Silver Prices outperformed Gold this week on bets that rising demand for industrial metals in 2021 – will surpass supply and support a long-term rally. This week, traders shifted their attention from Gold to Silver, Platinum and Copper. The industrial metals complex is expected to benefit from tight supplies, strong investment demand and the global recovery – positioning this specific group of metals as one of the hottest asset classes to watch in 2021.
While big moves in Gold prices remain inevitable down the road, the monetary metal is currently taking a back seat to the industrial metals.
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