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- Once the economic recovery is in view, the analysts expect silver prices will get further support from strengthening industrial demand, “which could see the white metal target $26/oz mid-2024. At that time, lower interest rates, firmer physical investment, ETP purchases and industrial demand will work together to tighten market conditions.”
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This 2024 silver price prediction looks at factors impacting the future silver price in the year ahead and offers a silver price forecast for the next 5 years.
May 21, 2024 · What’s in store for the silver price in the future? First Majestic Silver CEO Keith Neumeyer's silver price prediction sees it reaching $100 per ounce.
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Jan 2, 2024 · JPMorgan also expects silver prices to reach $26 per ounce by mid-year, and $30 in 2025. The investment bank added that they have “the highest conviction on a bullish medium-term forecast for both gold and silver over the course of 2024 and into 1H25.”.
May 17, 2024 · Just ahead of the weekend, silver prices have broken above $30 an ounce. July silver futures last traded at $30.74 an ounce, up nearly 3% on the day. By comparison, gold is trading at $2,406.20, up 0.88% on the day. Soaring silver prices have pushed the gold-silver ratio below 80 points, and it has been trading at its lowest level since August.
- Chinese Silver Demand
- Soaring Copper Prices
- Technical Outlook
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 than there is actual metal. source: https://x.com/oriental_ghost/status/17913731612...
Copper hit a new all-time high due to supply constraints at smelters. Supply issues and shortages could be the dominant theme for tangible assets throughout the remainder of this decade. Our Gold Cycle Indicator finished at 244. The next cycle low is expected during the first half of June.
GOLD- Gold is consolidating after its breakout above $2100. I expect a $2800 to $3000 price target sometime in the third quarter. SILVER DAILY- A breakout above $30.00 in May would support a quick spike...
Learn everything you need to know about silver price forecasts and predictions for 2024, 2025, 2030, 2040, and 2050.
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