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$34.70
- “The price of silver will move to our first bullish target in 2024 which is $34.70. We predict $48 to be hit either by mid-2024 or mid-2025.”
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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.
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Jul 16, 2024 · What is the silver price outlook after $30 in 2024? In 2024, the silver price has finally broken through the long anticipated US$30 mark, a catalyst experts have discussed heavily in...
- Educational Content Specialist
Jul 16, 2024 · Silver price prediction 2024: Silver prices are forecasted to rise to new all-time highs in 2024, as overall global demand for silver “massively exceeded” supply last year, with that deficit expected to extend into a fourth consecutive year in 2024.
- Cristian Cochintu
- The price of silver is forecasted to trade around the median price of $24.85 per ounce during 2024, with highs at $34,70, according to analysts.
- Many experts in the space expect silver to perform strongly in the years to come, but don't necessarily see it reaching US$100 or more, especially...
- Silver (XAG) might reach an all-time high of $50 per ounce in the next 5 years if the market conditions improve as expected, according to the lates...
Aug 12, 2024 · We expect silver to move higher in 2024 because the top in Yields is confirmed. Silver and Yields are inversely correlated. Our bullish silver price forecast 2024 is supported by silver’s 4 leading indicators: Gold’s secular bull market; Yields setting a top; USD is lacking bullish momentum; Inflation expectations respecting their uptrend.
We predict that the silver prices will reach around $27 per ounce in 2024, though we’ll continually monitor the market closely and provide valuable guidance for investors. Silver has risen more than gold so far this year due to investors emerging from pandemic-driven safe-haven buying.
Jun 12, 2024 · BofA Metal Strategist Michael Widmer sees the silver price rising to a 2026E average of $35/oz (vs. $29.28/oz spot). This bullish forecast stems from several factors, including an...
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.”.
