Silver Price Forecast - What Happened And Where Do We Go From Here?
What's next for the silver market?
While many commodities struggled in 2020, silver was a top performer, adding more than 30 percent to its value for the year.
The white metal's duality benefited its price movement — silver capitalized on its safe haven appeal in March and April, and then was bolstered by rebounding industrial demand in the summer months.
Reaching a seven year high in August of US$28.32 per ounce after sinking to an 11 year low of US$11.59 highlights silver's ability to outperform sister metal gold. From its lowest to highest point this year, silver climbed an impressive 137 percent, while gold increased a modest 38 percent.
Overall market watchers are calling for higher prices as the white metal follows gold upward.
The Investing News Network has compiled a FREE outlook report with valuable analysis on trends in the market, forecasts for 2021 and more!
Table of Contents
- Silver Price Update: Q1 2021 in Review
- Silver Price Update: Q2 2021 in Review
- Ross Beaty: Forces Driving Gold are Strong; Silver May Outperform
- Nick Barisheff: Silver Demand High, What's a Realistic Price?
- Best Junior Silver Stocks on the TSXV
INN has produced dozens of Free Reports that give you the information you need to make good investment decisions. Download today!
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