If you’re interested in investing in precious metals, you’ve likely noticed that silver is cheaper than many other options like gold, platinum, and palladium. Precious metals investors have coined the term “poor man’s gold” for the white metal because of its low average cost compared to high gold prices. So, why is silver so cheap?…
Silver Shortages Allowing Prices to Approach a Nine-Year High
Analysts believe silver may hit a nine-year high of $30 per ounce in 2023, the highest it’s been since February 2013. If silver fulfills this projected 8.8 percent increase, it will outperform gold. As silver supply dwindles, industrial demand increases, inflation soars, and more investors flock toward the cheaper precious metal option as a safe…
After Golden Year for Precious Metals, Silver Set to Shine in 2021
January 4, 2021
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Businessglobal economygoldGold PricesMarketsmetals industryPrecious MetalssilverSilver Pricesstock market
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After a spectacular year, precious metals are set for further gains in 2021, with silver tipped to outperform, but analysts are growing more cautious about the prospects for gold as the global economy recovers from the impact of the coronavirus. The pandemic triggered stockpiling by investors looking to protect their wealth. This, alongside supply deficits,…
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