Silver Price Analysis: XAG/USD to outperform gold in 2022 – ANZ

The electronic and solar sectors are set to support silver throughout the next year. Economists at ANZ Bank expect XAG/USD to find a floor around $20.80 and outperform gold in 2022.

Silver to outperform gold in 2022

“Silver is likely to largely follow gold, but the market balance looks supportive through 2022.”

“We expect fabrication demand to increase by 3% YoY to 572moz, supported by electronic and solar sectors.” 

“Automotive industry demand for silver is rising and is estimated to increase from 61moz to 88moz by 2025, according to Metal Focus.”

“We expect silver to outperform gold in 2022, with prices finding a floor near $20.8/oz.”

See – Gold Price Forecast: XAU/USD to sink towards $1,600 by end-2022 – ANZ