Latest Silver Price Forecasts & Predictions

The latest silver price forecasts, predictions and analysis of trends in the silver market.

Silver Price Now: USD $29.59 +0.04   +0.15%
Recent Changes
Period 2 Days 3 Days 1 Week 2 Weeks 1 Month
Change +0.15% -3.35% +1.22% +0.60% -2.56%

Latest Silver Forecasts

silver forecastA once-per-four-year signal says silver is about to rapidly surge higher within the coming months, and should achieve a price target of $47 - $50 per ounce by the end of the third quarter 2024. Get ready!

While the Federal Reserve meets today and prices could be volatile following the interest rate decision, our pending surge signal is already in the books as of mid-May.

Wise investors should be finalizing their silver-related portfolios NOW, as the next wave of the advance should begin any week now.

Gold to Silver Ratio Breaks Down

What is this once-per-four-year signal?

It is an impulsive breakdown from a multi-year rising trend in the gold to silver ratio.

What is the gold to silver ratio?

It is the number of ounces of silver required to purchase one ounce of gold. And generally speaking, when the ratio moves lower, it represents periods of rapid outperformance by silver relative to gold.

Below we show the multi-year breakdown in the gold to silver ratio which has just registered as of mid-May:

History of the Signal

Why is it so important to pay attention to multi-year breakdowns in the gold to silver ratio?

For a proper understanding of the signal, we study the history of the ratio. Below is the gold to silver ratio from 2000 to present:

...

Silver expert David Morgan provides his outlook for silver in 2024, including the main catalysts he sees driving demand.

David also discusses platinum, palladium, copper, and other commodities he thinks will outperform as we move into the New Year.

*********

Silver Price Forecast FAQ

What are the key factors that influence silver price forecasts?

  • Current economic conditions
  • Strength of the US dollar
  • Gold/silver price ratio
  • US monetary policy
  • Geopolitical events
  • Industrial demand
  • Jewelry and silverware demand
  • Silver supply & mining costs

Do silver price forecasts apply to all countries?

The price of silver remains mostly the same regardless of which country you are in. This is because the price of silver is pegged to the US dollar. Therefore an accurate silver price prediction will similarly apply to silver prices in all countries.

How does the strength of the US dollar impact silver prices?

In general silver has an inverse relationship to the US dollar. When the dollar becomes weaker, silver prices tend to go up. This is why the state of the economy and central bank monetary policy play such an important role in forecasting silver prices.

How is the gold/silver ratio used to evaluate future silver prices?

The gold-to-silver ratio is used to determine how many ounces of silver it takes to buy an ounce of gold. When this ratio is under 40, silver is determined to be overvalued. When this ratio is over 75, the price of silver is considered undervalued and therefore may be a good time to buy.

The gold/silver ratio is higher now (over 90) since the 2008 financial crisis. It is not surprising, therefore, why so many silver price forecasts are predicting a historic rally in silver prices. It is when this ratio reverses that silver prices take off and outperform gold.

Is silver too volatile for the average investor?

Silver goes through periods of volatile ups and downs but also periods of quiet just like other commodities. Silver does, however, have a history of being much more volatile than gold. This is due to its much smaller market and lower market liquidity. Those investing in silver should therefore be prepared for this volatility. The most important focus when investing in silver should not be the short-term but longer-term trends and forecasts.

Can I hold silver in an IRA account?

Silver, and gold, can be held in an IRA account. However, be sure to first reach out to a reputable broker, understand the guidelines, and be sure to use an approved depository. This can be an excellent strategy for protecting your retirement from a volatile economy.

What is the highest price silver has ever reached?

Silver reached $48.70 per ounce on April 28, 2011. This is the highest price silver has ever reached.

More Silver Price Forecasts

After gold prices reached a new all-time high of USD 2,431, a sharp pullback between mid-and late-April created confusion and misjudgments even among leading analysts. Nevertheless, a strong recovery found its way back to the top. While gold achieved its first...

Demand for silver in China is rising. Priced in US dollars, silver closed at $32.96 on May 17th (Shanghai exchange). Arbiters buy silver at or below $30.00 in the US and sell it at a premium to China. Just a reminder that there is far more fiat currency in the world...

Silver has seen notable upticks before the last two presidential elections, and signs point to a repeat performance. Confirmation of this trend would be a breach above $30.00, likely triggering a surge towards $40 between June and August.

Silver's recent upward move was most likely just a corrective upswing. What usually happens after such adjustments are completed? Prices tumble.

In the wake of defensive buying following Russia’s invasion of Ukraine, silver has just triggered a key technical level which now points to higher prices.  In this article we will detail the expected moves for silver, referring to the following chart.

I’ve been warning that silver would likely invalidate its recent comeback above its previous lows, and it did exactly that. The decline is now likely to resume.

Silver has been stuck within a rangebound consolidation between circa $22 and $30 for the better part of the last year. Unfortunately, we are now observing signs that silver may be set to decline back as low as the mid-$18 range, before it continues any higher. Two...

There is a big opportunity setting up in the silver market. It should be no wonder: with global inflation reaching levels not seen in 13 years, markets are increasingly becoming concerned with ever-rising prices. It seems everywhere we look, prices for the things...

There is a sense that we are close to a significant move in silver. The current season since August 2020 till now, is shaping up in a similar manner to the season of August 2019 to February/March 2020.

Silver has definitely been in the spotlight lately, namely due to the incredible #silversqueeze rally. But as of right now, there is one detail that’s pointing to silver’s next movement.

A brewing silver short squeeze has been hot in the news recently. On the heels of the Gamestop (GME) short squeeze which sent the price of the troubled videogame retailer higher by nearly 2,000% in six weeks, the Wall Street Bets Reddit group has now turned its...

After Gamestop, silver was the next big target, but investor frenzy seems to be showing signs of fatigue. Is the euphoric run on silver over? Silver is definitely making noise… or was. Who exactly is responsible for the pumping of SLV on WallStreetBets can be...

2021 Silver Price Forecasts

Metals Focus $30+
David Morgan $40
InvestingHaven $28

Long-Term Silver Forecasts

Gov Capital - $86.26 by 2024
Jason Hamlin (GoldStockBull) - $169 by2025
Kent Neumeyer, First Majestic Silver CEO -$130 long term
David Morgan (Morgan report) - 3 digitprices “in the next few years”
US silver mining began on a large scale with the discovery of the Comstock Lode in Nevada in 1858.

Silver Phoenix Twitter                 Silver Phoenix on Facebook