Silver to move towards $30 in 2021, outperforming gold – TD Securities

FXStreet/Staff

image of silver bars with rising chart trend line in background
“Silver tends to do well when there is a favorable environment for gold. As such, it should respond positively to the same favorable macroeconomic, monetary conditions and fiscal drivers as does the yellow metal. Since silver has a historical volatility roughly double that of gold, based on historic norms it should outperform gold, when the yellow metal once again follows an upward price trajectory.”

USAGOLD note:  If silver did reach $30 in 2021, the return would be 25% based on the current price of $24 per ounce – a pretty nice gain in a 0% world.


Repost from 12-16-2020

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