According to the latest long-term forecast, Silver price will hit $30 by the end of 2025 and then $40 by the middle of 2027. Silver will rise to $50 within the year of 2029, $60 in 2030, $70 in 2032, $75 in 2033 and $80 in 2034.
Silver (XAG) might reach $76.75 per ounce by June 2030 if the market conditions improve as expected. According to silver price predictions and forecasts, the precious metal's price will grow to $79.58 per ounce in the last six months of the year.
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 given the current macroeconomic conditions.
Silver price predictions for next 5 years | experts say
Three months ago, a Reuters poll predicted silver prices would average $23 per ounce in 2023 and $24 in 2024, sharply higher than the $20 for 2023 predicted in the last poll.
The price of Silver is currently just under $25 per ounce. At its peak, Silver was trading around $50 per ounce, so it would have to rise more than 100% in order for it to reach the $50 mark. It would need to increase 40x to reach $1,000 an ounce from today's numbers.
Gold and silver have historically kept up with inflation better than other asset classes, making them ideal investments for those seeking to protect their portfolio from inflation's effects.
“Silver can be highly volatile in the short term, due to relatively low liquidity, especially in the financial market,” says Agrawal. “The volatile nature makes silver a riskier bet than gold, and investors need to select the asset class that best suits their portfolio risk management requirements.”
Some analysts recommend allocating 5–10% of your portfolio toward gold and silver. Others suggest allocating up to 25%.
A Kitco News' online survey showed gold could top out at a record $2,100 an ounce in 2023, and silver could jump more than 50% to reach $38 an ounce this year.
You want a risk-free investment
If you're not prepared to ride out the waves of this volatility, you may want to explore other investment options. As Sharma puts it, "Silver is ideal for a long-term investor who is not afraid of seeing volatility."
Silver prices could touch a 9-year high in 2023 — with a bigger upside than gold. Silver could hit a nine-year high of $30 per ounce this year and become a better performer than gold.
Silver Price Prediction 2040
If the US dollar remains the global reserve currency within the next two decades, Silver can comfortably trade above $50 by 2040. Technical analysis also gives a price range of $78-$138.
While long-term and modest forecasts expect silver to hit $30 by 2025 and $40 by 2027, Keith Neumeyer, CEO of First Majestic Silver, thinks medium to long-term, silver could reach $125 per ounce, thanks to the automobile industry.
In other words, when paper money loses its value due to economic decline, silver's value will not only remain steady, but may actually increase. For example, during the brief recession in early 1980, the premium price of silver skyrocketed to its highest historical price to date: approximately $49.45 per ounce.
Silver Prediction 2025-2029
These five years would bring a significant increase: Silver price would move from $25.05 to $51.10, which is up 104%. Silver will start 2025 at $25.05, then soar to $26.65 within the first six months of the year and finish 2025 at $31.39. That means +37% from today.
Silver reserves worldwide 2010-2022
Silver is a soft, white lustrous metal. In 2022, the total global reserves of silver amounted to some 550,000 metric tons. As a precious metal, silver is often used in the production of coins, ornaments, jewelry, and silverware.
Is investing in gold and silver an intelligent move in 2023? The answer is yes, based on the current economic conditions and potential market volatility. Investing in precious metals such as gold and silver can help protect your portfolio against inflation and economic uncertainty.
One factor that gives silver a boost is its use in renewable energy products, DataTrek says. Silver and gold are both precious metals, but silver has an additional characteristic: It is used in industry.
China had a high demand for silver due to its shift from paper money to coins in the early period of the Ming dynasty. The Ming paper currency eventually failed due to self-imposed inflation along with an inability to stop the production of counterfeit bills.
The chief objective of investing in the one-kilo silver bar is the lower cost of the same in grams than the smaller coins of silver. You can buy the one-kilo bars at an affordable rate for the standard price of silver is low. The production cost of silver bars is low, leading to cheap pricing.
Peru, China and Poland lead the world with the highest silver reserves, but there are many other top silver countries by reserves to know. Here's a quick look at where other nations stand: Russia — 45,000 MT. Mexico — 37,000 MT.
These old coins contain 90% or 40% of silver and their value as silver bullion is higher than their face value due to the current silver price. This is why many collectors consider them the best choice for financial investing.
1. RHODIUM: TOP MOST VALUABLE METAL. Rhodium is the most valuable metal and exists within the platinum group of metals. It is used in jewelry for a final finish on white gold jewelry.
Gold has long been considered a safe haven asset due to its limited supply and historical stability. It's also seen as a hedge against inflation and currency devaluation, which makes it especially appealing during periods of economic uncertainty.