It is worth looking into silver next year after its unsuccessful investment year this 2021.

The ratio of gold to silver also indicates the potential superiority of silver.

According to Peter Schiff, chief economist and global strategist at Euro Pacific Capital, the gold to silver ratio is 80 to 1.

Silver's price movements this year suffered in part due to supply disruptions and a significant increase in electricity costs. Nevertheless, its industrial component will drive the price of the precious metal upward next year as some supply chain issues are addressed.

The Silver Institute predicts that there will be a supply gap in 2022 due to rising industrial demand and global decarbonization efforts.

According to the commodity strategists at BofA (Bank of America), the transition to more solar energy is another important factor that can lead to an increase in silver prices.

Analysts' price predictions for next year range from $ 24 per ounce to over $ 30 per ounce.

Commerzbank's analyst Carsten Fritsch believes that silver will hit $ 26 an ounce in 2022.

Silver should be considered as a means of protection against inflation next year. According to Lee Goehring, managing partner of Goehring & Rozencwajg Associates, silver is a typical inflationary metal.

Goehring also does not rule out that silver could rise to more than $ 500 in the long term, probably this decade. According to him, if the ratio of gold to silver falls to 20:1, and gold reaches $ 10,000, then there is a chance that silver will be worth $ 500. A decade of scarcity will come, people will become poorer, and only those who own gold and silver will not be affected by inflation.