As recently highlighted by Benzinga, four factors could lead silver prices to soar this year.
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Gold/silver price ratio is currently abnormally high, indicating silver is undervalued relative to gold, suggesting potential for a significant price correction.
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Rising industrial demand is leading demand to outstrip supply
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Technological advancements necessitate more silver, with projections of increased usage in many industries.
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Speculative investment from major market players, like Warren Buffett in the past, could trigger a rapid rally in silver prices beyond what fundamentals alone would suggest.
https://www.benzinga.com/opinion/24/07/40019315/four-reasons-silver-soars-in-2024
Dolly Varden Silver (Ticker: DV.v in Canada and DOLLF for U.S. investors) is addressing the future expected need for silver by exploring and developing high-grade silver deposits in BC's Golden Triangle.
The company's main area of interest is the Kitsault Valley Project, which includes the Dolly Varden, Torbit, and North Star deposits, along with the highly prospective Moose, Wolf, and Chance Veins.
Recent drilling by Dolly Varden has revealed substantial silver mineralization, highlighting the area's significant potential, with a notable discovery at the Moose Vein showing an intersection of 978 g/t Ag over 5 meters, including a particularly rich segment of 3,670 g/t Ag over 0.79 meters.
Adding to this, drilling at the project's Chance Vein uncovered 206 g/t Ag over 23.03 meters, with intervals of 597 g/t Ag over 1.4 meters and 749 g/t Ag over 0.5 meters.
Overall, the initial results from Dolly Varden's 2024 exploration program are very encouraging, indicating significant potential at both the Moose and Chance Veins.
Specifically, the results suggest that the Moose Vein, located 1.4 kilometers north of the Wolf Vein, could become a major silver deposit within the Kitsault Valley mineralized trend.
Continued drilling is expected to expand these promising areas and further enhance the understanding of mineralization within the Kitsault Valley.
More: https://dollyvardensilver.com/dolly-varden-silver-intersects-978-g-t-ag-over-5-00-meters-including-3670-g-t-ag-over-0-79m-at-moose-vein/
Posted on behalf of Dolly Varden Silver Corp.