Summary List Placement UBS Global Wealth Management strategists said silver and platinum will outperform gold in 2021 as the economy recovers and industrial demand picks up. A greater focus from policymakers on renewable energy and decarbonization in 2021 may also help silver. According to UBS, more than 50% of silver used in industrial applications is linked to solar panels and electronics. Meanwhile, gold will struggle to attract sufficient exchange-traded fund inflows to sustain prices north of $1,900, said UBS. The firm sees the asset finishing the year 2.5% below current levels, at $1,800 per ounce.