Silver Forecast: 2026 Suggests $50/oz Is In The Cards

The price of silver in 2026 is expected to move to $50 an Ounce. While the expected outcome in 2026 may be a quick drop after moving into the $44 to $52 area, there is a high probability that the price of silver will enter new highs either in 2026 or 2027.

Silver price dynamics

Silver has a history of violent swings, in both directions.

While silver is well known for its bullish rallies, typically double and triple digit upward moves in a relatively short period of time, it is also feared for its quick declines.

The problem with investor sentiment and psychology is that those declines are hard to stomach for the average investor. In the mind of the investor, those declines overshadow the upside potential.

The underlying problem is that many investors don’t have patience. In the modern world dominated by financial content overload, investors are constantly triggered by websites and mobile apps. Typically, this happens on brokers platforms and financial content providers, often creating deep mental and emotional impact.

Because of this, it seems that patience for an investment to move in a certain direction is becoming increasingly rare.

If anything, though, silver is the ultimate asset class that requires a lot of patience… long term, patience is often rewarded by quick spikes. The facts provide plenty of evidence that price makes up for the wait (time) but that’s not consistent with how investors feel about it.

This silver price forecast should be read against the dynamics that silver as an asset class tends to create, especially in the mind of the investor (experience).

Silver price forecast 2026 according to silver charts

We’ll start this silver prediction for 2026 by thoroughly analyzing real world interest in silver investing, aka charts.

While we are aware that the silver market may be manipulated, particularly by price setting dynamics occurring in the futures market. There is no way to filter out or factor in manipulation. The only ‘tool’ available is the chart.

Moreover, because of the inner workings of the silver futures market, we have to look at silver on the longer timeframe(s). This is based on the belief that ‘dirty games’ may be playing out in the silver futures market, however, long term price finds its way to the area where it belongs, i.e. fair value.

That said, we take a top down approach in analyzing the silver price.

The quarterly silver price chart is tremendously powerful. It suggests that the silver price target for 2026 is $50 an ounce. Note that this target may be hit a little sooner, say around year end (late 2025).

The above shown long term chart structure is well known as a ‘cup and handle’, a tremendously powerful pattern. Bullish, to be clear, very bullish.

Silver may find short term resistance around $50/oz, but it’s clearly and visibly not the end point.

If we look at the monthly chart, below, we essentially zoom in into the ‘cup’ part.

The monthly candles give us more clarity on specific targets: silver is aiming for $42, followed by $49. Readers should consider these to be areas, not specific price points.

When combining the quarterly and monthly silver price charts, we conclude that $50/oz is a no-brainer target for any silver forecast 2026.

Will silver exceed $50, and when exactly? That’s what we’ll cover in the remainder of this article.

Intermarket evidence

Any silver price forecast should be supported by additional evidence.

When we look at intermarket dynamics, a key pillar in any forecasting methodology, there is one ratio that has proven to be reliable over time: the silver price to Australian Dollar (AUD) ratio.

This ratio tends to rise when silver is in a bull market, and decline when silver is bearish. Case in point: when spot silver was dropping, back in 2009 and 2020, the ratio silver/AUD remained in an uptrend (support was respected).

The ratio chart shown above provide plenty of evidence that silver is in an uptrend, expected to remain in an uptrend… certainly in the short to medium term.

Concentration of short positions

More evidence comes from the market.

Particularly, concentration of short positions in the silver futures market tends to be an indicator that helps understand upside potential in the price of silver. Higher concentration levels tend to provide minimal upside in the price of silver.

Courtesy of late Ted Butler, silver analyst, who brought this indicator to the attention of the silver community.

Interestingly, concentration in short positions in the silver market is relatively low considering that spot silver trades at multi-decade highs.

Conclusion – there is plenty of upside potential in the price of silver for as long as concentration in short positions reaches extreme levels (seen in the period 2016-2019). A bullish silver forecast for 2026 is justified!

Gold creates a supportive environment for silver

Gold, as a leading indicator for silver, has clearly created a bullish macro environment for silver to shine.

The long term gold price chart features a cup-and-handle structure, with breakout in April of 2024. Since then, gold went up 70% approximately.

While the monthly gold price candles seem to be setting a lower high (see grey shaded circle), it is clear that rotation out of gold into silver is currently happening. This trend may persist for a while, certainly for as long as gold remains in a long term uptrend.

Gold confirms the bullish potential of this silver forecast for 2026 and beyond.

The EURUSD pair supportive for precious metals

Last but not least, the EUR, positively correlated to gold (which is positively correlated to silver) seems to be working on a long term basing pattern.

The general rule of thumb is that as long as the EUR isn’t declining, it tends to be supportive for precious metals.

Silver price denominated in Euro and other currencies

One consideration – the investing community tends to be conditions to look at silver denominated in USD. This current silver price forecast for 2026 is also centered around silver price charts in USD.

However, silver denominated in global currencies has been making continuously all-time highs. Think of silver in the Indian Rupee, silver in the Australian or Canadian Dollar, silver in Yen.

Below is the silver price chart denominated in Euros, over the last 15 years. It shows a powerful cup-and-handle pattern, bullish to be clear. While hesitation is to expected around current levels, given the chart structure going back to 2011-2012, there is plenty of reason to believe that silver in Euros is set to resolve higher.

That’s why it is reasonable to expect silver in USD to resolve higher as well. It’s almost as if silver in global currencies (non-USD) is paving the way, the USD being the laggard.

Needless to say, this last chart underpins a bullish silver forecast for 2026 and beyond.

Silver price forecast 2026 – conclusions and expectations

With all that said, it is fair to say that a reasonable silver price target for 2026 is $50/oz. This target may be hit late 2025 or early 2026.

All the evidence provided in this article suggests that silver will eventually resolve higher:

• The super bullish cup-and-handle structure over 50 years.
• The relatively low short concentration in the futures market.
• The long term bullish gold price chart.
• The rising silver/AUD ratio.
• A long term basing pattern in the Euro.

While it is impossible to predict when silver will exceed $50, to create structural and sustainable new all-time highs, we believe this process may start in 2026 or 2027.

Ultimately, what matters is that the long term silver forecast remains bullish, irrespective of the specifics per year. Silver may exceed $50 in 2026 or 2027 or 2028, patient silver investors will eventually be rewarded, that’s the underlying message of all data points outlined in this article.

When does this bullish silver forecast invalidate? If gold crashes, the USD rallies at least 20%, silver triggers a decline of at least 20% in one month after hitting $50. While the probability for this to happen in 2026 or 2027 is unusually low, we always need to have invalidation criteria in place as serious investors.

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