empty
08.01.2021 03:08 PM
What 2021 has in store for precious metals market

This image is no longer relevant

On January 6, the United States witnessed the drama unfolding in the Capitol Building as pro-Trump rioters stormed the building. Consequently, gold advanced to $1.957 per ounce.

Later, however, the quotes dropped to $1.913 per ounce. Nevertheless, the Congress affirmed Joe Biden's victory after the end of the attack.

Analysts suggested that gold would hit $2.000 per ounce by the end of 2020. However, gold was below $1,900, causing worry among analysts. At the moment, the price of gold is slowly growing amid geopolitical instability and a decrease in the US dollar index. Today, many investors prefer to take profit at any rate increase.

However, gold may not depend on political factors for a while, as Twitter, Facebook, and Instagram blocked Trump, who added fuel to the fire, from accessing his page.

Analysts believe that rising inflation and problems with the global economic recovery will be the driving force of the gold price. According to the International Monetary Fund, the authorities poured $12 trillion into the global financial markets in 2020 to support the economy hit by the pandemic.

Experts also suggest that the Biden administration will continue to provide generous economic stimulus, automatically increasing inflation. Most likely, this will happen along with the economic recovery in the second half of 2021.

According to the World Bank, the global economy is likely to rise by just 4% in 2021 after a 4.3% plunge last year. This forecast is based on the assumption that an initial COVID-19 vaccine rollout will become widespread throughout the year. However, some countries have reintroduced strict quarantine restrictions due to the rapid spread of the virus. Consequently, gold may reach $2.500 per ounce in the second half of the year amid rising inflation and a slow economic recovery.

On top of that, analysts from Metals Focus believe that silver in 2021 will show the best price dynamics compared to other precious metals. This is due to the fact that silver is an industrial metal. The US Alternative Energy Development Support Program will also contribute to the silver market's growth.

The coronavirus crisis has forced many investors to buy precious metals to protect their savings. As a result of the high demand in the market, a shortage of precious metals grew. By the end of 2020, gold increased by 20%, while silver spiked by 47%.

Analysts also believe that one should not count on a quick global economic recovery. Investors will not risk their capital. Therefore, they will continue to invest in precious metals. Experts believe that the demand for silver this year will exceed, regardless of the economic situation. Silver is used in the production of solar panels and electric vehicles, driving the price of the metal higher.

At the end of 2020, silver ETFs rose by 300 million ounces. The last time such demand was observed many years ago. Clearly, 2020 was a phenomenal year for silver. According to experts, it may climb to $40 in 2021. Today, silver is trading at $26,53 per ounce.

This image is no longer relevant

Kate Smirnova,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

Ledakan Saham: Nvidia Melampaui $4 Triliun, Bitcoin Tidak Ketinggalan, Dow dan S&P Naik

Indeks Meningkat: Dow Jones Naik 0,43%, S&P 500 Naik 0,27%, Nasdaq Naik 0,09% Nvidia Mengakhiri Perdagangan dengan Valuasi Historis, Melebihi $4 Triliun Delta Pandangan Positif Merangsang Sektor Penerbangan dan Transportasi

Thomas Frank 08:37 2025-07-11 UTC+2

Nvidia Mencetak Sejarah: Pasar Meningkat, Kapitalisasi Perusahaan Menembus Batas $4 Triliun

Indeks Naik: Dow Jones — 0,49%, S&P 500 — 0,61%, Nasdaq — 0,95% Nvidia Menjadi Perusahaan Pertama yang Mencapai Nilai Pasar $4 Triliun AES Melonjak Setelah Laporan Upaya Penjualan UnitedHealth

Thomas Frank 10:46 2025-07-10 UTC+2

Rangkuman Berita Terkini Pasar AS untuk 9 Juli

Indeks saham AS menutup sesi dengan pergerakan yang moderat: S&P 500 sedikit turun, Nasdaq 100 mencatat kenaikan ringan, dan Dow Jones tergelincir ke wilayah negatif. Investor dengan cermat mengamati perkembangan

Ekaterina Kiseleva 14:03 2025-07-09 UTC+2

Trump Kembali Beraksi: Tarif Tembaga 50%, Kerugian Lebih Banyak Diderita Tiongkok, UE

Trump Umumkan Tarif Tembaga 50% Pengumuman Tarif Baru untuk Semikonduktor, Farmasi Presiden Trump Nyatakan Pembicaraan dengan Uni Eropa, Tiongkok Capai Kemajuan Jepang, Korea Selatan Bekerja Keras untuk Minimalkan Kerugian Tarif

Thomas Frank 09:49 2025-07-09 UTC+2

Rangkuman Berita Terkini Pasar AS untuk 8 Juli

Pasar saham AS menunjukkan momentum yang tertahan di tengah ketidakpastian mengenai kemungkinan kembalinya tarif tinggi oleh Donald Trump. Meski presiden AS telah menyatakan kesediaannya untuk bernegosiasi, pelaku pasar menahan diri

Ekaterina Kiseleva 12:08 2025-07-08 UTC+2

Badai perdagangan melanda Asia: Jepang, Korea menghadapi kenaikan tarif 25%

Jepang, Korea Selatan menghadapi tarif 25% pada 1 Agustus Dolar Australia naik karena RBA mempertahankan suku bunga Indeks pan-Eropa STOXX 600 (.STOXX) tidak berubah pada 543,22 pada pukul 0710

Thomas Frank 10:52 2025-07-08 UTC+2

Kesepakatan yang dibatalkan, surat-surat baru – menuju kekacauan perdagangan? Kalender pedagang untuk 7-9 Juni

Secara simbolis, pada tanggal 4 Juli, Hari Kemerdekaan, Donald Trump menandatangani apa yang dia sebut sebagai "Big Beautiful Bill," yang menurut Gedung Putih akan "memenuhi janji kampanye." Namun, dalam kenyataannya

Svetlana Radchenko 14:07 2025-07-07 UTC+2

Berita Terkini Pasar AS untuk 7 Juli

Donald Trump menyetujui undang-undang yang menetapkan batas utang federal baru sebesar $5 triliun dan meningkatkan pengeluaran pemerintah. Dokumen ini mencakup pemotongan pajak dan langkah-langkah keamanan yang ditingkatkan, tetapi telah memicu

Ekaterina Kiseleva 13:27 2025-07-07 UTC+2

Siapa yang Menarik Tuas: AS, OPEC+, Dolar yang Jatuh Menjaga Keseimbangan yang Rapat

S&P 500, Nikkei Futures Turun Akibat Gejolak Perdagangan AS Menetapkan 1 Agustus sebagai Batas Waktu Tarif untuk Beberapa Negara Harga Minyak Turun saat OPEC+ Meningkatkan Produksi Dolar Pulih dari Posisi

Thomas Frank 10:40 2025-07-07 UTC+2

S&P, Nasdaq, dan Dow naik bersamaan saat pasar mencerna data pekerjaan dan perkembangan trading

S&P 500 naik sebesar 0,83%; Nasdaq naik 1,02%; Dow meningkat sebesar 0,77%. Pertumbuhan lapangan kerja di AS melebihi ekspektasi pada bulan Juni. Tripadvisor menguat setelah laporan dari Starboard Value. Synopsys

13:11 2025-07-04 UTC+2
Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.