Latest Silver Price Forecasts & Predictions

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...

Silver has just broken higher out of a short-term consolidation. This price behavior results in a target of $38.65, a 16% anticipated gain for silver over the months ahead. For investors seeking increased profit above this figure, silver miners have recently begun to provide positive leverage above and beyond the bullion price.

Silver’s Breakout

Silver’s breakout is clear to see on the chart below:

Note the five-month cup consolidation below the $32.50 figure (black dashed line). This consolidation began in May, and has just recently broken upward to trigger the pattern.

In the case of silver, the consolidation had an amplitude of $6.15 below the breakout point. We can reasonably now expect that $6.15 worth of short-sellers and hedgers will be incentivized to cover those positions. Silver thus has a reasonable target of $6.15 + $32.50, yielding a target of $38.65 for the coming months.

Timing the Target

We now need to place silver’s $38.65 target into the visible pattern boundaries in order to project an anticipated timeline for the advance.

Note the wedge-like pattern (blue dashed lines) that is forming in the silver market, with both sellers and buyers emerging at higher intervals since 2022. When we place the amplitude target of $38.65 within the visible pattern, we see that silver should be expected to achieve its target no later than Q2 – Q3 of 2025.

Invalidation Point

We must always identify a point at which we observe that something has changed in the market, and that a target has been invalidated. In the case of silver above, should the breakout point of $32.50 fail to act as support for at least two days over the coming weeks, it...