Some analysts and traders are betting that silver will outperform gold this year. Silver’s historic price performance relative to gold and the ongoing demand-supply dynamics may be the reasons behind such beliefs. Silver is glittering more than gold nowadays even though the yellow metal has entered the correction zone after hitting an all-time high in August last year.
There were hopes of an increase in industrial demand as many large economies swiftly revived from the negative impact of Covid -19 pandemic and this boosted the sentiment in the metal.
Gold and silver have a high positive correlation, and historically silver has always underperformed gold. Gold triggers the initial move in bullion and, eventually, silver gains traction.
«Не ждал бы роста выше $28-33» Что будет с серебром в ближайшие годы
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Fragen und Antworten: 20 Milliarden Dollar sind futsch: «Die Hedgefonds hätten es besser wissen müssen», sagt Banker Oswald Grübel
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