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Silver and platinum will outperform gold in 2021 - UBS

  • UBS Global Wealth Management strategists said silver and platinum will outperform gold in 2021 as the economy recovers and industrial demand picks up. 
  •  A greater focus from policymakers on renewable energy and decarbonization in 2021 may also help silver. According to UBS, more than 50% of silver used in industrial applications is linked to solar panels and electronics. 
  • Meanwhile, gold will struggle to attract sufficient exchange-traded fund inflows to sustain prices north of $1,900, said UBS.
  • The firm sees the asset finishing the year 2.5% below current levels, at $1,800 per ounce. 

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