Silver forecast to cross the US$30 level in 2021
Silver annual average likely to rise by 40 percent! What’s the silver outlook for 2021? Market watchers are optimistic that silver will continue its price gain and outshine gold! Such points are focussed in the recently published report, Silver Price Forecast and Silver Stocks by INN. The report says, the 2020 silver market was resoundingly resilient in the face of many challenges. While Covid-19 bore down on most commodities, silver displayed its best performance in a decade. From its lowest to highest point this year, silver climbed an impressive 137 percent; that’s compared to gold ‘s increase of 38 percent over the same time horizon. The white metal also reached a seven year high in August, trading for US$28.32 per ounce after sinking to an 11 year low of US$11.59. The comeback highlights silver’s ability to outperform gold. Now holding in the US$23 price range, analysts and sector participants are optimistic that the precious metal will continue its price gain and outshin