Silver Price Forecast: Higher Prices But Not Until Second-Half 2025

Silver is within a long-term rising pattern. However, its shorter-term pattern has been violated following Trump’s tariffs, thus indicating that silver may not be ready for its next advance until the second half of 2025 or beyond. In this article, we will detail the silver price patterns that have formed over the last 10 years, and what their ramifications are for silver into 2025 – 2026.

Silver Long-Term Rising Price Pattern

We will refer to the following chart for the rest of this article, which details silver from 2015 through present:

Note that silver is within a decade+ rising price channel, with higher lows and higher highs being observed every several years (magenta). Presently within the middle of the pattern, this channel would be expected to provide support for silver near $25 per ounce, with sellers expected to emerge near $40.

However, we must place silver within the context of the broader precious metals market. Gold has been making new all-time highs on a near-weekly basis since March of 2024. Throughout history, silver tends to follow gold, yet often on a delayed basis. Silver is still below its previous all-time high of $50 per ounce, set in 1980 and repeated again 31 years later in 2011. Thus, our bias should be that silver should move higher to follow gold eventually. The key question is: when?

Silver Shorter-Term Pattern Has Broken

Let us turn to the shorter-term pattern contained within the larger decade+ rising channel: a rising wedge (blue). This embedded rising pattern began in late-2022 and also featured higher highs and higher lows, albeit at a more aggressive slope than the larger pattern.

Note: this rising wedge pattern recently witnessed a violation of its support (red callout), on President Trump’s announcement of tariffs nations around the world in April. Silver, being an 80% industrial commodity at present, suffered with industrial stocks on this selloff, falling from $34 down to $28 in just three days amidst the panic.

Although silver has recovered most of its Tariff-induced decline, so far silver has been unable to regain the support from this rising wedge pattern (blue), which would currently come in at $34.60. The message of the market here is: although silver should be expected to follow gold higher, it has been temporarily delayed by the waxing and waning of Trump’s tariff policies.

In technical analysis, once a rising support level has been violated, it does not mean a market must collapse. In the case of silver, the market may continue to rise to follow gold. However, by necessity it will have to rise on the opposite side of the broken wedge pattern.

What this means is that silver will need to consolidate for several more months, generally in the low $30’s, prior to any further advance. Silver must thus distance itself from the broken pattern, and rise on the opposite side of the broken support. Our best expectation is that silver will be set to break $35 sometime in the second half of 2025 or early 2026.

After Silver Breaks $35, Toward $50

Once silver breaks $35, it will have a clear shot to the upper portion of the larger rising decade+ channel (magenta), which will come in at $42 - $44. From this price level, it is just a “stone’s throw” distance to the former all-time high of $50, and so we would not be surprised to see silver overshoot the $42 - $44 resistance and round up, to plus or minus the $50 level, as we look into 2026.

From that point, we will have to take a major step back and analyze whether or not silver may be ready to break above $50, or whether that stubborn 44-year-and-counting resistance will hold once again. That will be a topic for late-2025 or 2026, after silver gets in that price range. For now, let us focus on the immediate concerns of when silver will break $35.

Takeaway on Silver Prices

Silver should ultimately be expected to follow gold, which has made consistent new all-time highs on a regular basis since early-2024. Silver is within a decade+ rising pattern, featuring higher highs and higher lows.

However, over the short-term, rising support of silver’s embedded pattern has been violated following Trump’s tariff panic. For a market to continue advancing following a rising support violation, it must do so on the opposite side of the rising trend. We thus expect silver will need to consolidate for several more months in the low-$30’s, before it breaks higher toward the low-mid $40’s – with a likely overshoot to $50 – either later this year or in 2026.

The advance toward $50 will be a sizeable profit-making opportunity for both silver investors, as well as silver mining companies. At www.iGoldAdvisor.com we publish independent research on the exact timing for silver’s expected advance, and the exact silver mining companies that we are investing in. We also cover gold, the US dollar, bitcoin, and related commodity markets which impact the precious metals. For higher net-worth investors, we offer access to silver private placements, which allow investors to receive free warrants in addition to their silver shares, for greater upside potential as compared to buying shares in the open market.

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