Silver Price Forecasts & Predictions

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

Silver Price Now: USD $23.52 -0.15   -0.65%
Recent Changes
Period 2 Days 3 Days 1 Week 2 Weeks 1 Month
Change -0.43% -0.72% -1.46% +0.24% -3.55%
Latest Silver Forecasts

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

Prices tumble.

As I emphasized many times before, silver's outperformance is rarely a bullish sign, and the fact that it recently took a very visible form only indicates that the next slide will be of medium-term size, not just something short term.

Why would silver’s outperformance be a bearish sign at all? 

First of all, because the history shows that it worked numerous times. 

Second, the silver market is much smaller, and it’s much popular with individual investors / investment public. The institutions simply can’t buy a lot of silver without moving the market, so they are not that interested in it – besides, it hasn’t performed well in the past decade. Individual investors, however, can usually freely enter the silver market, and due to multiple reasons, they often do.

The thing is that the investment public is often the last to the party – individual investors often buy close to tops, and they sell close to bottoms. 

And you can see this in the price movement – silver soars relative to gold close to tops in their prices.

In other news, silver just invalidated its temporary breakout above the 61.8% Fibonacci retracement.

Yes, that’s a retracement that’s higher than the analogous ones in stocks, gold, crude oil, and mining stocks, and… This is yet another confirmation of silver’s short-term strength.

Once again – it’s not something bullish, but very likely something bearish.

This means that the recent sizable rally is nothing more than a – sizable, but still –...

silver

Silver prices have dipped below the $22.50 level on eight different occasions over the last 2-years. Prices are below that level once again. Silver hasn't been this low since July 2020. 

Key Silver Price Levels

  • To support a cycle bottom, silver needs to get back above $22.50 by month-end. 

  • Whereas a bearish continuation below $20.00 could trigger a temporary spike lower. 

Note- If prices were to drop further, I see significant support surrounding $18.00.

Temporary Decline

Given developing commodity shortages, I don't see silver staying low for long under any scenario. 

Takeaway on Silver

As long silver as prices stay below $22.50, more downside is possible. 

If silver slips below $20.00, it would likely be temporary as shortages would put an immediate floor under price (real physical investment bars, bullion, and coins vanishing because of cheap paper price).

The first step in establishing a bottom would be a finish back above $22.00.

AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle. For regular updates, please...

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

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...

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...

From the panic low of the Coronavirus scare last March when silver bottomed at $11.30 to its inflation-induced peak at $29.82 in August, silver prices rose an incredible 163% during 2020 in less than five months. Yet as this article is going to press the day of the...

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?

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”
Most silver is produced as a byproduct of copper, gold, lead and zinc refining.

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