Ask the Experts: 2021 Gold and Silver Investment Opportunities

Ned Naylor-Leyland, Head of Strategy, Gold & Silver, Jupiter Asset Management has shared his view on the monetary metals markets. 1. Looking ahead to the rest of 2021, what can we expect the gold price to do? Higher prices are expected due to dovish forward guidance and dovish policy. 2. Is that a similar situation for silver? Silver outperformed gold so far this year, and we hold a bullish view towards silver, given the very tight silver market. 3. Turning to changes in the US, what does a democratic presidency mean for gold and silver? And should we expect a change in their direction of the US dollar? The weakening pattern of the US dollar will continue. Democrats’ looser monetary and fiscal policy will favor gold and silver. Inflationary pressure is a bigger drive for gold and silver prices 4. Are Gold and Silver mining companies doing well at the moment in a COVID-affected world? And do you see any new mining themes emerging? The overall trends in mining are well set with no much new themes emerging, and multiple aspects in mining are improving. There is a positive backdrop for the bullion markets and miners, but all markets now are very momentum based, which will depend on level of participation.