The Silver Institute

Silver Price
Silver experienced a notable improvement in investor sentiment in 2019, boosting
the average annual silver price to its first increase in four years, up 4 percent to
$16.21. The outlook for silver remains positive, with the annual average price
projected to rise by 13% to a six-year high of $18.40 in 2020. This rally is premised
mainly on a positive spillover from gains in gold, as the yellow metal will continue
to benefit from macroeconomic and geopolitical uncertainties across critical
economies. The weight of institutional money flowing into a relatively small market
should prove sufficient for silver to outperform gold and could cause the gold:silver
ratio to drop to the mid to high-70s later this year