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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 ga...

Physical Investment Expected to Hit a Six-Year High   Against an improving macroeconomic backdrop, the main segments of silver demand are expected to rise this year. Led by industrial and physical silver investment, global silver demand is expected to achieve an eight-year high of 1.025 billion ounces in 2021.   Physical investment, which covers silver bullion coin and bar purchases, is expected to achieve a six-year high in 2021 of 257 million ounces (Moz), as investors continue to add silver to their investment holdings.  However, should the global economic recovery from the pandemic prove to be much slower than expected, this could weigh on base metal prices. This in turn could encourage investors to reduce their exposure to silver. On balance though, the Silver Institute remains especially optimistic about silver’s prospects for this year, reflected in the following insights for 2021.   Silver Price and Investment: The recovery in the silver price, which firs...