Silver Price Forecasts & Predictions

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

Silver Price Now: USD $25.49 -0.11   -0.44%
Recent Changes
Period 2 Days 3 Days 1 Week 2 Weeks 1 Month
Change +1.09% +2.68% +1.25% -0.72% -2.74%
Latest Silver Forecasts

silver coins

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 (source: https://www.cnn.com/2021/06/02/economy/inflation-oecd/index.html), markets are increasingly becoming concerned with ever-rising prices. It seems everywhere we look, prices for the things that we need to live (food, energy, housing) are increasing.

What is one way to protect oneself from rising inflation? By investing in tangible assets, which will at least keep pace with the inflation over the long run, and quite possibly outperform it.

What is one such tangible asset? The age-old form of money: silver.

Silver Rises in Inflationary Cycles

Since bottoming amidst the Coronavirus panic in March 2020 at $11.30 per ounce, silver has enjoyed a significant revaluation upward, closing nearly 150% higher as this article is going to press at over $28.00. However, that revaluation has not occurred in a linear fashion: silver first reached $28.00 back in August 2020. Essentially, then silver has been moving sideways amidst a consolidation for the last 10 months.

Consolidations after significant advances tend to represent pauses within markets. Nothing moves in a straight line forever, and such is the case with silver.

Let us examine silver’s August 2020 through present consolidation for clues as to how it may resolve.

Silver Ascending Triangle Consolidation

...

silver coins

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.

Gold moved higher yesterday (Feb. 23) and so did the rest of the precious metals sector. But as you will see below, this didn’t really change anything. And there’s one detail that actually perfectly fits this kind of movement. Let’s take look at the charts, starting with the key one – and no, it’s not the one featuring gold.

Figure 1

Despite yesterday’s (quite sharp for a daily move) upswing, the breakdown below the neck level of the broad head-and-shoulders remains intact. It wasn’t invalidated. Consequently, all its bearish implications remain up-to-date.

Having said that, let’s move to the detail that actually fits what happened yesterday (and so far today). Namely, silver is going through a triangle-vertex-based reversal at the moment.

Figure 2

Indeed, after moving slightly above yesterday’s intraday high in today’s overnight trading, silver moved back down. The move lower is not yet super significant, but given the reversal point, it could just be the beginning. Remember the triangle-vertex-based reversal at the beginning of the year? Back then, practically nobody wanted to believe that silver and the precious metals market was topping at that time. It was the truth, though. Gold and mining stocks were never higher since that time and the same...

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

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.

Nearly 6+ months ago, our research team highlighted a unique price range that appears to be repeating itself in Silver.  This price range consists of a $5.40 bullish or bearish price phase.  Using our 100% measured move techniques, we've seen silver move higher and...

With the Fed printing faster than ever, and a new round of COVID being reported by the government, is there a chance all of that new money could finally push silver up to $50 in 2021?

While there have always been sound money advocates who talked about silver, what’s rather intriguing to notice is how now even the big name banks are talking about silver.

If we had to pick one day, or one situation when a single market provided most indications during a single day, it would be yesterday’s performance of silver.

Silver markets went back and forth during the trading session after gapping higher on Wednesday, showing a clear range as to where the market wants to deal with. The $15.25 level underneath should be...

This week I had a great conversation with Matt from Silver Fortune and we talked about silver and gold in terms of accumulating physical metals and also trading paper metals for both long and short-term gains.

Silver peaked just shy of $50 during April of 2011. The price has been correcting ever since, falling below $14 per ounce in 2016 and again late last year. But there is a silver lining to such a deep and protracted price correction.

The silver price is in a trading range of between $15 and $14 as of September 2018 pending a breakout or breakdown. The problem is that the last trading range lasted for 1.5 years. Which means that the silver price could remain stuck in its current range for the...

The current silver bottoming process is very similar to that of 2001 to 2003. It took a while for silver to establish a base which set up the bull rally in the following years to 2011. The current bottoming has been longer, but it fits the profile of the early 2000...

Silver has enjoyed a modest recovery over the past six weeks, rising from a low of $14.00 in September to $14.70 as this article is being written. What is in store for this dual precious and industrial metal as 2018 closes out? Is there more upside to come or will...

A key difference between silver and gold prices is the fact that silver already bottomed in 1993, whereas gold bottomed only in 1999. This means that from 1993 to 1999 silver was actually in an uptrend, while gold was still caught in a downtrend. This little known ...

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”
The Fourth Coinage Act of 1873 embraced the gold standard and demonetized silver, known as the “Crime of 73”

Silver Phoenix Twitter                 Silver Phoenix on Facebook