UXA 0.00% 0.0¢ uxa resources ltd

silver on the rise

  1. 489 Posts.
    The news.com.au story focuses on another player but it still spells good news for UXA if we have good silver results at Dome 5

    "Silver beats gold as investment winner"

    HIGHLIGHTS:

    "However, a swag of new industrial uses - solar power being the most significant - meant it was the best performing precious metal last year, surging 83 per cent to a 30-year peak of $US30.92 an ounce."

    "Silver is used as a reflector in solar power cells and there is currently no alternative, with 120 million of the 700 million to 800 million ounces of silver produced globally each year used in the cells, according to Mr Lawrence."

    "Mr Lawrence said demand for silver for new industrial applications was growing at about 20 per cent a year but production was up only five per cent."

    http://www.news.com.au/business/breaking-news/silver-beats-gold-as-investment-winner/story-e6frfkur-1226046313894
 
watchlist Created with Sketch. Add UXA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.