4 Gold and Silver ETFs That Could Make New Highs in 2021

4 Gold and Silver ETFs That Could Make New Highs in 2021

The precious metals market plummeted on the positive vaccine news earlier this week. With an expected V-shaped recovery amplified by the effectiveness of the vaccine, investors shifted their focus from safe-haven assets to risky assets. Following this news, both gold and silver witnessed a sell-off.

However, even if the vaccine clears all the FDA tests for approval, widespread immunization is months away. Economic pain and high unemployment levels require government stimulus, which is long overdue. There are fading hopes for another fiscal stimulus package when the Fed is encouraging both inflation and stimulus.

The global economy continues to remain weak, short-term interest rates remain unchanged, and central banks are continuing with their loose monetary policy. The value of precious metals is inversely linked to the economy. Consequently, investors will soon turn to precious metals in protecting their investments, and hedge against inflation and economic uncertainty.

As ETFs provide a broad and diversified […]

About the author: StockMan

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