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

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.

Gold has similar qualities. But silver has a few differences from the most popular of the precious metals:

  • high demand in industry (electric vehicles, solar photovoltaic installations, etc.);
  • availability for a wide range of people due to lower price;
  • less popularity among investors (silver is hardly ever used in conservative strategies);
  • higher volatility of quotations (silver does not fulfill the requirements for a safe haven).
Month
1 year
3 years

About Silver

Traditionally, both silver and gold are considered "true" money. Both metals have an inverse correlation to the U.S. dollar. But in times of economic turmoil, the outlook for silver prices is negative. Investors seek shelter in gold with the Gold/silver ratio rising. Silver begins to overtake "its competitor" during periods of production recovery.

It is worth adding this asset to your portfolio for those who:

This precious metal is a good asset to diversify a large portfolio. However, it is improper for holding an emergency fund.

Investments in physical silver provide no passive income. As an alternative, you can consider buying stocks of mining companies, such as First Majestic Silver (AG).

These kinds of assets pay dividends. Besides, they are unlikely to suffer in the event of a crisis like the dot-com bubble.


Key Findings

  • The long-term outlook for silver is moderately optimistic. Specialists expect the price of an ounce to be at least $50 in 2050. The boldest predictions promise growth of quotations up to $100.
  • Silver forecast 2024 is bullish. For example, JPMorgan expects the price to reach $30 by the fourth quarter. And InvestingHaven.com experts are confident that the market will test the level of $32 in the first half of the year.
  • But there are also pessimistic analysts. According to the Longforecast service, the price of silver will not exceed $24 by the end of 2024.
  • BeatMarket's forecast for the coming month is neutral.

Price Today

30.73$

Price for next year 2024

32.76$

Long-term price 2025-2030

30.71$

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.

Silver Price History Chart

Key dates

2008 year

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%

2011 year

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%

2020 year

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%

Silver forecast for today

Growth

Silver price demonstrates positive dynamics. There is every reason to believe that this situation will not change in the coming days. The current moment is proper for building up positions in the metal regardless of the investment horizon.

Minimum forecast cost

27.73 USD

Maximum Forecast Value

30.65 USD

% value change

-0.66%

Silver Technical Analysis

Silver bars

Silver price forecasting can be based on technical analysis. For this purpose, popular tools and indicators are used. For example:

  1. Bollinger Bands consist of three lines. When the stock price chart touches the upper or lower extreme, it signals a potential change in price direction.
  2. Moving averages are used to identify support and resistance points, and they also help forecast a trend reversal. If stock prices are above the moving average, it is considered a buy signal.
  3. The RSI (Relative Strength Index) is used to determine moments of overbought or oversold conditions. If the indicator exceeds 70%, the asset is considered overbought, and there is a high probability of a price decline. An asset is deemed oversold if the RSI value is below 30%.

The technical analysis tools listed are among the simplest for beginner investors. However, they can provide fairly reliable forecasts.

All technical analysis indicators share a common drawback: they only consider past data. As a result, some signals may turn out to be false. Fundamental factors and significant news can lead to abrupt changes in trends.

The data on popular indicators and tools are given below. You can adjust your trading strategy based on them.

Buy
8.33% Sell
41.67% Neutral
50% Buy

Oscillators

Neutral

Buy: 0%

Sell: 16.67%

Neutral: 83.33%

Moving Averages

Strong Buy

Buy: 100%

Sell: 0%

Neutral: 0%

Trend Indicators

Header Sell Neutral Buy Action
Moving Averages

0%

0%

100%

Strong Buy
Oscillators

16.67%

83.33%

0%

Neutral

Oscillators

Name Value Action
RSI(14)

59.11

Neutral
Stochastic %K (14, 3, 3)

39.56

Neutral
Stochastic RSI Fast (3, 3, 14, 14)

39.56

Neutral
Williams Percent Range (14)

-17.24

Sell
CCI(20)

99.58

Neutral
Ultimate Oscillator (7, 14, 28)

58.37

Neutral

Moving Averages

Period Simple Exponential
MA10

29.03

29.45

MA20

29.5

28.87

MA30

28.33

28.2

MA50

26.32

27.08

MA100

24.74

25.48

MA200

24.18

23.85

Pivot Points

Pivot Classic Fibonacci Camarilla Woodie Demark
Middle 23.272 23.272 23.272 23.4021 22.4312
S3 10.8312 17.0516 22.06739 14.4546 -
S2 17.0516 19.4277928 22.637593333333 17.1817 -
S1 20.4148 20.8958072 23.207796666667 20.675 18.7332
R1 26.6352 25.6481928 24.348203333333 26.8954 24.9536
R2 29.4924 27.1162072 24.918406666667 29.6225 -
R3 35.7128 29.4924 25.48861 33.1158 -

Silver price forecast for next week: day by day

The forecast for silver prices is positive. A strong uptrend is expected in the coming week. This is due to investors' optimism about real assets. The expectation of weakening of the dollar exchange rate also has a significant impact on the quotations.

Date Min forecast price Max forecast price Change
18.09.2024 29.55 USD 32.67 USD +0.38 USD (1.23%)
19.09.2024 30.36 USD 33.56 USD +0.85 USD (2.66%)
20.09.2024 31.63 USD 34.95 USD +1.33 USD (4%)
23.09.2024 31.96 USD 35.32 USD +0.35 USD (1.04%)
24.09.2024 31.98 USD 35.34 USD +0.02 USD (0.06%)
25.09.2024 32.50 USD 35.92 USD +0.55 USD (1.61%)
26.09.2024 31.48 USD 34.80 USD -1.07 USD (-3.23%)
27.09.2024 32.12 USD 35.50 USD +0.67 USD (1.98%)
30.09.2024 32.34 USD 35.74 USD +0.23 USD (0.68%)
01.10.2024 31.73 USD 35.07 USD -0.64 USD (-1.92%)
02.10.2024 31.38 USD 34.68 USD -0.37 USD (-1.12%)
03.10.2024 30.78 USD 34.02 USD -0.63 USD (-1.94%)
04.10.2024 31.47 USD 34.79 USD +0.73 USD (2.2%)
07.10.2024 30.60 USD 33.82 USD -0.92 USD (-2.86%)
08.10.2024 30.67 USD 33.89 USD +0.07 USD (0.22%)
09.10.2024 30.74 USD 33.98 USD +0.08 USD (0.25%)
10.10.2024 31.66 USD 35.00 USD +0.97 USD (2.91%)
11.10.2024 31.00 USD 34.26 USD -0.7 USD (-2.15%)
14.10.2024 31.13 USD 34.41 USD +0.14 USD (0.43%)
15.10.2024 31.16 USD 34.44 USD +0.03 USD (0.09%)
16.10.2024 31.61 USD 34.93 USD +0.47 USD (1.41%)
17.10.2024 32.29 USD 35.69 USD +0.72 USD (2.12%)
18.10.2024 33.23 USD 36.73 USD +0.99 USD (2.83%)
21.10.2024 32.87 USD 36.33 USD -0.38 USD (-1.1%)

Silver Price Predictions for Next 5 years

The silver price forecast for the next 5 years is negative. Financial consultants recommend reducing positions in the metal. This is also indicated by the results of technical analysis on large timeframes.

First of all, the negativity is caused by expectations of recession and financial crises. It makes investors look for more predictable assets. The high interest rate also plays an important role. It makes risk-free instruments attractive.

An important factor is the current price. Now the quotes are below the historical maximum. But they are higher than they were for most of the last decade. Against this background, many investors are wary of building up positions in the metal.

Date Min forecast price Max forecast price Change
01.12.2024 27.673 USD 27.839 USD -2.97 USD (-10.71%)
01.12.2025 28.630 USD 28.814 USD +0.97 USD (3.36%)
01.12.2026 29.589 USD 29.778 USD +0.96 USD (3.24%)
01.12.2027 30.552 USD 30.750 USD +0.97 USD (3.16%)
01.12.2028 31.516 USD 31.661 USD +0.94 USD (2.97%)
01.09.2029 33.529 USD 33.591 USD +1.97 USD (5.87%)

Silver Price Forecast 2024

Expert forecasts for 2024 range from $27 to $48. The most optimistic assessment comes from specialists at the Silver Institute, who believe that a surge in prices will result from geopolitical tensions and increased demand.

The lowest estimate is provided by the service Gov Capital. This platform uses mathematical algorithms based on data from previous years, which does not account for changes in fundamental factors.

The most common expectation for silver prices is around $30 by the end of 2024, as predicted by Citigroup, Commerzbank, JP Morgan, and others. Experts at BeatMarket consider this forecast to be the most likely.

In our view, an increase in demand will contribute to the rise in prices. A reduction in the Federal Reserve rate will also have an influence. If the latter does not occur, reaching the $30 threshold becomes less likely.

Date Min forecast price Max forecast price Change
01.11.2024 27.764 USD 27.885 USD -2.9 USD (-10.44%)
01.12.2024 27.673 USD 27.839 USD -0.07 USD (-0.25%)

Silver Price Forecast 2025

Expert forecasts for 2025 differ slightly from predictions for 2024. Below are some of the most interesting estimates:

  • $26 - $28 from Wallet Investor: This price level is likely if high interest rates are maintained.;
  • $35 - $38 from Coin Price Forecast: This threshold is achievable if the current pace of demand growth continues and there is a moderate reduction in rates.;
  • $40 from Gov Capital: Such quotes are realistic only with a significant decrease in the Federal Reserve rate and an increase in demand for silver..
  • The most optimistic forecast comes from Investing Heaven, with a target price of $48. This assessment results from expectations of increased investor yield requirements. According to platform experts, in 2025, capital will shift into alternative assets, leading to a new rally in metals..

In the view of BeatMarket experts, the most likely scenario is a pessimistic one.

Date Min forecast price Max forecast price Change
01.01.2025 27.862 USD 28.287 USD -2.65 USD (-9.45%)
01.02.2025 28.320 USD 28.873 USD +0.52 USD (1.83%)
01.03.2025 28.885 USD 29.059 USD +0.38 USD (1.3%)
01.04.2025 29.081 USD 29.541 USD +0.34 USD (1.16%)
01.05.2025 28.711 USD 29.079 USD -0.42 USD (-1.44%)
01.06.2025 28.428 USD 29.033 USD -0.16 USD (-0.57%)
01.07.2025 28.454 USD 29.118 USD +0.06 USD (0.19%)
01.08.2025 29.016 USD 29.556 USD +0.5 USD (1.71%)
01.09.2025 28.528 USD 29.736 USD -0.15 USD (-0.53%)
01.10.2025 28.436 USD 28.792 USD -0.52 USD (-1.81%)
01.11.2025 28.724 USD 28.849 USD +0.17 USD (0.6%)
01.12.2025 28.630 USD 28.814 USD -0.06 USD (-0.22%)

Silver Price Forecast 2026

The most optimistic forecast for silver in 2026 predicts a rise in prices to $50-$68, as projected by Gov Capital. Other experts are much more pessimistic. A "golden middle" can be considered the range of $41.68 - $45.92, according to analysts from Coin Price Forecast.

The lowest estimate is provided by Wallet Investor. Their experts expect a decrease in prices to $25. This viewpoint is based on the fact that silver has been in a sideways trend for a long time. Analysts from the platform see no reasons for a break in this trend. BeatMarket experts agree with this view. Our forecast for silver in 2026 is a price below $30.

Date Min forecast price Max forecast price Change
01.01.2026 28.800 USD 29.236 USD -1.71 USD (-5.89%)
01.02.2026 29.268 USD 29.801 USD +0.52 USD (1.75%)
01.03.2026 29.850 USD 30.003 USD +0.39 USD (1.31%)
01.04.2026 30.057 USD 30.493 USD +0.35 USD (1.15%)
01.05.2026 29.661 USD 30.010 USD -0.44 USD (-1.47%)
01.06.2026 29.401 USD 30.001 USD -0.13 USD (-0.45%)
01.07.2026 29.407 USD 30.079 USD +0.04 USD (0.14%)
01.08.2026 29.983 USD 30.609 USD +0.55 USD (1.83%)
01.09.2026 29.519 USD 30.686 USD -0.19 USD (-0.64%)
01.10.2026 29.406 USD 29.752 USD -0.52 USD (-1.77%)
01.11.2026 29.686 USD 29.810 USD +0.17 USD (0.57%)
01.12.2026 29.589 USD 29.778 USD -0.06 USD (-0.22%)

Silver Price Forecast 2027

The maximum price forecast for the end of 2027 is $94.9, as suggested by Gov Capital. BeatMarket experts consider this estimate to be inflated. In our view, there are no fundamental reasons for a more than fourfold increase in prices over four years.

We believe that the global silver market will continue to move sideways. It is unlikely that prices will stabilize above $30 for long. Previous historical highs were the result of speculation. In our opinion, the current valuation of an ounce of metal is fair.

Date Min forecast price Max forecast price Change
01.01.2027 29.738 USD 30.186 USD -0.77 USD (-2.56%)
01.02.2027 30.217 USD 30.727 USD +0.51 USD (1.67%)
01.03.2027 30.818 USD 30.979 USD +0.43 USD (1.38%)
01.04.2027 30.993 USD 31.443 USD +0.32 USD (1.02%)
01.05.2027 30.619 USD 30.939 USD -0.44 USD (-1.43%)
01.06.2027 30.369 USD 30.963 USD -0.11 USD (-0.37%)
01.07.2027 30.353 USD 31.036 USD +0.03 USD (0.09%)
01.08.2027 30.945 USD 31.552 USD +0.55 USD (1.77%)
01.09.2027 30.480 USD 31.656 USD -0.18 USD (-0.58%)
01.10.2027 30.352 USD 30.710 USD -0.54 USD (-1.76%)
01.11.2027 30.649 USD 30.769 USD +0.18 USD (0.58%)
01.12.2027 30.552 USD 30.750 USD -0.06 USD (-0.19%)

Silver Price Forecast 2028

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

  • $80-$109 - Gov Capital platform;
  • $41.38-$43.70 - coinpriceforecast.com;
  • $18.53-$20.80 - Long Forecast service.

BeatMarket experts see factors that indicate a likely increase in the price of silver. First and foremost is the growth in demand from the green energy sector. The second was the lagging of gold, which was the earliest the market wagged out.

We therefore disagree with the negative outlook. At the same time, we consider the $100 bar to be overstated. In our view, the maximum probability is a moderate projection. We expect the price per ounce not to exceed $30 by the end of 2028.

Date Min forecast price Max forecast price Change
01.01.2028 30.767 USD 31.166 USD +0.24 USD (0.77%)
01.02.2028 31.166 USD 31.770 USD +0.5 USD (1.59%)
01.03.2028 31.775 USD 31.925 USD +0.38 USD (1.2%)
01.04.2028 32.050 USD 32.411 USD +0.38 USD (1.18%)
01.05.2028 31.583 USD 31.944 USD -0.47 USD (-1.47%)
01.06.2028 31.305 USD 31.915 USD -0.15 USD (-0.49%)
01.07.2028 31.372 USD 31.989 USD +0.07 USD (0.22%)
01.08.2028 31.897 USD 32.550 USD +0.54 USD (1.69%)
01.09.2028 31.408 USD 32.626 USD -0.21 USD (-0.64%)
01.10.2028 31.304 USD 31.666 USD -0.53 USD (-1.69%)
01.11.2028 31.610 USD 31.726 USD +0.18 USD (0.58%)
01.12.2028 31.516 USD 31.661 USD -0.08 USD (-0.25%)

Long-term silver outlook for 2024 to 2029

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.

Silver forecasts for the next 10 years

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.

Silver Price Forecast 2028

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.

Silver Price Forecast 2030

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.

Future price of silver in 2040

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.

Silver Price Forecast 2050

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.

What affects the price of silver

Inflation

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.

Currency fluctuations

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.

Geopolitical uncertainty

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.

Interest rates

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.

Supply constraints

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.

Is silver a good investment

Short-term

(1-6 month)

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.

Medium-term

(6-12 month)

The silver price forecast for the next 6-12 months is negative. There are reasons to expect further decrease of quotations. The asset is not recommended for purchase with an investment horizon of less than a year.

Long-term

(1 year+)

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.

FAQ

What will the price of silver be in 10 years?

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.

What will the price of silver be in 2030?

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.

Is silver about to go through the roof?

Such a scenario is unlikely to happen. Few analysts predict a multiple of silver's value even on a decades-long horizon.

Will silver reach $30 per ounce?

Silver quotes have exceeded this mark several times. There are reasons to assume that it will happen again.

Will silver appreciate in price when the economy collapses?

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.

Will silver ever be $100?

It is matter of time. 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.

Does Warren Buffett own silver?

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.

Will silver ever become rare?

Such forecasts are out there. They are based on expectations of rapid industrial growth. However, this opinion is not shared by all experts.

Silver Market News

XAG

Silver
2024-04-14

AI predicts silver price for the end of 2024

XAG

Silver
2024-04-10

Perak MB: Silver Valley Technology Park to bring in RM14b in investments

XAG

Silver
2024-04-10

Gold Slips Rs 250; Silver Slumps Rs 400

XAG

Silver
2023-11-22

Why Silver Coins Were Discontinued In 1917 After Being In Circulation For Over 100 Years

XAG

Silver
2023-11-22

Adriano Zumbo Has Found the Silver Lining of His ‘MasterChef: Dessert Masters’ Elimination

Join MaxDividends on Substack!

Follow MaxDividends on Substack

Dynamics of changes in the value of assets

Stocks


AAPL

AAPL

222.50 USD Apple Inc -0.27 (-0.12%)
Detailed analytics

ETF funds


S

SLICHA

201.70 CHF UBS SLI A-dis +0.82 (+0.35%)
Detailed analytics

Metals


Gold

2577 USD Gold -3.67 (-0.14%)
Detailed analytics