Silver Price Forecasts for 2024 & Prediction for Next 5 years | BeatMarket (2024)

The key feature of silver as an investment asset is the real value of silver. Silver is primarily a physical commodity. That makes it impossible for its value to fall to zero. Therefore, it also makes it a proper instrument for inflation protection.

Gold has similar qualities. But silver has a few differences from the most popular of the precious metals:

• high demand in industry (electric vehicles, solar photovoltaic installations, etc.);
• availability for a wide range of people due to lower price;
• less popularity among investors (silver is hardly ever used in conservative strategies);
• higher volatility of quotations (silver does not fulfill the requirements for a safe haven).

• The long-term outlook for silver is moderately optimistic. Specialists expect the price of an ounce to be at least $50 in 2050. The boldest predictions promise growth of quotations up to $100.
• Silver forecast 2024 is bullish. For example, JPMorgan expects the price to reach $30 by the fourth quarter. And InvestingHaven.com experts are confident that the market will test the level of $32 in the first half of the year.
• But there are also pessimistic analysts. According to the Longforecast service, the price of silver will not exceed $24 by the end of 2024.
• BeatMarket's forecast for the coming month is neutral.

The price of silver is largely determined by the balance of supply and demand. But market expectations of a recession are making serious adjustments. The best time to invest in this metal is during periods of economic growth.

Growth

Silver price demonstrates positive dynamics. There is every reason to believe that this situation will not change in the coming days. The current moment is proper for building up positions in the metal regardless of the investment horizon.

Silver price forecasting can be based on technical analysis. For this purpose, popular tools and indicators are used. For example:

1. Bollinger Bands consist of three lines. When the stock price chart touches the upper or lower extreme, it signals a potential change in price direction.
2. Moving averages are used to identify support and resistance points, and they also help forecast a trend reversal. If stock prices are above the moving average, it is considered a buy signal.
3. The RSI (Relative Strength Index) is used to determine moments of overbought or oversold conditions. If the indicator exceeds 70%, the asset is considered overbought, and there is a high probability of a price decline. An asset is deemed oversold if the RSI value is below 30%.

The technical analysis tools listed are among the simplest for beginner investors. However, they can provide fairly reliable forecasts.

All technical analysis indicators share a common drawback: they only consider past data. As a result, some signals may turn out to be false. Fundamental factors and significant news can lead to abrupt changes in trends.

The data on popular indicators and tools are given below. You can adjust your trading strategy based on them.

The silver price outlook for the next 5 years is positive. All analysts share this opinion. Financial consultants recommend investors to increase their position in the metal to diversify their portfolio.

Analysts' positive expectations for silver have several fundamental reasons:

• Growth in industries that provide high demand for silver;
• high inflation expectations;
• increased investor interest in real assets due to higher correlation in the stock market.

Silver is expensive right now when based on historical data over the past decade. Despite this, experts are predicting a positive 5-year outcome. Although there is a probability that in some years quotations will decrease.

2024 2025 2026 2027 2028

Expert forecasts for 2025 differ slightly from predictions for 2024. Below are some of the most interesting estimates:

• $26 - $28 from Wallet Investor: This price level is likely if high interest rates are maintained.;
• $35 - $38 from Coin Price Forecast: This threshold is achievable if the current pace of demand growth continues and there is a moderate reduction in rates.;
• $40 from Gov Capital: Such quotes are realistic only with a significant decrease in the Federal Reserve rate and an increase in demand for silver..
• The most optimistic forecast comes from Investing Heaven, with a target price of $48. This assessment results from expectations of increased investor yield requirements. According to platform experts, in 2025, capital will shift into alternative assets, leading to a new rally in metals..

In the view of BeatMarket experts, the most likely scenario is a pessimistic one.

The most optimistic forecast for silver in 2026 predicts a rise in prices to $50-$68, as projected by Gov Capital. Other experts are much more pessimistic. A "golden middle" can be considered the range of $41.68 - $45.92, according to analysts from Coin Price Forecast.

The lowest estimate is provided by Wallet Investor. Their experts expect a decrease in prices to $25. This viewpoint is based on the fact that silver has been in a sideways trend for a long time. Analysts from the platform see no reasons for a break in this trend. BeatMarket experts agree with this view. Our forecast for silver in 2026 is a price below $30.

The maximum price forecast for the end of 2027 is $94.9, as suggested by Gov Capital. BeatMarket experts consider this estimate to be inflated. In our view, there are no fundamental reasons for a more than fourfold increase in prices over four years.

We believe that the global silver market will continue to move sideways. It is unlikely that prices will stabilize above $30 for long. Previous historical highs were the result of speculation. In our opinion, the current valuation of an ounce of metal is fair.

Long-term forecasts are even more variable than short-term ones. Experts name the following ranges:

• $80-$109 - Gov Capital platform;
• $41.38-$43.70 - coinpriceforecast.com;
• $18.53-$20.80 - Long Forecast service.

BeatMarket experts see factors that indicate a likely increase in the price of silver. First and foremost is the growth in demand from the green energy sector. The second was the lagging of gold, which was the earliest the market wagged out.

We therefore disagree with the negative outlook. At the same time, we consider the $100 bar to be overstated. In our view, the maximum probability is a moderate projection. We expect the price per ounce not to exceed $30 by the end of 2028.