The prices of precious metals dropped back last week. Silver was the worst performer, with the price falling by around 5% as investors continued to sell holdings in ETFs and the prices of industrial metals declined more broadly. As a result, the gold/silver ratio ticked up. Elsewhere, the price of platinum eased back this week, while the price of palladium was little changed. Strategists at Capital Economics update their forecast for these precious metals by the end of 2021. Key quotes “We expect the price of silver to continue to fall relative to gold as industrial metals prices drop back. Our end-year forecasts are $20 and $1,600 per ounce for silver and gold respectively.” “We think that the short-term outlook is brighter for palladium than platinum. Our view is primarily due to demand-side factors, which we think will keep the palladium market in deficit and push the platinum market back into surplus.” “We have revised up our end-year forecast for palladium to $2,700 per ounce, while we think platinum will fall to $900 per ounce.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD clings to gains above 1.2600 mark amid stronger USD, sliding oil prices FX Street 1 year The prices of precious metals dropped back last week. Silver was the worst performer, with the price falling by around 5% as investors continued to sell holdings in ETFs and the prices of industrial metals declined more broadly. As a result, the gold/silver ratio ticked up. Elsewhere, the price of platinum eased back this week, while the price of palladium was little changed. Strategists at Capital Economics update their forecast for these precious metals by the end of 2021. Key quotes "We expect the price of silver to continue to fall relative to gold as industrial metals prices drop back.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.