Anuj Gupta, Vice President (Commodities), IIFL Securities, said silver is trading lower due to low physical demand and diminished investment demand as traders and investors are moving towards equity market and IPOs amidst the current euphoria.

Is silver going up or down in 2021?

For 2021, further growth in physical silver investment is expected, such as silver bullion coins and silver bars. This silver market segment should rise for a fourth year, jumping 26 percent to 252.8 million ounces — that would be the highest level since 2015.

A stronger dollar tends to be overall negative not only for silver but for other assets as well. That is because these assets are usually traded in dollars. Second, silver price is falling because of the rising number of COVID-19 cases in several countries. Just yesterday, the UK confirmed more than 6,000 new cases, the highest figure in months.

What was the price of silver in October?

Silver Price forecast for October 2021. In the beginning price at 26.17 Dollars. High price 26.17, low 23.32. The average for the month 25.05. The Silver Price forecast at the end of the month 24.55, change for October -6.2%. Silver Price Forecast For Tomorrow And Month.

What’s the silver price forecast for December 2020?

The Silver Price forecast at the end of the month 17.33, change for November 6.2%. Silver Price forecast for December 2020. In the beginning price at 17.33 Dollars. High price 17.33, low 15.45. The average for the month 16.59. The Silver Price forecast at the end of the month 16.26, change for December -6.2%. Silver Price forecast for January 2021.

What was the price of silver in August 2021?

Silver Price forecast for August 2021. In the beginning price at 26.27 Dollars. High price 29.30, low 26.27. The average for the month 27.44. The Silver Price forecast at the end of the month 27.90, change for August 6.2%. Silver Price forecast for September 2021. In the beginning price at 27.90 Dollars. High price 27.90, low 24.86.