2021 Golden Minerals and silver prices Once Velardena gets going we will see 2000$+ gold and 30$+ silver. With the PEA numbers Golden minerals put out, we will be in great shape for growth. Managment seems to be going and excellent job with time management and keeping investors up to speed with progress updates. I have a feeling this managment team likes to under promise and over deliver.
Is a great company and I can see them making the right steps to grow production rapidly and eventually becoming an intermediate relatively quick.
In September, CIBC bank also predicted the metal to appreciate, estimating silver prices to reach $32 per ounce in 2021, and then slide to $31 per ounce in 2022 and $30 per ounce in 2023. As for the shorter-term, the commodity is expected to average at $28 per ounce in Q4 2020.