Silver is one of our favorite metals for the next few years. 2022 was another year with a huge deficit in the silver market of around 238 million ounces. We can imagine silver prices as high as $38 per ounce in 2023. MAG Silver is a great company in this context. They are debt free and have started up the Juanicipio mine. It is expected to be ramped up to full capacity by the end of the year. The company also has significant upside potential through their exploration projects Deer Trail and Larder in northern America. We summarize the latest news from these projects.
Silver Market Deficit in 2022 and Summary of MAG Silver´s Latest Corporate News
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