Silver Price Prediction
Forecasting the future price of silver is a topic of great interest for investors, traders, and enthusiasts alike. As silver holds a significant place in the global economy and finds use in various industries, understanding its potential price trajectory provides valuable insights for informed decision-making. In this article, we delve into silver price forecasts spanning the years 2024 to 2030.
Table of Contents
Key Takeaways
Silver Price Forecast Summary
What does the price of silver depend on?
Silver Price Prediction 2025
Silver Price Forecast 2026
Silver Price Forecast 2027
Silver Price Forecast 2028
Silver Price Forecast 2029
Silver Price Forecast 2030
Ways to forecast the price of silver
Silver price history chart for 10-20-50 years
Long-term silver price prediction chart for 10 years
Silver Forecast - Fundamental Outlook 2024
Silver Technical Outlook
FAQ
Key Takeaways
-
Silver's growing applications in green technologies, photovoltaics, automotive (electromobility), and medical sectors are critical factors boosting its demand and price.
- A high gold-silver ratio signals potential silver price increases, while a low ratio may indicate a decline in its value compared to gold forecast.
- Silver market prices are shaped by inflation rates, interest rates, and currency strength, with weaker USD often pushing silver prices higher.
- Analysts expect silver price predictions to range from $25 to $33 in 2024, with potential highs reaching $225 per ounce by 2030, reflecting varying financial markets expectations and external economic uncertainties.
Silver Price Forecast Summary
| Year |
Forecast Range (USD/oz) |
Key Factors |
| 2024 |
$31 – $33 |
- Industrial demand in green technologies and photovoltaics.
- Inflation expectations and weaker USD.
- Geopolitical tensions boosting safe-haven demand.
|
| 2025 |
$31 – $80 |
- Continued industrial use in tech and automotive sectors.
- Strong industrial demand from precious metals investors through ETFs and physical silver.
- Potential interest rate adjustments.
|
| 2026–2030 |
$35 – $225 |
- Expansion in industrial applications.
- Economic cycles and inflationary pressures.
- Fluctuations in the silver-to-gold price ratio.
|
What does the price of silver depend on?
It is not only the economic situation that determines silver prices and makes forecasting them difficult. The value of this precious metal depends on:
-
Interest rates;
- Geopolitical situation;
- Inflation rates;
- Economic situation in the industry.
Silver is a metal used in the jewelry industry. However, other companies (such as tech producers) are increasingly willing to use it. Silver is used, among others, by the photovoltaic and automotive industries (mainly in electromobility).
Silver Price Prediction 2025
As we look towards the silver price prediction for 2025, the general sentiment among industry experts and market analysts remains optimistic. However, it's important to note that this bullish trend is not expected to be a smooth ride, with various fluctuations anticipated throughout the year.
The silver price forecast for 2025 by WalletInvestor shows the stability of this asset, with prices ranging from $31.324 to $33.534. Let’s have a closer look.
| Date |
Opening Price |
Closing Price |
Minimum Price |
Maximum Price |
| January 2025 |
$31.330 |
$31.743 |
$31.324 |
$31.773 |
| February 2025 |
$31.806 |
$32.385 |
$31.806 |
$32.400 |
| March 2025 |
$32.476 |
$32.652 |
$32.467 |
$32.652 |
| April 2025 |
$32.680 |
$32.764 |
$32.680 |
$33.141 |
| May 2025 |
$32.712 |
$32.646 |
$32.346 |
$32.712 |
| June 2025 |
$32.699 |
$32.141 |
$32.113 |
$32.710 |
| July 2025 |
$32.144 |
$32.812 |
$32.144 |
$32.816 |
| August 2025 |
$32.772 |
$33.263 |
$32.753 |
$33.263 |
| September 2025 |
$33.405 |
$32.702 |
$32.702 |
$33.534 |
| October 2025 |
$32.695 |
$33.040 |
$32.612 |
$33.089 |
| November 2025 |
$33.048 |
$32.723 |
$32.723 |
$33.048 |
| December 2025 |
$32.730 |
$32.767 |
$32.591 |
$32.767 |
Here are more silver price forecasts from DigitalCoinPrice with a more optimistic analysis:
| Month |
Minimum Price |
Average Price |
Maximum Price |
| January 2025 |
$66.40 |
$69.06 |
$71.24 |
| February 2025 |
$66.71 |
$68.06 |
$71.16 |
| March 2025 |
$65.93 |
$76.42 |
$79.04 |
| April 2025 |
$65.49 |
$67.39 |
$72.44 |
| May 2025 |
$66.82 |
$68.59 |
$69.23 |
| June 2025 |
$66.83 |
$71.19 |
$75.09 |
| July 2025 |
$66.52 |
$74.58 |
$76.88 |
| August 2025 |
$65.50 |
$66.65 |
$71.10 |
| September 2025 |
$65.55 |
$71.15 |
$73.86 |
| October 2025 |
$66.16 |
$75.99 |
$79.23 |
| November 2025 |
$66.82 |
$72.52 |
$73.98 |
| December 2025 |
$65.95 |
$79.58 |
$80.75 |
Silver Price Forecast 2026
Experts across the board share a positive outlook on silver price prediction in 2026. However, there is a spectrum of expectations; while some analysts are measured in their forecasts, anticipating steady but moderate gains, others project a more radiant growth story, envisioning silver as a standout asset in the commodities market.
According to the WalletInvestor forecast, the silver price will continue trading at approximately the same level as in 2025.
| Date |
Opening Price |
Closing Price |
Minimum Price |
Maximum Price |
| January 2026 |
32.780 |
33.191 |
32.759 |
33.221 |
| February 2026 |
33.252 |
33.814 |
33.252 |
33.827 |
| March 2026 |
33.914 |
34.101 |
33.914 |
34.101 |
| April 2026 |
34.151 |
34.230 |
34.151 |
34.594 |
| May 2026 |
34.144 |
34.087 |
33.795 |
34.144 |
| June 2026 |
34.154 |
33.596 |
33.585 |
34.175 |
| July 2026 |
33.620 |
34.232 |
33.597 |
34.272 |
| August 2026 |
34.260 |
34.821 |
34.216 |
34.821 |
| September 2026 |
34.853 |
34.189 |
34.189 |
35.005 |
| October 2026 |
34.156 |
34.504 |
34.080 |
34.546 |
| November 2026 |
34.520 |
34.200 |
34.193 |
34.520 |
| December 2026 |
34.188 |
34.217 |
34.050 |
34.217 |
More price predictions from DigitalCoinPrice are much more positive in its silver forecast for 2026. According to their forecast, the silver price is going to reach a maximum of $113.53 throughout this year.
| Month |
Minimum Price |
Average Price |
Maximum Price |
| Jan 2026 |
$91.87 |
$93.93 |
$108.98 |
| Feb 2026 |
$91.30 |
$99.11 |
$107.47 |
| Mar 2026 |
$90.48 |
$106.50 |
$113.53 |
| Apr 2026 |
$91.48 |
$96.23 |
$99.92 |
| May 2026 |
$91.35 |
$99.88 |
$103.82 |
| Jun 2026 |
$91.09 |
$101.95 |
$108.78 |
| Jul 2026 |
$90.85 |
$94.17 |
$98.74 |
| Aug 2026 |
$91.03 |
$93.81 |
$97.64 |
| Sep 2026 |
$91.07 |
$99.98 |
$103.66 |
| Oct 2026 |
$91.37 |
$93.27 |
$95.49 |
| Nov 2026 |
$91.43 |
$92.92 |
$97.02 |
| Dec 2026 |
$91.06 |
$97.61 |
$109.66 |
Silver Price Forecast 2027
Heading into 2027, the silver forecast gleams with potential. Analysts predict a robust growth trajectory, buoyed by industrial demand and investment appeal.
WalletInvestor provides the following silver prediction
| Date |
Opening Price ($) |
Closing Price ($) |
Minimum Price ($) |
Maximum Price ($) |
| January 2027 |
34.196 |
34.639 |
34.196 |
34.670 |
| February 2027 |
34.699 |
35.241 |
34.699 |
35.253 |
| March 2027 |
35.347 |
35.573 |
35.347 |
35.573 |
| April 2027 |
35.598 |
35.662 |
35.591 |
36.045 |
| May 2027 |
35.555 |
35.603 |
35.252 |
35.603 |
| June 2027 |
35.609 |
35.074 |
35.055 |
35.633 |
| July 2027 |
35.074 |
35.690 |
35.042 |
35.726 |
| August 2027 |
35.723 |
36.269 |
35.681 |
36.269 |
| September 2027 |
36.323 |
35.651 |
35.651 |
36.466 |
| October 2027 |
35.583 |
35.964 |
35.525 |
36.000 |
| November 2027 |
35.989 |
35.659 |
35.659 |
35.989 |
| December 2027 |
35.669 |
35.633 |
35.511 |
35.669 |
The DigitalCoinPrice platform sees silver rising in price. The maximum price can potentially reach $140.78.
| Month |
Minimum Price ($) |
Average Price ($) |
Maximum Price ($) |
| January 2027 |
119.54 |
128.05 |
140.78 |
| February 2027 |
118.47 |
124.11 |
126.83 |
| March 2027 |
118.61 |
119.75 |
134.73 |
| April 2027 |
118.55 |
125.30 |
127.81 |
| May 2027 |
118.46 |
130.95 |
138.62 |
| June 2027 |
119.53 |
124.62 |
129.75 |
| July 2027 |
119.21 |
123.68 |
128.30 |
| August 2027 |
118.45 |
126.69 |
138.86 |
| September 2027 |
119.54 |
123.63 |
141.26 |
| October 2027 |
119.34 |
125.44 |
137.14 |
| November 2027 |
119.72 |
122.77 |
139.27 |
| December 2027 |
119.55 |
124.70 |
134.88 |
Silver Price Forecast 2028
Looking ahead to the 2028 silver prediction, the future of this asset looks incredibly promising. Experts are optimistic about its potential for significant growth.
WalletInvestor expects silver prices to keep stable with some minor volatility. The maximum price is going to reach $37.921 in September 2028, while the minimum level is expected to be seen in January, with a price of $35.720
| Date |
Opening Price ($) |
Closing Price ($) |
Minimum Price ($) |
Maximum Price ($) |
| January 2028 |
35.720 |
36.147 |
35.720 |
36.147 |
| February 2028 |
36.153 |
36.798 |
36.153 |
36.798 |
| March 2028 |
36.839 |
37.011 |
36.831 |
37.021 |
| April 2028 |
37.144 |
37.180 |
37.144 |
37.512 |
| May 2028 |
37.072 |
37.086 |
36.715 |
37.086 |
| June 2028 |
37.087 |
36.493 |
36.493 |
37.087 |
| July 2028 |
36.556 |
37.184 |
36.556 |
37.184 |
| August 2028 |
37.180 |
37.770 |
37.139 |
37.770 |
| September 2028 |
37.764 |
37.080 |
37.080 |
37.921 |
| October 2028 |
37.035 |
37.447 |
36.978 |
37.455 |
| November 2028 |
37.460 |
37.127 |
37.127 |
37.460 |
| December 2028 |
37.078 |
37.072 |
36.974 |
37.096 |
DigitalCoinPrice, in turn, believes that the silver prices will enter a slight downtrend in 2028 in contrast to 2027.
| Month |
Minimum Price ($) |
Average Price ($) |
Maximum Price ($) |
| January 2028 |
$103.39 |
$106.22 |
$107.97 |
| February 2028 |
$103.20 |
$114.55 |
$124.13 |
| March 2028 |
$103.08 |
$108.57 |
$112.60 |
| April 2028 |
$103.60 |
$107.94 |
$110.07 |
| May 2028 |
$103.21 |
$116.73 |
$122.22 |
| June 2028 |
$103.70 |
$109.90 |
$114.90 |
| July 2028 |
$103.24 |
$104.78 |
$107.11 |
| August 2028 |
$103.64 |
$115.75 |
$124.10 |
| September 2028 |
$104.25 |
$105.20 |
$121.73 |
| October 2028 |
$102.99 |
$109.43 |
$116.86 |
| November 2028 |
$103.77 |
$119.24 |
$122.98 |
| December 2028 |
$103.93 |
$111.14 |
$113.86 |
Silver Price Forecast 2029
The silver price trend for 2029 ranges between market experts. WalletInvestor predicts a bullish silver price forecast trend at the beginning of the year, but expects a slight drop in June. DigitalCoinPrice, in contrast, is significantly more positive in its silver price prediction, stating that the maximum price will reach $170.45 in mid-year.
WalletInvestor:
| Date |
Opening price |
Closing price |
Minimum price |
Maximum price |
| January 2029 |
37.157 |
37.629 |
37.157 |
37.629 |
| February 2029 |
37.634 |
38.271 |
37.605 |
38.271 |
| March 2029 |
38.289 |
38.434 |
38.269 |
38.448 |
| April 2029 |
38.560 |
38.590 |
38.560 |
38.983 |
| May 2029 |
38.540 |
38.539 |
38.187 |
38.540 |
| June 2029 |
38.506 |
37.949 |
37.949 |
38.537 |
| July 2029 |
37.999 |
38.641 |
37.999 |
38.643 |
| August 2029 |
38.659 |
39.181 |
38.595 |
39.184 |
| September 2029 |
39.306 |
38.584 |
38.584 |
39.371 |
| October 2029 |
38.521 |
38.927 |
38.438 |
38.927 |
| November 2029 |
38.916 |
38.672 |
38.672 |
38.916 |
DigitalCoinPrice:
| Month |
Minimum Price |
Average Price |
Maximum Price |
| Jan 2029 |
$146.52 |
$162.43 |
$166.15 |
| Feb 2029 |
$146.67 |
$159.51 |
$163.20 |
| Mar 2029 |
$147.63 |
$152.72 |
$160.25 |
| Apr 2029 |
$147.65 |
$152.62 |
$166.25 |
| May 2029 |
$146.97 |
$165.24 |
$170.45 |
| Jun 2029 |
$147.91 |
$161.94 |
$169.15 |
| Jul 2029 |
$146.62 |
$152.50 |
$153.66 |
| Aug 2029 |
$146.39 |
$149.37 |
$154.52 |
| Sep 2029 |
$147.45 |
$148.63 |
$155.47 |
| Oct 2029 |
$146.77 |
$152.33 |
$154.69 |
| Nov 2029 |
$147.16 |
$164.18 |
$166.30 |
| Dec 2029 |
$147.20 |
$148.07 |
$164.06 |
Silver Price Forecast 2030
Experts' optimistic projections suggest that the price of silver forecast in 2030 may rise as high as $224.78.
DigitalCoinPrice provides a very optimistic view. The platform's bullish silver forecast is below:
| Month |
Minimum Price |
Average Price |
Maximum Price |
| Jan 2030 |
$209.71 |
$215.94 |
$221.75 |
| Feb 2030 |
$209.22 |
$212.84 |
$224.78 |
| Mar 2030 |
$209.38 |
$220.01 |
$221.50 |
| Apr 2030 |
$209.72 |
$219.34 |
$224.57 |
| May 2030 |
$208.84 |
$213.83 |
$226.68 |
| Jun 2030 |
$208.75 |
$215.40 |
$223.54 |
| Jul 2030 |
$210.10 |
$211.57 |
$231.82 |
| Aug 2030 |
$209.75 |
$225.73 |
$228.36 |
| Sep 2030 |
$209.52 |
$211.43 |
$219.21 |
| Oct 2030 |
$208.89 |
$214.29 |
$222.27 |
| Nov 2030 |
$209.00 |
$222.95 |
$229.86 |
| Dec 2030 |
$208.99 |
$220.90 |
$223.27 |
Ways to forecast the price of silver
A multitude of factors determine silver prices – here is what you should take a close look at to make correct silver price forecasts.
Investment demand
Investment demand is a key driver of silver prices, influenced by the actions of both retail and institutional investors. Tracking the volume of silver-backed ETFs, physical silver purchases, and speculative trading activity provides insights into market sentiment. Increased demand typically indicates confidence in silver's value, which can signal potential price growth.
Gold/silver ratio
The gold/silver ratio is used to gauge the relative value of gold to silver. Historically, when the ratio is high, silver tends to outperform gold, suggesting a potential increase in silver prices. Conversely, a low ratio may indicate a potential decline in silver prices relative to gold.
Inflation expectations
Investment expectations, such as increased demand for silver due to economic uncertainty or industrial usage, can impact silver prices. If investors anticipate rising inflation, they may buy silver as a hedge, boosting its price. Similarly, expectations of strong industrial growth can increase demand for silver in manufacturing, raising its value.
EUR/USD
When the dollar is strong, it can make gold and silver more expensive for buyers using other currencies. This can lead to a decrease in demand for gold and silver, which can cause the prices to fall. On the other hand, when the dollar is weak, it can make gold and silver less expensive for buyers using other currencies.
Futures market (CoT)
The Commitment of Traders (CoT) report in the futures market can help predict the price of silver by providing insights into the positions and sentiments of large traders (commercial hedgers and speculative traders). A significant imbalance in positions, with commercial hedgers taking opposite stances to speculators, may signal potential price reversals.
Silver price history chart for 10-20-50 years
Over the past 50 years, several significant events have shaped the price of silver:
-
Hunt Brothers' Silver Manipulation (1970s). The Hunt Brothers attempted to corner the silver market in the late 1970s, driving prices to record highs. The US government intervened, leading to a crash in prices. The collapse of the scheme in 1980 resulted in a sharp price decline, and regulatory changes followed.
- 1980s Silver Price Slump. High-interest rates and a stronger US dollar in the 1980s led to a prolonged bear market for silver.
If we take a look at a silver price 20 year chart, we will see that its cost was mainly influenced by:
-
Financial Crisis (2008). The global financial crisis increased demand for safe-haven assets, benefiting silver.
- Industrial Demand (2010s). Increased industrial use, particularly in electronics and solar panels, boosted silver prices.
- Silver Squeeze (2021): Social media-driven retail investor interest led to a short-lived surge in silver prices.
Long-term silver price prediction chart for 10 years
According to BeatMarket, the silver price may show the following performance in the following years:
As for longer-term silver predictions, Coinpriceforecast claims that the silver price may reach $101.19 during 2033.
Silver Forecast - Fundamental Outlook 2024
Industrial Demand
In 2024, the industrial demand for silver continues to play a pivotal role in its market valuation, leveraging its exceptional electrical and thermal conductivity properties. The metal's inherent antimicrobial features also bolster its increasing utilization in medical applications, signaling a sustained expansion in industrial consumption. A significant driver for silver's industrial demand is its essential role in various green technologies, which are becoming increasingly crucial as the global emphasis on sustainability intensifies.
This pattern suggests a robust industrial appetite for silver, reflecting positively on its market dynamics despite the fluctuations observed in its monthly pricing throughout 2024.
Investment Demand
The investment demand for silver in 2024 shows a nuanced pattern, significantly influencing its price movements. Throughout the years, silver prices have experienced fluctuations, reflecting investors' shifting confidence and market speculation. Investment trends in silver, encompassing physical purchases and ETFs, play a critical role in shaping its market value.
Despite the observable price variability each month, the underlying sentiment appears optimistic, with investors reacting to global economic cues, inflation expectations, and geopolitical events. This year's investment dynamics underscore the importance of monitoring both tangible and paper silver investments, as they collectively dictate the evolving investment landscape and subsequent price forecasts for silver in 2024.
Silver Technical Outlook
If we take a look at technical indicators, we will see that it’s high time to buy silver. Taking into account rising geopolitical tensions, demand for safe-haven assets stays strong, which is bullish for gold and silver.
| Technical Indicator |
Value |
Action |
| RSI(14) |
61.489 |
Buy |
| STOCH(9,6) |
65.272 |
Buy |
| STOCHRSI(14) |
69.722 |
Buy |
| MACD(12,26) |
1.85 |
Buy |
| ADX(14) |
31.423 |
Buy |
| Williams %R |
-27.687 |
Buy |
| CCI(14) |
99.2762 |
Buy |
| ATR(14) |
3.7541 |
High Volatility |
| Highs/Lows(14) |
1.9957 |
Buy |
| Ultimate Oscillator |
53.843 |
Buy |
| ROC |
38.129 |
Buy |
| Bull/Bear Power(13) |
6.002 |
Buy |
FAQ
What will silver be worth in 2030?
Predictions for silver's value in 2030 vary widely, depending on economic conditions, industrial demand, and inflation. Analysts estimate prices could range from $75 to over $200, but significant global events could drive this range higher or lower.
What will the silver price be in 2040?
Forecasting silver prices and other precious metals for 2040 is highly speculative, but long-term trends suggest a potential bullish silver price forecast. According to very positive predictions, it can be traded over $250 in the long run.
Will silver ever reach $1,000 an ounce?
While $1,000 per ounce seems unlikely under normal circumstances, hyperinflation, economic collapse, or extraordinary industrial demand could push prices to unprecedented levels. However, this scenario remains speculative.
What year will silver reach $100 per ounce?
Physical silver investment reaching $100 per ounce could happen within the next decades if demand increases sharply or inflation spikes. DigitalCoinPrice believes this milestone might occur in 2026.
Will silver ever reach $30 an ounce?
Silver has already reached $30 per ounce. As of November 2024, it’s traded at $31.04 per troy ounce.
Will silver rise if the dollar collapses?
Yes, silver is often viewed as a hedge against currency devaluation. If the dollar collapses, silver prices would likely rise significantly as investors seek stable, tangible assets to preserve value during economic uncertainty.
Where will silver be in 10 years?
In 10 years, silver trading price is expected to rise. Experts like WalletInvestor predict a modest increase while DigitalCoinPrice expects significant new heights of this asset.
What will silver be in 2027?
WalletInvestor expects silver to trade at around $35 in 2027, DigitalCoinPrice is more positive about this precious metal. They predict the maximum silver price to reach $140.78.
)
