The key feature of silver as an investment asset is the real value of silver. Silver is primarily a physical commodity. That makes it impossible for its value to fall to zero. Therefore, it also makes it a proper instrument for inflation protection.
Key information about the silver price forecast is summarized below:
The price of silver is largely determined by the balance of supply and demand. But market expectations of a recession are making serious adjustments. The best time to invest in this metal is during periods of economic growth.
The 2008 crisis was deflationary in nature. Silver was getting cheaper, as well as other assets. From the beginning of March to November its quotations fell by more than half. They fell to $9 per ounce.
-26.90%Between April and May, silver traded around an all-time high of $49. This short-term peak was due to expectations of high inflation rates. Concerns related to the downgrade of the US credit rating played an important role.
+55.73%Amid panic in March, the price fell to $11.77. But already by August, the silver market reached the maximum for 7 years. Quotes reached $29.14 per ounce. This was due to the growing demand for the metal amid falling supply. Because of the pandemic, 101 mines were closed. The volume of mining has decreased dramatically.
+47.44%The price of silver is showing positive dynamics. There is every reason to believe that this situation will not change in the coming days. The current moment is well suited for increasing positions in the metal, regardless of the investment horizon.
Silver price forecasting can be based on technical analysis. For this purpose, popular tools and indicators are used. For example:
The data on popular indicators and tools are given below. You can adjust your trading strategy based on them.
Buy: 70.98%
Sell: 29.02%
Neutral: -0%
BuyHeader | Sell | Neutral | Buy | Action |
Moving Averages |
83% |
- |
17% |
Strong Sell |
Momentum Oscillators |
71% |
15% |
14% |
Sell |
Trend Oscillators |
67% |
- |
33% |
Sell |
Volatility |
- |
100% |
- |
Neutral |
Name | Value | Action |
RSI(14) |
47.374 |
Neutral |
STOCH(9,6) |
35.892 |
Sell |
STOCHRSI(14) |
33.250 |
Sell |
Williams %R |
-62.391 |
Sell |
CCI(14) |
-69.0803 |
Sell |
ROC |
-0.216 |
Sell |
Ultimate Oscillator |
60.070 |
Buy |
Period | Simple | Exponential |
MA5 |
MA5 |
27.255 |
MA10 |
MA10 |
27.265 |
MA20 |
MA20 |
27.257 |
MA50 |
MA50 |
27.399 |
MA100 |
MA100 |
27.661 |
MA200 |
MA200 |
27.816 |
Pivot | Classic | Fibonacci | Camarilla | Woodie's | DeMark's |
S3 | 26.906 | 27.033 | 27.178 | 26.894 | - |
S2 | 27.033 | 27.122 | 27.199 | 27.027 | - |
S1 | 27.138 | 27.176 | 27.221 | 27.126 | 27.085 |
Pivot Points | 27.265 | 27.265 | 27.265 | 27.259 | 27.238 |
R1 | 27.370 | 27.354 | 27.263 | 27.358 | 27.317 |
R2 | 27.497 | 27.408 | 27.285 | 27.491 | - |
R3 | 27.602 | 27.497 | 27.306 | 27.590 | - |
The current silver outlook is negative. Analysts and technical analysis indicators expect a steady decline in quotations. This trend will continue for at least the next week.
Date | Min forecast price | Max forecast price | Change |
02.05.2024 | 24.44 USD | 27.02 USD | -0.64 USD (-2.48%) |
03.05.2024 | 24.63 USD | 27.23 USD | +0.2 USD (0.77%) |
06.05.2024 | 24.42 USD | 26.99 USD | -0.23 USD (-0.88%) |
07.05.2024 | 24.66 USD | 27.26 USD | +0.26 USD (0.98%) |
08.05.2024 | 24.52 USD | 27.10 USD | -0.15 USD (-0.58%) |
09.05.2024 | 24.62 USD | 27.22 USD | +0.11 USD (0.42%) |
10.05.2024 | 23.39 USD | 25.85 USD | -1.3 USD (-5.28%) |
13.05.2024 | 23.74 USD | 26.24 USD | +0.37 USD (1.48%) |
14.05.2024 | 23.76 USD | 26.26 USD | +0.02 USD (0.08%) |
15.05.2024 | 23.85 USD | 26.37 USD | +0.1 USD (0.4%) |
16.05.2024 | 23.22 USD | 25.66 USD | -0.67 USD (-2.74%) |
17.05.2024 | 24.04 USD | 26.57 USD | +0.87 USD (3.42%) |
20.05.2024 | 23.55 USD | 26.03 USD | -0.52 USD (-2.08%) |
21.05.2024 | 23.96 USD | 26.48 USD | +0.43 USD (1.7%) |
22.05.2024 | 23.77 USD | 26.27 USD | -0.2 USD (-0.8%) |
23.05.2024 | 24.04 USD | 26.57 USD | +0.29 USD (1.13%) |
24.05.2024 | 24.36 USD | 26.92 USD | +0.34 USD (1.31%) |
27.05.2024 | 24.88 USD | 27.50 USD | +0.55 USD (2.1%) |
28.05.2024 | 24.61 USD | 27.21 USD | -0.28 USD (-1.08%) |
29.05.2024 | 25.61 USD | 28.31 USD | +1.05 USD (3.89%) |
30.05.2024 | 26.67 USD | 29.47 USD | +1.11 USD (3.95%) |
31.05.2024 | 26.79 USD | 29.61 USD | +0.13 USD (0.46%) |
03.06.2024 | 26.79 USD | 29.61 USD | +0 USD (0%) |
04.06.2024 | 27.15 USD | 30.01 USD | +0.38 USD (1.33%) |
Silver predictions for the next 5 years are uncertain. A prolonged sideways trend is expected in the quotations. At the moment it is impossible to make a reliable forecast on price dynamics. It is expected to fluctuate in a narrow corridor of 5-10%.
The reason is that the market is affected by multidirectional factors. These include:
It is unlikely that any of these factors will play a decisive role. The strength of each will wax and wane. This will lead to constant change of quotation direction without a pronounced long-term trend.
Date | Min forecast price | Max forecast price | Change |
01.12.2024 | 25.776 USD | 25.944 USD | -0.51 USD (-1.97%) |
01.12.2025 | 25.928 USD | 26.112 USD | +0.16 USD (0.61%) |
01.12.2026 | 26.083 USD | 26.277 USD | +0.16 USD (0.61%) |
01.12.2027 | 26.240 USD | 26.444 USD | +0.16 USD (0.61%) |
01.12.2028 | 26.401 USD | 26.548 USD | +0.13 USD (0.5%) |
01.04.2029 | 27.491 USD | 28.006 USD | +1.27 USD (4.59%) |
Silver price expectations are negative. It is inexpedient to buy the metal now in order to sell it in 2024. Its quotations will be under pressure due to high interest rates. It is doubtful that industrial demand will be able to provide them with serious support.
Date | Min forecast price | Max forecast price | Change |
01.07.2024 | 25.577 USD | 26.397 USD | -0.38 USD (-1.47%) |
01.08.2024 | 26.283 USD | 26.740 USD | +0.52 USD (1.98%) |
01.09.2024 | 25.806 USD | 26.922 USD | -0.15 USD (-0.56%) |
01.10.2024 | 25.689 USD | 26.000 USD | -0.52 USD (-2.01%) |
01.11.2024 | 25.908 USD | 25.995 USD | +0.11 USD (0.41%) |
01.12.2024 | 25.776 USD | 25.944 USD | -0.09 USD (-0.35%) |
According to the forecast for silver prices, the asset will demonstrate no high yield. The cost of metal will move in a narrow corridor. The reasons for the expected stagnation are recession and lower investment demand.
Date | Min forecast price | Max forecast price | Change |
01.01.2025 | 25.963 USD | 26.306 USD | -0.23 USD (-0.9%) |
01.02.2025 | 26.332 USD | 26.817 USD | +0.44 USD (1.66%) |
01.03.2025 | 26.751 USD | 26.914 USD | +0.26 USD (0.96%) |
01.04.2025 | 26.882 USD | 27.383 USD | +0.3 USD (1.11%) |
01.05.2025 | 26.093 USD | 26.805 USD | -0.68 USD (-2.58%) |
01.06.2025 | 25.742 USD | 26.336 USD | -0.41 USD (-1.57%) |
01.07.2025 | 25.722 USD | 26.549 USD | +0.1 USD (0.37%) |
01.08.2025 | 26.428 USD | 26.849 USD | +0.5 USD (1.89%) |
01.09.2025 | 25.965 USD | 27.071 USD | -0.12 USD (-0.45%) |
01.10.2025 | 25.861 USD | 26.161 USD | -0.51 USD (-1.95%) |
01.11.2025 | 26.068 USD | 26.155 USD | +0.1 USD (0.38%) |
01.12.2025 | 25.928 USD | 26.112 USD | -0.09 USD (-0.35%) |
In 2026, quotations will show no significant changes. During the year, short-term growth is expected, followed by localized corrections. By the end of the period, the cost of silver will practically not differ from the level of 2025.
Date | Min forecast price | Max forecast price | Change |
01.01.2026 | 26.098 USD | 26.452 USD | -0.09 USD (-0.36%) |
01.02.2026 | 26.476 USD | 26.945 USD | +0.44 USD (1.63%) |
01.03.2026 | 26.917 USD | 27.066 USD | +0.28 USD (1.04%) |
01.04.2026 | 27.043 USD | 27.529 USD | +0.29 USD (1.08%) |
01.05.2026 | 26.263 USD | 26.943 USD | -0.68 USD (-2.57%) |
01.06.2026 | 25.894 USD | 26.488 USD | -0.41 USD (-1.57%) |
01.07.2026 | 25.867 USD | 26.696 USD | +0.09 USD (0.34%) |
01.08.2026 | 26.578 USD | 27.101 USD | +0.56 USD (2.08%) |
01.09.2026 | 26.151 USD | 27.235 USD | -0.15 USD (-0.55%) |
01.10.2026 | 26.006 USD | 26.320 USD | -0.53 USD (-2.03%) |
01.11.2026 | 26.221 USD | 26.312 USD | +0.1 USD (0.39%) |
01.12.2026 | 26.083 USD | 26.277 USD | -0.09 USD (-0.33%) |
In 2027, silver prices are not expected to fluctuate significantly. For a long time this metal will remain at the same price levels. The reason for this is that it is less interesting to investors than gold.
Date | Min forecast price | Max forecast price | Change |
01.01.2027 | 26.233 USD | 26.599 USD | +0.05 USD (0.18%) |
01.02.2027 | 26.622 USD | 27.072 USD | +0.43 USD (1.61%) |
01.03.2027 | 27.066 USD | 27.230 USD | +0.3 USD (1.11%) |
01.04.2027 | 27.180 USD | 27.673 USD | +0.28 USD (1.02%) |
01.05.2027 | 26.406 USD | 27.015 USD | -0.72 USD (-2.68%) |
01.06.2027 | 26.062 USD | 26.636 USD | -0.36 USD (-1.37%) |
01.07.2027 | 26.019 USD | 26.838 USD | +0.08 USD (0.3%) |
01.08.2027 | 26.734 USD | 27.243 USD | +0.56 USD (2.07%) |
01.09.2027 | 26.305 USD | 27.404 USD | -0.13 USD (-0.5%) |
01.10.2027 | 26.151 USD | 26.476 USD | -0.54 USD (-2.06%) |
01.11.2027 | 26.375 USD | 26.468 USD | +0.11 USD (0.41%) |
01.12.2027 | 26.240 USD | 26.444 USD | -0.08 USD (-0.3%) |
Date | Min forecast price | Max forecast price | Change |
01.01.2028 | 26.450 USD | 26.768 USD | +0.24 USD (0.9%) |
01.02.2028 | 26.770 USD | 27.299 USD | +0.43 USD (1.57%) |
01.03.2028 | 27.215 USD | 27.390 USD | +0.27 USD (0.98%) |
01.04.2028 | 27.415 USD | 27.838 USD | +0.32 USD (1.17%) |
01.05.2028 | 26.554 USD | 27.253 USD | -0.72 USD (-2.69%) |
01.06.2028 | 26.178 USD | 26.790 USD | -0.42 USD (-1.58%) |
01.07.2028 | 26.214 USD | 27.006 USD | +0.13 USD (0.47%) |
01.08.2028 | 26.894 USD | 27.436 USD | +0.56 USD (2.04%) |
01.09.2028 | 26.436 USD | 27.563 USD | -0.17 USD (-0.61%) |
01.10.2028 | 26.304 USD | 26.629 USD | -0.53 USD (-2.01%) |
01.11.2028 | 26.530 USD | 26.621 USD | +0.11 USD (0.41%) |
01.12.2028 | 26.401 USD | 26.548 USD | -0.1 USD (-0.38%) |
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:
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:
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 $80. Most of them expect only approaching the historical maximum. 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:
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 that silver will reach a price of $75-$80 by 2030. But the average forecasted price is $50-$55. Even such a result gives a growth of more than x2 compared to the level of 2023. For example, experts from the Red Cloud Financial Services platform consider this level achievable. However, there are analysts who expect $27-$30 per ounce.
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:
According to predictions, solar energy by 2050 will require 500 million ounces of silver per year. 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.
Silver, as with most commodities, is considered a defense against inflation. But this is true when rapid price growth is accompanied by positive expectations. Precious metal prices often fall when a recession is anticipated.
US dollar fluctuations have a significant impact on silver prices. The stronger the dollar, the more pressure on the price. A weak dollar relative to other world currencies favors its growth.
Another important factor is fluctuations in the exchange rate of the most popular metal. Silver quotes quite often follow the dynamics of gold. But sometimes it happens with a noticeable time lag.
Half of the demand for silver is formed by industry. Accordingly, the price of the metal is growing on expectations of lower production levels. This can also happen in case of political conflicts.
But more often the deterioration of the geopolitical situation affects first of all the price of gold. And then, silver quotations are only indirectly affected.
The value of a troy ounce is inversely proportional to the Federal Reserve rate. The higher the rate, the more profitable risk-free assets - deposits and bonds. Therefore, investors are less interested in risky investments. In addition, there is a lower probability that the final profit will justify the risks.
As the pandemic demonstrated, lower production levels lead to higher prices. Many experts note that the industry is already experiencing a shortage of the metal. But there is no reason to believe that there will be an acute shortage of silver in the coming years.
The silver price chart is descending. There is no reason to believe that the trend will be reversed in the coming days. It is advisable to postpone the purchase of the asset.
The silver price forecast for the next 6-12 months is positive. Experts believe that quotations will go up under the influence of several factors at once. It is unlikely that the bears will be able to reverse the positive mood of the market.
Silver price forecasts for the long-term outlook are positive. Experts hope to see quotations continue to grow. On the horizon of 10 years, a renewal of the historical maximum is predicted.
Experts say that in the future silver prices will be higher than the current ones. Many analysts believe that in 10 years, quotations will approach the $70-$80 threshold.
The average price quoted in the forecasts is $55. But the exact figure will depend on the inflation rate. The industry's demands for increased production will also have an impact.
Such a scenario is unlikely to happen. Few analysts predict a multiple of silver's value even on a decades-long horizon.
Silver quotes have exceeded this mark several times. There are reasons to assume that it will happen again.
This is very unlikely. Manufacturing accounts for half of the demand for silver. In recessionary periods, production declines. So demand for the metal will fall.
This is likely to happen after a few decades due to inflation. There are also experts who claim that silver is now severely undervalued. They predict a rise in quotations above $100 already in the coming years.
No. He bought the metal in 1997 and held it until 2006, but then sold all the bullion. Since then, Buffett has not returned to investing in silver.
Such forecasts are out there. They are based on expectations of rapid industrial growth. However, this opinion is not shared by all experts.
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