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Silver, often hailed as both a precious and industrial metal, holds a unique place in the global market due to its extensive utility and historical value. As an asset, it not only appeals to investors for its potential to hedge against inflation but also plays a critical role in various industrial applications, from electronics to renewable energy solutions, due to its unparalleled thermal and electrical conductivity.
In this article, we delve into the factors that could shape the silver price forecast for 2024 and beyond, offering insights and predictions that could guide investors in navigating the precious metals market. With silver’s unique position in the market, understanding its potential trajectory is more crucial than ever for those looking to diversify their portfolios or hedge against inflation.
The article covers the following subjects:
Main takeaways: Silver Price Predictions 2024-2030
- Current Silver Price: As of today, silver trades at $24.297 on Forex, reflecting its sensitivity to global manufacturing demand and market volatility.
- Analysts anticipate silver to stay over $24 per ounce throughout 2024, with a year-end bullish sentiment. CoinPriceForecast predicts a rise to $28 per ounce, while LongForecast suggests a more conservative range of $18-21 per ounce, considering a potential decline in investment demand.
- The average price of silver in 2025 is expected to increase by 16% from 2024, reaching $30. This growth is primarily attributed to consistent industrial demand, with stable investment demand.
- Experts predict significant gains for silver in 2026, with average prices estimated at $33 per ounce. LongForecast provides a broader, but bearish prediction, with silver fluctuating between $16-22 per ounce, averaging around $19.
- Long-Term Prospects (2025–2030). Silver is forecasted to achieve its peak annual average in the decade by 2030, potentially approaching $54 as per CoinPriceForecast. Notably, analysts expect silver’s volatility to persist, influenced by its role in emerging technologies and its traditional status as a hedge against inflation and economic uncertainty.
Silver Price Today the coming days and week
The silver price for today, 09.03.2024 is $24.297. This precious metal is extensively used in manufacturing, meaning its price is susceptible to global demand, making it volatile to trade. The value is interactive, so you can refer to this article to find out what the price of silver will be later this week or next week.
Silver Price Forecast for 2024 by Experts
Predictions for late 2024 remain bullish compared to recent years, with silver expected to maintain levels over $24 per ounce. Factors supporting continued gains into the end of next year include low inventories, steady industrial and technology demand, and lagging mine supply.
However, analysts also highlight risks of a potential economic slowdown weighing on industrial and investment interest for silver.
Coin Price Forecast
CoinPriceForecast estimates silver will end 2024 around $28 per ounce. Their technical analysis shows potential for prices to break out above resistance around $25 during the year and climb towards $28 by year-end.
Long Forecast
Long Forecast is more conservative, projecting silver will trade between $20-23 per ounce towards the end of 2024. Their prediction accounts for declining investment demand late in the year, offsetting growth in industrial usage.
| Month | Open, $ | Low-High, $ | Close, $ | Total, % |
|---|---|---|---|---|
| March | 23.13 | 20.86-24.78 | 23.60 | 2.3 |
| April | 23.60 | 21.52-23.78 | 22.65 | -1.8 |
| May | 22.65 | 20.41-22.65 | 21.48 | -6.9 |
| June | 21.48 | 21.48-23.95 | 22.81 | -1.1 |
| July | 22.81 | 22.22-24.56 | 23.39 | 1.4 |
| August | 23.39 | 20.84-23.39 | 21.94 | -4.9 |
| September | 21.94 | 20.78-22.96 | 21.87 | -5.2 |
| October | 21.87 | 21.87-24.39 | 23.23 | 0.7 |
| November | 23.23 | 21.26-23.50 | 22.38 | -2.9 |
| December | 22.38 | 19.94-22.38 | 20.99 | -9.0 |
Capex
According to Capex analysts, silver will end 2024 near $25. They see industrial demand expanding, supporting prices in the high $34.70 despite some potential mine supply growth.
Silver Technical Analysis and Price Prediction
In order to predict the further dynamics of the silver rate in the short and long term, we will use the main time intervals: H4, D1, W1 and MN. The most effective technical analysis tools for this asset are the MFI, MA Cross, RSI and MACD indicators.
Stochastic oscillators will help determine liquid support and resistance levels, pivot points, as well as overbought and oversold zones. Using volume indicators and trend indicators, you can determine the strength of the current trend, as well as the volume of inflows and outflows of funds.
To confirm technical indicators, it is recommended to use both candlestick and graphic analysis. Graphic and candlestick patterns will help you determine more profitable entry points for the asset. The most popular formations are Doji, engulfing patterns, varieties of triangles, and others.
Let us analyze the monthly chart for an initial assessment of the current phase of the trading instrument and the sentiment of trading participants.
The monthly XAG/USD timeframe shows that from July 2013 to March 2020, the asset was in the accumulation phase. In April 2020, the instrument began to experience active price growth, which allowed buyers to consolidate their positions above the upper border of the sideways band at 20.79.
Since that time, the precious metal quotes have been trading in a large emerging symmetrical triangle pattern, and an exit from it implies impulse dynamics both up and down.
The tower bottom candlestick pattern, which included the inverted hammer reversal pattern, confirms that the price has reached the critical zone 17.60-14.62, below which sellers will not be allowed.
In addition, the chart shows the formation of hammer and long-legged Doji reversal patterns, which signal pressure from the bulls.
MACD is in the positive zone showing neutral dynamics near the zero border. RSI shows that the trading instrument is in the bullish phase at 53. According to MFI, cash flows into the asset are smoothly reversing and demonstrating growth.
In addition, MA Cross formed the golden cross pattern indicating a strong dynamic support level at 20.79.
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XAGUSD rate analysis for 3 months
Let’s forecast in more detail the exchange rate of XAGUSD for the next 3 months using charts H4 and D1.
The four-hour chart demonstrates the formation of a large three rivers price pattern, also known as a triple bottom, which signals an upward price reversal. After a long consolidation of the asset in the range of 21.93-23.44, buyers managed to overcome the upper border of the channel with an impulse candlestick. The potential target for the pattern is located around 24.88.
The intense price growth was facilitated by a significant influx of funds into the asset. This is confirmed by the MFI indicator. In addition, a golden cross pattern has formed on the MA Cross indicator, which warns of the likely beginning of a bullish trend for the instrument.
The MACD indicator shows a moderate decline in the positive zone, while the RSI indicator shows that the asset is overbought. These indicators signal a likely price correction to the area of 23.44 to retest the broken resistance level.
In the daily timeframe we also clearly see the formation of the three rivers pattern. However the price also formed the reversal bullish patterns light in the clouds, bullish engulfing and morning star around the key support zone 21.93-22.69. The chart also shows the construction of the three white soldiers pattern that signals a continuation of the upward trend.
The MACD indicator values are showing active growth in the positive zone, which indicates the development of upward dynamics. RSI is at the level 64 and is directed upward with the existing potential for further growth towards the overbought border.
According to the MFI trading volume indicator, there has been a sharp influx of funds into the asset over the last 3 trading sessions. On the other hand, the MA Cross indicator formed the death cross pattern, which can be considered a false signal, since this pattern is most often formed at the top of a bullish trend.
Long-term silver technical analysis for 2024
Let us attempt forecasting the price of silver in 2024.
Technical analysis of the weekly XAG/USD price chart shows fluctuations in quotes within the symmetrical triangle graphic pattern.
At the moment, reversal candlestick patterns inverted hammer and morning star have formed for the trading instrument near the lower border of the pattern, after which the price turned upward with an impulse bullish candle. During the construction of the symmetrical triangle pattern, a decrease in tick volumes is observed, which is inherent in the graphic model.
MACD has crossed the zero line upward and is located in the positive zone. RSI is in bullish dynamics with a value of 54. The MFI indicator value is in the lowest boundary zone, but there is a smooth upward reversal.
Based on the technical analysis data, I compiled forecast values of the lows and highs for each month of the current year 2024.
| Month | Forecasted XAGUSD values | |
|---|---|---|
| Low | High | |
| February 2024 | 23.32 | 24.48 |
| March 2024 | 24.33 | 26.03 |
| April 2024 | 24.71 | 26.57 |
| May 2024 | 24.60 | 26.96 |
| June 2024 | 26.26 | 28.08 |
| July 2024 | 27.03 | 28.35 |
| August 2024 | 26.14 | 27.15 |
| September 2024 | 25.99 | 27.46 |
| October 2024 | 27.38 | 29.78 |
| November 2024 | 28.62 | 30.13 |
| December 2024 | 23.23 | 24.48 |
XAGUSD long-term trading plan
The conducted analysis of the XAG/USD trading instrument allowed us to identify the main liquid support and resistance levels that can be used in a trading strategy for the current year.
Trading plan for 3 months
Trading plan for the next three months based on the technical analysis:
- main support levels for this period are 23.44, 23.18, 22.91, 22.69, 22.47, 22.27, 21.93;
- key resistance levels are 24.14, 24.48, 24.88, 25.25, 25.55, 26.15;
- in the next three months the asset is likely to implement the three rivers pattern scenario, the expected target for which is located around 24.88. A breakout above this level will open the way to targets in the range of 25.25-26.15.
Trading plan for 2024
Trading plan for the year 2024 based on the above analysis:
- main support levels for the current year are 20.79, 19.43, 17.60, 14.62, 11.70;
- main resistance levels are 26.15, 28.24, 30.01, 35.30;
- at the moment, there is uncertainty regarding the instrument’s prerequisites for growth. To confirm further dynamics, the instrument needs to consolidate above or below the borders of the triangle;
- if the price consolidates above the level 26.15, we can expect increased positive dynamics in the area 28.24-35.30.
Silver Price Forecast: Price Predictions by Experts for 2025
Silver prices look poised to continue their ascent in 2025, potentially averaging around $30 per ounce for the year, according to market optimistic forecasts. Analyst predictions range from $20-30 based on an expectation of sustained industrial demand growth combined with constraints on mining output to keep the market relatively tight. Monthly volatility is still likely, with temporary spikes towards the low-to-mid $30s giving way to consolidative pullbacks.
Coin Price Forecast
For 2025, Coin Price Forecast estimates silver will trade for $31.17 per ounce by the middle of the year.
Based on their technical analysis, they predict prices at the beginning of 2025 to be around $28-29, showing resistance around that level at the end of 2024.
As investment and speculative interest increase early in 2025 with prices over $28, CoinPriceForecast sees potential for a rally towards $32.85.
Overall, Coin Price Forecast remains bullish on silver’s outlook. However, the inherent volatility of the metal means 2025 prices could swing within a wide forecast range.
Capex
Capex remains very optimistic about silver’s trajectory in 2025, predicting $48 per ounce. However, they warn investors to expect some periods of weakness as markets balance higher prices with industrial/investment demand and mining response.
Long Forecast
Long Forecast expects silver prices to average between $19-24 per ounce in 2025, a bit lower than their forecast for 2024. Their price model is based on several factors, including industrial usage, investment demand, mining supply growth, and the strength of the US dollar.
For 2025, they see industrial demand from the photovoltaic and 5G markets continuing to expand, underpinning prices near $21-23.
| Month | Minimum Price, $ | Maximum Price, $ | Average Price, $ |
|---|---|---|---|
| January | 19.90 | 22.33 | 21.06 |
| February | 19.61 | 21.67 | 20.64 |
| March | 20.64 | 23.02 | 21.83 |
| April | 21.92 | 24.44 | 23.18 |
| May | 22.24 | 24.58 | 23.41 |
| June | 23.41 | 26.10 | 24.75 |
| July | 22.15 | 24.86 | 23.5 |
| August | 22.25 | 24.59 | 23.42 |
| September | 20.91 | 23.42 | 22.16 |
| October | 19.77 | 22.01 | 22.89 |
| November | 18.54 | 20.81 | 19.2 |
| December | 18.90 | 20.88 | 19.89 |
Silver Price Forecast: Price Predictions by Experts for 2026
Analyst forecasts differ. Some of them predict a gain until $34 per ounce. The others have more bearish suggestions of about $16-22 per ounce. The fundamental backdrop is expected to remain positive, with industrial demand expanding steadily while mining supply faces constraints. This supply/demand imbalance could drive prices to test resistance around $30.
However, silver’s inherent volatility means periodic pullbacks and consolidations around $20 are also likely. Overall, 2026 is shaping up constructively for silver prices, but we shouldn’t expect a big increase. As always with silver, investors should brace for a bumpy ride higher as the metal rarely moves in a straight line.
Long Forecast
For 2026, Long Forecast estimates that silver will trade between $16-22 per ounce, with an average price of $19. This represents a moderate decrease from their 2025 forecast, driven primarily by deteriorating macroeconomic conditions.
Geopolitical risks and US dollar strength will also be monitored closely as potential limiting factors on the upside.
Overall, LongForecast’s 2025 outlook remains a bit negative, but constructive for silver prices, forecasting a $19 average and -12% loss from their 2025 prediction.
BeatMarket
BeatMarket experts predict that in 2026, silver will begin the year at a price of $23.387 per ounce and is anticipated to experience a gradual increase, culminating at a peak of $24.533 per ounce by mid-year. Throughout 2026, silver prices are expected to fluctuate within a range of $23.1 to $24.53, indicating modest yet steady growth without any substantial changes from the previous year’s levels.
Coin Price Forecast
Coin Price Forecast estimates that silver will trade in a range of $33-34 per ounce in 2026, averaging around $33.75 for the year. Their technical analysis points to resistance around $30 from previous highs. Sustained breaks above this could open the door for a rally toward $34 in 2026.
Investment demand could accelerate, especially if inflation persists. This speculative interest would provide additional upside fuel above industrial usage. However, Coin Price Forecast also sees potential for pullbacks and consolidation periods, significantly if silver spikes above $30 too quickly. This could moderate the average price.
| Year | Mid-year Price, $ | Finishing Price, $ | Average Price, $ |
|---|---|---|---|
| 2026 | $33.47 | $34.05 | $33.76 |
Silver: A Historical Overview
Silver is a precious metal used in jewelry, cutlery, electronics, and as an investment. Its price movements can indicate economic conditions and influence other financial markets.
Silver’s history as an asset dates back thousands of years. In the 1970s, silver trading began at $1.80 per troy ounce. Prices hit a record of $49.45 in 1980 when the Hunt brothers cornered the market. Silver spiked to $20 during the 2008 crisis before falling again. The highest price was around $50 in 2011.
Silver’s future trajectory remains uncertain. Its price reflects a balance of industrial and investment demand with mining supply. Continued volatility is expected, with the potential for substantial upswings and pullbacks. Tracking silver’s price provides insights into economic forces and precious metals markets.
Demand for Silver
Silver demand has risen in recent years due to growing industrial usage in solar panels, batteries, and other technologies. At the same time, supply has been constrained. This fundamental backdrop helped drive silver prices sharply higher in 2020 amidst economic uncertainty.
Silver may continue to see strong demand as a hedge against inflation and market volatility. Mass money printing from governments and central banks in response to the pandemic has stoked inflation fears. As a traditional haven asset, silver stands to benefit from any future economic, political, or public health crises as well. While predictions are uncertain, silver’s role in emerging technologies and as a store of value point to a potentially constructive long-term outlook. However, prices will likely remain highly volatile.
Long-Term Silver Price Predictions 2026-2030
Let’s take a look at the future outlook for the price of silver.
Coin Price Forecast
By 2030, Coin Price Forecast sees potential for silver to reach its highest annual average price of the decade, nearing $61. The wide forecast ranges indicate silver will likely continue exhibiting high volatility year-to-year this decade.
| Year | Mid-Year Price | End-Year | Average Price |
|---|---|---|---|
| 2026 | $33.47 | $34.05 | $33.76 |
| 2027 | $36.22 | $40.29 | $38.25 |
| 2028 | $42.91 | $45.32 | $44.11 |
| 2029 | $49.03 | $52.71 | $50.87 |
| 2030 | $53.45 | $54.24 | $53.84 |
Long Forecast
Long Forecast sees a modest downtrend during 2025-2028 but it is contained by supply responses. Their forecast indicates continued volatility in the range of approximately $16.5–$24 around the steadier downtrend.
| Year | Minimum Price | Maximum Price | Average Price |
|---|---|---|---|
| 2026 | $15.78 | $19.67 | $17.72 |
| 2027 | $16.72 | $22.43 | $19.57 |
Factors That May Affect the Silver Price
The key factors affecting silver prices include:
- Supply and Demand. The annual production and demand from large importing countries like the USA, Great Britain, and India play a significant role.
- Industrial Demand. Silver’s use in electronics, green technologies, and the medical field drives its industrial demand.
- Investment Demand. The fluctuating demand significantly impacts silver prices, with physical silver investment and ETF holdings being notable considerations.
- Economic Forces. Global economic conditions, interest rates, and geopolitical events like the Russian conflict influence silver prices.
- Gold/Silver Ratio. The relative value of gold to silver can shift investor preference between the two metals.
- Silver and USD. An inverse relationship exists; a weaker dollar often boosts silver prices.
Conclusion: What Is the Future of Silver? Is Silver a Good Investment?
In conclusion, the predictions for silver prices from 2024 through 2030 present a diverse and complex outlook, with experts offering varying forecasts that range from optimistic to cautious. The positive projections suggest potential growth driven by factors such as industrial demand, inflationary trends, and global economic developments.
On the other hand, more conservative estimates reflect uncertainties including market volatility, technological advancements, and macroeconomic shifts. This range of predictions underscores the inherent unpredictability of commodity markets and highlights the need for investors to remain informed and adaptable in their strategies.
Ultimately, while these expert forecasts provide valuable insights, they also reinforce the importance of conducting thorough research and considering a multitude of factors when making investment decisions in the dynamic and ever-evolving landscape of silver trading.
Silver Price Predictions FAQs
Price chart of XAGUSD in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.
