Silver is outperforming gold

in #usd4 years ago

XAG/USD bulls are going ahead
If you asked me which Forex&Commodities asset is the most promising investment, I would choose silver without hesitating. First, silver traditionally follows the sector leader, gold, so, it has the same growth drivers. Second, the main consumer of physical silver is the industry. It suggests the XAG/USD falls faster during global recessions, but the uptrend also recovers faster than the XAU/USD during the rebound of global growth.

According to the Silver Institute, silver should save investors from the economic fallout of the pandemic. The organization says, in 2020, the global physical silver demand in the industrial consumption will decline from 510.9 million ounces to 475.4 million ounces, the consumption of silver jewelry and silverware will be down from 201.3 million ounces to 187.5 million ounces. However, the demand for ETF products will increase from 81.7 million ounces to 120 million ounces.

Dynamics and structure of supply and demand for silver

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For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/silver-is-outperforming-gold/?uid=285861726&cid=58534

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