Silver holds its value long term and fares well when interest rates are low — and fixed-income investments aren't earning much. ... However, silver is an industrial metal as well as an investment metal — which significantly affects its price performance and outlook.
Silver is more affordable than gold for UK buyers as they can accumulate more silver than gold pound for pound. Also, silver is more affordable as buyers can dollar or pound cost average into a position through regular small purchases.
The main dangers of investing in silver are that you could physically lose items like silver coins and bars and that the value can decline with changes in the market.
If the dollar collapses the silver price will skyrocket, but that doesn't say anything about the actual value. ... Irrespective of what happens to the USD, or any other paper currency, silver will retain its purchasing power.
Silver will rise to $60 within the year of 2024, $70 in 2026, $75 in 2027, $80 in 2028, $90 in 2029 and $100 in 2031.
...
Silver price stood at $27.45 per troy ounce.
| Year | 2030 |
|---|---|
| Mid-Year | $91.94 |
| Year-End | $95.02 |
| Tod/End,% | +246% |
Silver price unlikely to hit $50 in 2021 but analysts still see potential to outshine gold. Share this article: Kitco News has launched its 2021 Outlook, which offers the most comprehensive coverage of precious metals markets in the new year.
Coins have a higher premium over spot than bars but will have far more recognition in the market. Recognition and a guarantee of quality from the coin's government make bullion coins easy to liquidate. These qualities make silver coins a great way to begin investing.
Looking at gold, silver, and other precious metals, financial blogger Len Penzo points out that many experts recommend holding 10 to 20 percent of your net worth (excluding home equity) in precious metals. Jerry Wagner, founder and president of Flexible Plan Investments LTD., agrees with Penzo.
“The outlook for the silver price in 2021 remains exceptionally encouraging, with the annual average price projected to rise by 46 percent to ... $30,” it said in a statement. “Given silver's smaller market and the increased price volatility this can generate, we expect silver to comfortably outperform gold this year.”
With the gold market expected to be relatively tame through 2021, the LBMA said it expects all eyes to be on silver. Precious metals analysts expect silver prices to average $28.50 an ounce this year, an increase of 38% from the 2020 average price and up 8% from the average price since the first half of January.
Throughout its history as a traded commodity, silver has seen many ups and downs, reflecting a variety of economic and political events. On January 18, 1980, this precious metal was at its premium, hitting $49.45 per ounce, the highest silver price to date.
Yet No Comments