Silver Price Forecasts for 2024 & Long-term Predictions for Next 5 - 25 years

The future outlook for silver is optimistic. The answer to the question of whether silver prices are expected to rise is affirmative. The average price of the metal in the next decades will be higher than in the previous decades. There are several reasons for this:

• high inflation rates;
• growing demand from institutional investors;
• increased industrial consumption.

Contrary to gold, however, silver is still not predicted to experience crazy rallies. The historic highs of 1980 and 2011 were the result of speculation. And the peak price was short-lived.

According to most forecasts, silver prices can be expected to reach triple digits closer to 2050. Few analysts are convinced that silver will cross $100 in the next 10 years.

The main reasons for this:

• silver is more abundant in the Earth's crust than gold, and it's cheaper to mine;
• industrial demand is high, but inventory levels are covering it;
• the liquidity of the asset is low, discouraging the interest of retail investors with small capital;
• Silver is not used by central banks in various countries to hold reserves.

According to the Silver Institute, Since 2020, industrial demand for silver has been growing. In 2023, it increased by a total of 11%.

For the next 10 years, silver price forecasts are generally optimistic. Experts predict no decrease in quotations. Yet the best result, which is promised by analysts, is about $100. Это оценка Coin Price Forecast.

But most experts expect only approaching the historical maximum. BeatMarket specialists agree with this view. Silver does not have the same investment demand as gold and is not considered a traditional safe-haven asset. The price increase in 2020 was driven by a unique situation, and a repeat of such a scenario is unlikely. It is doubtful that silver will turn out to be the most favorable asset on the horizon for a decade.

Long-term forecasts are even more variable than short-term ones. Experts mention the following ranges:

1. $80-$109 — platform Gov Capital;
2. $41,38-$43,70 — website coinpriceforecast.com;
3. $18,53-$20,80 — service Long Forecast.

BeatMarket experts see factors indicating a likely increase in the price of silver. Firstly, this is the growth in demand from green energy. Secondly, lagging behind gold, which used to be played out by the market.

Therefore, we disagree with the negative forecast. At the same time, we consider the $100 mark to be overestimated. In our opinion, the moderate forecast has the highest probability. We expect that by the end of 2028, the price per ounce will not exceed $45.

Some experts believe silver will reach a price of $75-$80 by 2030. But the average forecast value is $50-$55. For example, this level is considered achievable by experts of the Red Cloud Financial Services platform. This result gives a growth of more than x2 relative to the 2023 level. However, there are also those analysts who expect $27-$30 per ounce.

The most popular scenario forecasts an increase in silver prices to $75-$85 by 2030. Forecasts within this range can be seen on many platforms, such as Coin Price Forecast. However, BeatMarket experts hold a less optimistic view. Our target price is $55-$60. Currently, there are no fundamental factors that would lead to a higher increase in value. Prices above $60 could be the result of one of two reasons:

• Trader speculation;
• A sharp increase in industrial demand.

It is difficult to predict the long-term price of silver. Its level is influenced by many factors. Experts' assessments differ greatly. The following figures can be used as benchmarks:

• minimum — $50;
• medium level — $78;
• maximum — $138.

This valuation is provided by the experts at Investing Cube. The minimum threshold is calculated based on fundamental factors. The range of $78-$138 is derived using technical analysis tools.

The most optimistic estimate is $289.59, suggested by analysts at Bit Screener. However, BeatMarket experts consider the most likely range to be $50-$75 per ounce. This threshold aligns with the current pace of demand growth for silver. An increase in demand could be driven by the active development of green energy, particularly the expansion of solar panel technology.

Solar power is predicted to require 500 million ounces of silver per year by 2050. This represents almost half of the total current demand. Solar panel production is one of the most important applications of silver. It is predicted that all reserves will be used for green energy by 2050. This is one of the reasons why quotations are predicted to rise above $100.

The Gold/silver ratio remains quite stable over long periods. Deviations from the average values occur frequently. But in the end, the quotation ratio is leveling out. This is the second reason why experts are confident in the growth of the value of silver.

But there is an opposite point of view. It says that the industry will find an alternative to silver. This will lead to a decrease in interest in the metal. That, in turn, will not allow quotations to rise above the level of $50. In addition, silver has not established itself as a profitable asset in recent decades. Although there has been an increase in demand from manufacturing during this time.