-prices-trend-forecasts/ Product Name: Silver HS code – 28431020 Chemical Formula – Ag Synonyms – 7440-22-4, argent, silver metal, silver atom Currency – US$ (Data can also be provided in local currency) Supplier Database Availability – Yes Customization Scope – Our services can be customized according to customer’s requirements Post-Sales Analyst Support – 360-degree post-service analyst support […]]]>

Product Name: Silver
HS code – 28431020
Chemical Formula – Ag
Synonyms – 7440-22-4, argent, silver metal, silver atom
Currency – US$ (Data can also be provided in local currency)
Supplier Database Availability – Yes
Customization Scope – Our services can be customized according to customer’s requirements
Post-Sales Analyst Support – 360-degree post-service analyst support

Region/countries for which data is available

Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hong Kong, Singapore , Oman, Kuwait, Qatar, Australia and New Zealand

Europe: Germany, France, UK, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: USA and Canada

Latin America: Brazil, Mexico, Argentina, Colombia, Chile, Ecuador and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco

Request for real-time silver prices: https://www.procurementresource.com/resource-center/silver-price-trends/pricerequest

Silver is a precious chemical compound used primarily in the manufacture of coins, jewelry, and more. It is a lustrous and soft metal with the highest electrical and thermal conductivity, making it a precious commodity. It is a naturally occurring metal in the earth’s stratum, produced primarily as a result of gold, copper, lead and zinc refining.

Silver has many uses; Sterling silver is 92.5% silver with the remainder being either copper or other metals. It is used extensively in the manufacture of silverware and jewelry, raising silver prices worldwide.

Because of its properties, e.g. B. as a reflector for visible light, also used for the manufacture of mirrors. It also finds applications in the manufacture of electrical contacts and batteries, dental alloys, and solder and braze alloys. Silver paint is also used in the manufacture of printed circuit boards.

Silver has antibacterial properties, which is why its nanoparticles are added to clothing to stop bacteria from eating sweat, which leads to unpleasant odors.

The world’s top silver producers are China, Russia, Poland, Chile, Bolivia, Australia, Argentina and the United States.

Important details on the silver price trend:

Procurement Resource conducts in-depth price trend analysis to provide the monthly, quarterly, semi-annual and annual silver price information in its latest price dashboard. The detailed assessment deeply examines the facts about the product, price changes over the weeks, months and years, major players, industrial applications and drivers driving the market and price trends.

Each price record is linked to an easy-to-use 2014 graphics device that offers a range of functionalities; Adjust pricing currencies and units and download pricing information as Excel files to use offline.

The silver price chart, price database and analysis can prove valuable for purchasing managers, directors and decision makers to build their strongly supported strategic insights to drive progress and profitability in the business.

For more information click on the following link: https://www.procurementresource.com/resource-center/silver-price-trends

Industrial Uses Affect Silver Price Trend:

Among the industrial uses influencing silver price development is its application in electronics, as it is mainly used in the manufacture of membrane switches, electrically heated car windshields, multilayer ceramic capacitors, conductive adhesives, silver-plated foils and the manufacture of thick-film pastes.

Related reports
silicon price development – https://www.procurementresource.com/resource-center/silicon-price-trends
silicates price development – https://www.procurementresource.com/resource-center/silicates-price-trends
Aluminum price development – https://www.procurementresource.com/resource-center/aluminum-price-trends

Important market participants:

Umicore NV
American elements
MMC Norilsk Nickel PJSC
Hindustan Zinc Limited
Korea Zinc Co., Ltd.
Yunnan Tin Group Company Limited (YTC)
Polymetal International plc
Pan American Silver Society

News and events:

September 07, 2022 – Silver prices are up slightly ahead of the European Open. Silver prices rose 0.20% and turned a profit.

September 07, 2022 – Silver prices rose during early trade on Wednesday in India, with prices of the commodity rising INR680 per kg to trade at INR53,900.

Contact us:

Company Name: Sourcing Resource
Contact person: Jolie Alexa
Email: sales@procurementresource.com
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Blog: https://procurementresource.blogspot.com/
Website: https://www.procurementresource.com/
Reference link: https://researz.com/silver-prices/

About us:

Procurement Resource provides in-depth product pricing research and market insights for more than 500 chemicals, raw materials and utilities, updated daily, weekly, monthly and yearly. It’s a cost-effective one-stop solution for all your market research needs, no matter what part of the value chain you represent.

We have a team of highly experienced analysts who conduct extensive research to provide our clients with the latest and most updated market reports, cost models, pricing analysis, benchmarking and category insights that help streamline the sourcing process for our clients. Our team tracks the prices and production costs of a wide variety of goods and commodities, providing you with the most recent and consistent data.

To provide real-time facts and insights to help our clients, we work with a variety of procurement teams across industries. At Procurement Resource, we support our clients with current and pioneering industry practices to understand procurement methodologies, supply chains and industry trends so they can strategize to achieve maximum growth.

This version was published on openPR.

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XAG/USD steadily climbs to $19.00, a two-week high https://silveracce365.com/xag-usd-steadily-climbs-to-19-00-a-two-week-high/ Fri, 09 Sep 2022 09:54:12 +0000 https://silveracce365.com/xag-usd-steadily-climbs-to-19-00-a-two-week-high/ Silver is up for the third straight day, hitting a two-week high on Friday. The mixed technical setup warrants caution for bulls before positioning for further upside. A convincing break below $18.00 is needed to shift the bias in favor of the bears. Silver continues its recent recovery move from the lowest since June 2020, […]]]>
  • Silver is up for the third straight day, hitting a two-week high on Friday.
  • The mixed technical setup warrants caution for bulls before positioning for further upside.
  • A convincing break below $18.00 is needed to shift the bias in favor of the bears.

Silver continues its recent recovery move from the lowest since June 2020, gaining traction for the third straight day on Friday. This also marks the fifth day of positive movement in the previous six days, taking the white metal to a two-week high, closer to $19.00 during the first half of the European session.

This week’s breakout of the top of a nearly month-old descending channel and subsequent strength above the 100-period SMA on the 4-hour chart is seen as a key trigger for bullish traders. This may have set the stage for additional near-term gains, although mixed oscillators on the hourly/daily chart warrant some caution.

Technical indicators on the daily chart, while recovering from negative territory, have yet to confirm a bullish bias. Furthermore, the 4-hour chart’s RSI (14) is already signaling slightly overbought conditions. Therefore, it is prudent to wait for some consolidation or a modest pullback before positioning for the next move higher.

From current levels, any significant dip near the $18.60-$18.50 region is likely to find decent support ahead of the breakpoint of the descending trend channel currently lying around the $18.20-$18.15 zone . Some follow-up selling below $18.00 will negate the positive bias and suggest that the corrective recovery has run out of steam.

On the downside, momentum above the round figure of $19.00 on the 4-hour chart is likely to face stiff resistance near the 200-day SMA. The said barrier, currently hovering around the $19.35 region, should now act as a key pivot. Continued strength above this will confirm the constructive outlook and pave the way for further upside.

Silver 4 hour chart

Important levels to see

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Silvercorp is grossly undervalued (NYSE:SVM) https://silveracce365.com/silvercorp-is-grossly-undervalued-nysesvm/ Tue, 06 Sep 2022 19:53:00 +0000 https://silveracce365.com/silvercorp-is-grossly-undervalued-nysesvm/ Oselot Silvercorp Metals (NYSE:SVM) has turned its focus to growth by doubling its Ying silver mining district in China. This has been accomplished through extensive exploration and infill drilling to increase the resource. Silvercorp has already started construction a new mill to nearly double current silver production. There are also opportunities for inorganic growth — […]]]>

Oselot

Silvercorp Metals (NYSE:SVM) has turned its focus to growth by doubling its Ying silver mining district in China. This has been accomplished through extensive exploration and infill drilling to increase the resource. Silvercorp has already started construction a new mill to nearly double current silver production. There are also opportunities for inorganic growth — the company has an impressive $216 million in cash to make an acquisition outside of China and reduce political risk. In addition, Silvercorp holds a 28.2% interest in New Pacific Metals (NEWP) that could deliver future shareholder value and optionality.

Silver Corp

Silvercorp presentation

Historical production and organic growth

Silvercorp has eight producing silver mines in China and seven are located in the Ying Mining District. The Company has a track record of stable production with annual silver production of approximately 6.5 million ounces at low total costs. This high level of profitability is primarily due to the fact that the silver mines are high grade underground mines with many lead and zinc by-products. Since 2016, Silvercorp has produced over 82 million ounces. silver and 1.2 billion lbs. of lead and zinc. It seems like Silvercorp has its focus on growth.

Historic production Silvercorp

Company presentation Silvercorp

Silvercorp operated the BYP mine until 2014, since then the mine has been in a care and maintenance phase. The BYP mine was formerly a lead-zinc mine but Silvercorp identified a new gold resource. The Company is awaiting permits to restart the mine, which requires an investment of approximately US$20 million for annual production of 30,000 to 40,000 ounces. of gold. Silvercorp should provide more information on future production and costs when it receives the permits. The BYP mine is not a major catalyst but is an additional 30-40,000 ounces. Gold is a beautiful sweetener. Another bonus is the acquisition of the Kuanping Project near the Ying Mining District. The project was acquired for just $13.5 million. Six silver/lead/zinc structures and one gold/silver structure have been identified. Silvercorp is expected to drill 12,000 meters in 2022. Kuanping district could deliver more ounces of production in the future.

Most of the growth will come from investments in the flagship Ying mining area. The Company has drilled 660,000 meters in 2020 and 2021. For investors unfamiliar with the mining industry, this amount of drilling is huge for a company with a market cap of just $421 million. In addition, Silvercorp is expected to drill an additional 300,000 meters in 2023. Drill intersections showed high-grade silver, gold and additional copper zones that may be mined in the future. The new resource and reserve estimate for the Ying Mining District is expected to be released in Q3. Based on the number of meters drilled, the resource and reserve could increase by a multiple. The Ying Mining District already has a future mine life of 15 years, which is quite long for silver mines. The new resource could make it a unique silver mining area.

With increased reserves and resources, Silvercorp can focus on increasing production. The company is already building a new mill to increase the combined production capacity to 5,000 tons per day. This would almost double production to 12-13 million oz. silver. Investors need to keep in mind that even after all of the spending, such as the 660,000 meter drill program and the acquisition of the Kuanping project, Silvercorp still has $216 million in cash on hand. So the company has already paid for much of its future organic growth. The remaining cash can be used for inorganic growth such as mergers and acquisitions (M&A).

Possible mergers and acquisitions

Silvercorp can use the money to buy assets outside of China to reduce political risk. Silvercorp has already made a fairly successful investment in New Pacific Metals. New Pacific Metals owns three early stage silver projects in Bolivia. The Silversand Project is believed to be a world class open pit silver mine. The Carangas project’s current drilling campaign has also shown excellent drilling results. Silvercorp has a 28.2% stake valued at $127 million. Silvercorp could increase its stake in the company or buy one of its assets. However, I would not prefer this as both the Silversand and Carangas projects are primarily open pit silver mines. Silvercorp has no experience in open pit mining. Investing in mining stocks is already risky and I don’t want the company to take on the additional operational risk.

New plants from Pacific Metals

Company presentation New Pacific Metals

Silvercorp mentioned its ongoing M&A efforts in its recent company presentation. The company attempted to acquire Guyana Goldfields in 2020 but was outbid by Zijin Mining (OTCPK:ZIJMF). Silvercorp’s currently heavily undervalued share price clearly shows that the market does not like China’s political risk. Completion of the acquisition would create great shareholder value as it reduces dependence on the Chinese government. The currently weak silver market should only result in a small acquisition premium if you purchase an asset.

management

Silvercorp is led by founder and current CEO Rui Feng. They have an excellent track record of operating Chinese underground mines with incredible profit margins. For me, an important element of Silvercorp is that most of the management team has Chinese roots and a track record of more than 17 years. Mining companies need strong relationships with communities and governments, which is much easier for local management. The management team is also shareholder-friendly, as it pays a dividend and hasn’t had any equity dilution since 2010. One thing that worries me about the management team is that it’s very opaque. They haven’t communicated much about their massive, completed drill programs. In addition, they have communicated almost nothing about future growth plans, such as starting construction of a new mill. I would like more clarity from management.

risks

The main risk for Silvercorp is the political risk of the Chinese government. The growing tensions between China and Taiwan increase this risk. The worst-case scenario would be if mining activities in China ceased. This is similar to when all Canadian and American mining companies left Russia after invading Ukraine. In that case, Silvercorp’s stock price would lose its equity value of $79 million, or fall 19%. This doesn’t seem like much as most of Silvercorp’s value is related to investments in New Pacific Metals and cash. And the cash position might even allow them to continue elsewhere.

Silvercorp offers great leverage on the price of silver. This may be an advantage for silver in a bull market, but is currently a major disadvantage. I don’t see many more downsides to silver at the current price. If investors disagree, Silvercorp may not be a compelling investment.

valuation

Silvercorp’s market cap is $421M, but it has $216M and its stake in New Pacific Metals is valued at $126M. So investors are only paying an equity value of $79 million for an annual production of 8 million ounces. silver and 111.5 million oz. of silver reserves in the ground. This valuation is very cheap and gets even cheaper when investors factor in future growth of nearly doubling silver production and expected resource growth. Additionally, the stake in New Pacific Metals could add significant upside to Silvercorp’s stock price. New Pacific is currently drilling at the flagship Silversand and Caranagas projects. An updated MRE (Mineral Resource Estimate) and PEA (Preliminary Economic Assessment) of the Silversand Project is expected to be released in 2022.

Conclusion

Silvercorp has doubled the growth of its Chinese mines, adding resource and nearly doubling future production. The current stock price doesn’t reflect that with an equity value of just $79 million. This leads me to believe that investors fear China’s political risk, so a potential takeover outside of China could unlock a lot of shareholder value. I think Silvercorp’s current valuation offers significant upside potential with only limited downside. Therefore, I recommend buying a small speculative position in Silvercorp Metals.

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