(Kitco News) The outlook for silver is not too optimistic with prices expected to decline by year-end, according to Capital Economics, which identified key price drivers in its latest report.
“As a safe haven, silver has disappointed relative to gold. Going forward, we expect the silver price to underperform gold through to end-2020,” Capital Economics commodities economists James O’Rourke and Alexander Kozul-Wright wrote Monday.
Any price gains made due to economies re-opening and the industrial outlook improving are to be offset by lower safe-haven demand, the report said.
“The outlook for silver prices is relatively