Independent asset managers expect the price of silver to rise by around 16.2% by the end of 2021. In contrast, the experts expect the price of gold to rise by around 8.3%. This emerges from a new infographic by Kryptoszene.de
Private investors are also highly optimistic about the outlook for the silver price. Almost 4 out of 5 expect the price of the precious metal to rise further in 2021. This was shown by data from a survey conducted by “BullionVault”.
A look back reveals that silver is the asset of the hour, climbing 46.5% within the last 365 days. The value of gold, on the other hand, rose by 26.7% over the same period, while the DAX even lost a little ground with a decline of 0.4%.
Investors Increasingly Keen to Buy Precious Metals
Meanwhile, the infographic indicates that 54.8% of investors plan to purchase yet more precious metals in 2021.
Regardless of optimistic forecasts and a very encouraging price development for investors, the Google search term pair “buy silver” remains well below its highest level. The Google Trend Score currently stands at 37, with a value of 100 representing the highest possible relative search volume. The peak value was reached at the end of March.
