Silver is in record demand across all major industries, including jewelry, despite investors’ continued avoidance of the precious metal.
A record 235 million ounces of jewelry have been purchased globally this year, up 29% from the previous year, according to Metals Focus’ most recent global silver report.
The global demand for silver was projected to reach a record high of 1.112 billion ounces (340 million kg) in 2022 according to the Silver Institute, a marketing organization supported by the silver industry.
As silver demand continues to rise, investors are paying closer attention to junior silver exploration companies. One company that could potentially benefit from a silver bull run is Tier One Silver ( TSXV:TSLV ) ( OTCQB:TSLVF ) .
Tier One’s management and technical teams have had prior exploration successes by identifying high-quality projects and producing promising exploration results,ultimately creating shareholder value. The Company’s exploration assets include two high potential projects in Peru, Hurricane and the company’s flagship project, Curibaya, both of which have demonstrated significant silver grades through initial programs.
Tier One Silver recently reported the results of rock and channel sampling from the highest priority silver target area on the Hurricane project in southern Peru. This includes 1 meter of 852.5 g/t silver (...
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