Where are silver prices headed 2021? Silver price forecast 2021
Bank of America expects silver to average $29.28 in 2021. Metals Focus analysts expect silver prices to average $27.30 in 2021. Silver also finds its way into solar energy generation, which makes it a play on the green energy theme also.
Table of Contents
1 Where is gold headed 2021?2 Is there a silver shortage looming in our future?3 Is the Perth Mint out of silver?4 Is silver harder to find than gold?5 Related faq for Where Are Silver Prices Headed 2021?5.1 Is silver deeper in the earth than gold?
Where is gold headed 2021?
The World Bank predicts the price of gold to decrease to $1,740/oz in 2021 from an average of $1,775/oz in 2020.
Is there a silver shortage looming in our future?
More than two billion ounces of silver have disappeared from the market over the last ten years and we could be facing an annual shortage of more than 100 million ounces by 2020.
Is the Perth Mint out of silver?
Like gold, unallocated silver remains fully backed by physical metal at the Mint. Accredited by all five of the world’s major global gold exchanges, The Perth Mint is the only precious metal operation in the world which has a unique government guarantee and is dedicated to providing ethically sourced gold and silver.
Is silver harder to find than gold?
Most studies agree gold is overall the more rare of the two metals; however, above ground silver is actually more rare than gold. Estimates report gold is 5-7x more abundant above ground than silver. Beneath the surface, silver is approximately 19x more abundant than gold.
Related faq for Where Are Silver Prices Headed 2021?
Is silver deeper in the earth than gold?
Gold, silver and platinum are that rare! From the crustal abundance of precious metals, we can also see that the gold-to-silver ratio in the earth’s crust is about 1:19. This means that there is roughly 19 times more silver than gold in the ground. There is actually lesser identifiable silver than gold above-ground.