Silver Price Forecast & Predictions for 2024, 2025–2030, 2040 and Beyond

First and foremost, silver is a tangible commodity recognized for its intrinsic value. Therefore, a key characteristic of this metal is that its price cannot reach zero.

Silver is valued for its malleability and ductility. It is harder than gold and softer than copper. This white metal is an excellent conductor of both electricity and heat, making it a highly versatile component in a range of applications. Furthermore, silver does not oxidize, which distinguishes it from other metals and makes it a highly sought-after commodity in a variety of industries.

Silver is an effective means of safeguarding capital against inflation. What is the outlook for the price of silver in the near term? What are the projections for the future trajectory of the XAGUSD exchange rate from leading global analysts? This article answers these questions and provides valuable insights into the silver market.

The article covers the following subjects:

Major Takeaways

• The current price of silver is $30.559 as of 15.12.2024.
• Silver reached its all-time high of $49.55 on 2011-04-28. Silver’s all-time low of $3.53 was recorded on 1991-02-22.
• There is a high demand for silver in the industry. For instance, silver is used in the production of solar panels, electric cars, and other products.
• While it is not a safe-haven asset in times of crisis, it represents a solid investment in periods of a rebound in production.
• Due to its low price, silver is more accessible than gold.
• XAG is less popular among investors and is not commonly used in conservative trading strategies. Due to the nature of the asset and the speculative strategies employed, silver quotes are subject to high volatility.
• Most analytical agencies expect the price of silver to reach $32.76–$40.42 per troy ounce in 2024 and 2025. More optimistic projections indicate a potential surge to $65.18. A negative scenario suggests a decline in the trading instrument’s quotes to $24.77 by the end of 2025.
• Analysts project a bullish outlook for the XAGUSD rate in 2026. Analysts forecast that the silver price will reach approximately $34.21–$43.04 per troy ounce by the end of the year. More optimistic forecasts project a bullish trend, with an estimated high of $69.57.
• Between 2027 and 2030, analysts predict that the trading instrument will exhibit mixed performance. The average price of the precious metal will reach $55.00–$79.49 per ounce by 2030. Conversely, other experts anticipate a decline in the silver price to the $26.99–$27.39 range.
• Long-term forecasts for 2040–2050 are less accurate due to unforeseen economic and political factors that may affect silver quotes. Nevertheless, most analysts are positive about silver’s prospects and forecast the price to soar to $100.00–$120.54 per troy ounce.

Silver Real-Time Market Status

Silver is trading at $30.559 as of 15.12.2024.

It is essential to pay close attention to the following key indicators to gain a clear insight into the current state of the silver market:

• The investment and industrial demand for silver, including demand from the green energy sector.
• Production by leading silver-producing countries, including Mexico, China, and Peru, and a silver market supply analysis.
• The price of silver and gold has an inverse correlation with the US dollar index. 
• During financial crises, gold tends to experience an uptick, and silver usually declines. Conversely, silver production begins to grow during periods of economic recovery. Therefore, it is crucial to monitor the inverse correlation to identify potential market changes at an early stage.
• The rhetoric and actions of the US Federal Reserve and other central banks are key factors to monitor. Monetary policy adjustments have a direct impact on financial markets, including commodities.
• Inflation in the US. As the US dollar depreciates, the price of XAG rises. Conversely, when the USD strengthens, silver becomes cheaper.
• Geopolitical events, such as conflicts in Eastern Europe and the Middle East, can affect the price of silver.
• Sentiments of XAGUSD market participants can also influence the silver price.
• Experts’ expectations and forecasts.
• Analysis of technical indicators to assess the current state of the silver market and forecast its future performance.

Before making short- and long-term trading decisions, it is essential to analyze the aforementioned factors and indicators. A comprehensive understanding of these elements will facilitate more profitable and efficient trades on the XAGUSD.

Silver Price Forecast for 2024–2025 Based on Technical Analysis

It is essential to conduct a technical analysis of the silver price on the D1 and W1 charts to ascertain the short- and long-term trajectory of the XAGUSD rate. The technical analysis will employ the MACD, RSI, MFI, MA Cross, and tick volume indicators. These tools will help identify key support and resistance levels, overbought/oversold zones, and monitor market volume.

In addition, candlestick and chart formations are analyzed. Identifying candlestick patterns on the silver chart will enable us to forecast potential reversal points or trend continuation levels.

Since the end of February 2024, the price of the precious metal has maintained a bullish trend, trading near $31.33 per troy ounce.

On the daily chart, the price has started to form a large Bear Flag pattern after the quotes hit the swing high of $34.86. Notably, the price has touched this level for the first time in 12 years. At the same time, the price is expected to beach the pattern’s lower boundary and decline to the area of $26.43–$24.35.

The market price of the trading instrument has pierced the dynamic support level MA50 at $27.86. However, the asset’s value is trading within the upward trend above the dynamic support line MA200 at $24.48. This suggests that the market may move without a clear direction, as there is uncertainty about future trends.

The MACD indicator values are trending upward in the negative zone, approaching the zero threshold. If the indicator’s values continue to increase along with the asset’s price, it may signal the strengthening of the uptrend.

RSI values are at 48, rising in the neutral zone. The MFI shows an inflow of liquidity, indicating that silver purchases are growing.

On the weekly chart, the asset has formed an Evening Star candlestick pattern in the range of $34.90 to $31.71, signaling that the uptrend is fading and that the asset has reached the top of the current trend. However, following a correction to $29.72, the price resumed its upward trajectory within the established bullish trend.

The MACD indicator gives a mixed signal, with values trending downward in the negative zone, indicating that the uptrend is losing steam. The RSI shows a bearish divergence, which suggests that bulls are becoming weaker and that a downtrend reversal is likely.

The MFI gives no buy or sell signals. The notable decline in trading volumes suggests a reduction in demand for silver from market participants. Technical indicators and chart patterns provide mixed signals but confirm the bullish trend is waning.

A recovery and consolidation of the silver price above the key resistance level of $31.71 on increased volumes may signal the continuation of growth and provide an opportunity to open long positions with targets in the area of $32.91–$38.42 within six to twelve months.

A bearish scenario may unfold if the price settles below the support level of $29.72. Should this occur, bears may drag the price to the area of $27.68–$21.94.

Below is the table with forecasted minimum and maximum silver prices within the next 11 months.

Month	XAGUSD Projected Values
	Minimum, $	Maximum, $
December 2024	31.76	32.90
January 2025	32.66	34.74
February 2025	32.85	35.26
March 2025	32.71	35.83
April 2025	35.64	37.30
May 2025	36.87	38.29
June 2025	36.68	38.86
July 2025	35.31	36.92
August 2025	34.79	36.64
September 2025	36.26	38.01
October 2025	37.73	40.76

Long-Term Trading Plan for XAGUSD

Most likely, the silver price will continue to trade within the uptrend, although there are significant risks of a reversal to the downside. The technical analysis has revealed key support and resistance levels, which can be used in the trading strategy for 2024 and 2025.

Trading plan for 12 months

According to the technical analysis, we can derive the following trading plan:

• On the daily and weekly charts, there are a lot of trend reversal signals: the Bear Flag pattern on the daily chart and the bearish divergence and Evening Star candlestick pattern on the weekly chart. However, the silver price may continue the bullish trend.
• The main scenario suggests opening long positions with targets in the area of $32.91–$38.42 once the price settles above the resistance level of $31.71.
• An alternative scenario assumes opening short positions with targets in the area of $27.68–$21.94 after the price breaches the lower boundary of the trend and consolidates below the key support level of $29.72.
• Key support levels are $29.72, $27.86, $27.68, $26.43, $24.48, $24.35, and $21.94.
• Key resistance levels are $31.71, $32.95, $34.90, $36.61, and $38.42.

Analysts’ Silver Price Projections for 2024–2025 

Most experts are confident that the precious metal will continue to grow in value over the next 12–14 months.

LongForecast

Price range in 2024–2025: $26.70–$44.69 (as of 26.11.2024).

According to LongForecast estimates, the price of XAG may reach $33.60 per troy ounce by the end of 2024. During 2025, experts give a bullish outlook. The silver price will likely soar to $37.86 by June and $40.42 by year-end.

Month	Open, $	Min–Max, $	Close, $
December 2024	32.47	26.70–35.28	33.60
January 2025	33.60	33.33–36.83	35.08
February 2025	35.08	35.08–39.11	37.25
March 2025	37.25	35.48–39.22	37.35
April 2025	37.35	35.16–38.86	37.01
May 2025	37.01	33.87–37.43	35.65
June 2025	35.65	35.65–39.75	37.86
July 2025	37.86	37.86–42.08	40.08
August 2025	40.08	40.08–44.69	42.56
September 2025	42.56	39.72–43.90	41.81
October 2025	41.81	38.12–42.14	40.13
November 2025	40.13	36.16–40.13	38.06
December 2025	38.06	38.06–42.44	40.42

WalletInvestor

Price range in 2024–2025: $31.13–$33.53 (as of 26.11.2024).

WalletInvestor expects the price of silver to increase to $31.29 by the end of 2024. The estimated opening price at the beginning of 2025 is $31.33. If the bullish trend continues, the rate will surge to $32.76 by December. The yearly high is expected in September at $33.53.

Month	Open, $	Close, $	Minimum, $	Maximum, $
December 2024	31.25	31.29	31.13	31.29
January 2025	31.33	31.74	31.32	31.77
February 2025	31.80	32.38	31.80	32.40
March 2025	32.47	32.65	32.46	32.65
April 2025	32.68	32.76	32.68	33.14
May 2025	32.71	32.64	32.34	32.71
June 2025	32.69	32.14	32.11	32.71
July 2025	32.14	32.81	32.14	32.81
August 2025	32.77	33.26	32.75	33.26
September 2025	33.40	32.70	32.70	33.53
October 2025	32.69	33.04	32.61	33.08
November 2025	33.04	32.72	32.72	33.04
December 2025	32.73	32.76	32.59	32.76

GovCapital

Price range in 2024–2025: $28.25–$74.68 (as of 26.11.2024).

According to estimates of the GovCapital portal, the value of the precious metal may surge to $34.36 by the end of 2024. During the first half of 2025, the XAGUSD’s price will vary in a wide range of $28.25–$63.98, with the average price in June at $52.98. In the second half of the year, experts assume that the uptrend will continue, and silver quotes will climb to $65.18 by the end of December.

Date	Least possible price, $	Average price, $	Best possible price, $
31.12.2024	30.92	34.36	37.80
31.01.2025	31.07	34.52	37.97
28.02.2025	28.25	31.39	34.53
31.03.2025	34.86	38.73	42.61
30.04.2025	36.73	40.82	44.90
31.05.2025	52.34	58.16	63.98
30.06.2025	47.68	52.98	58.28
31.07.2025	49.32	54.80	60.28
31.08.2025	56.33	62.59	68.84
30.09.2025	59.41	66.01	72.61
31.10.2025	54.24	60.26	66.29
30.11.2025	61.11	67.89	74.68
31.12.2025	58.66	65.18	71.70

CoinCodex

Price range in 2024–2025: $24.77–$34.93 (as of 26.11.2024).

Analysts of the independent research firm CoinCodex anticipate a downward trajectory for the XAGUSD exchange rate over the next 12 to 14 months. According to industry experts, the asset’s value will decline to $27.17 by the end of 2024. By the end of May 2025, the price may reach $26.50, and by December, it is anticipated to slump to $24.77. Silver will likely hit the yearly high of $34.93 in 2025.

Year	Minimum, $	Maximum, $
2024	28.01	31.74
2025	26.75	34.93

TradersUnion

Price range in 2024–2025: $28.24–$40.29 (as of 26.11.2024).

Analysts at TradersUnion believe that silver’s average price will increase to $31.81 by the end of 2024. The price will reach $36.86 by the end of the first half of 2025. In the second half of the year, the precious metal will continue to grow, reaching $39.12 by the end of December. The price is expected to hit a yearly high of $40.29.

Month	Minimum, $	Average, $	Maximum, $
December 2024	30.86	31.81	32.76
January 2025	29.38	30.29	31.20
February 2025	28.42	29.30	30.18
March 2025	28.24	29.11	29.98
April 2025	30.67	31.62	32.57
May 2025	31.82	32.80	33.78
June 2025	35.75	36.86	37.97
July 2025	34.47	35.54	36.61
August 2025	34.44	35.50	36.56
September 2025	34.25	35.31	36.37
October 2025	36.56	37.69	38.82
November 2025	37.95	39.12	40.29

Most analysts are bullish about the XAGUSD exchange rate for 2024 and 2025. The silver price will likely post gains, driven by rising demand from industry, high inflation expectations, and increased investment demand for commodities.

Analysts’ Silver Price Projections for 2026

For 2026, analysts anticipate a moderate increase in the silver price, with an estimated range of $34.21–$43.04.

LongForecast

Price range in 2026: $35.33–$45.19 (as of 26.11.2024).

LongForecast projects that the price of silver may reach $40.42 per troy ounce at the beginning of 2026. By mid-year, analysts expect a decline in price to $37.19. In the second half of the year, the price will likely fluctuate between $36.94 and $45.19, with a projected closing price of $43.04 by the end of December. The yearly high is forecast at $45.19.

Month	Open, $	Min–Max, $	Close, $
January	40.42	39.38–43.52	41.45
February	41.45	36.94–41.45	38.88
March	38.88	36.82–40.70	38.76
April	38.76	38.76–43.22	41.16
May	41.16	37.67–41.63	39.65
June	39.65	35.33–39.65	37.19
July	37.19	36.94–40.82	38.88
August	38.88	38.88–43.35	41.29
September	41.29	36.79–41.29	38.73
October	38.73	36.25–40.07	38.16
November	38.16	38.16–42.56	40.53
December	40.53	40.53–45.19	43.04

WalletInvestor

Price range in 2026: $32.75–$35.00 (as of 26.11.2024).

According to WalletInvestor experts, the price of silver will reach $32.78 in early 2026. Analysts anticipate a neutral trend throughout the year. In this connection, the price may reach $33.59 by mid-year and $34.21 by year-end. The highest annual price is projected to be in September at $35.00 per ounce.

Month	Open, $	Close, $	Minimum, $	Maximum, $
January	32.78	33.19	32.75	33.22
February	33.25	33.81	33.25	33.82
March	33.91	34.10	33.91	34.10
April	34.15	34.23	34.15	34.59
May	34.14	34.08	33.79	34.14
June	34.15	33.59	33.58	34.17
July	33.62	34.23	33.59	34.27
August	34.26	34.82	34.21	34.82
September	34.85	34.18	34.18	35.00
October	34.15	34.50	34.08	34.54
November	34.52	34.20	34.19	34.52
December	34.18	34.21	34.05	34.21

GovCapital

Price range in 2026: $48.51–$76.52 (as of 26.11.2024).

GovCapital forecasts that the average price of the trading instrument will hit $60.37 in early 2026. In the first half of the year, experts foresee a bullish market with growth in silver quotes reaching $65.83. In the second half of the year, the uptrend will reverse, with prices potentially dropping to $53.90 by October. However, analysts expect the silver price to recover to $69.57, with a yearly high of $76.52 per ounce by the end of the year.

Date	Least possible price, $	Average price, $	Best possible price, $
31.01.2026	54.33	60.37	66.41
28.02.2026	52.97	58.86	64.74
31.03.2026	58.26	64.73	71.20
30.04.2026	55.02	61.13	67.25
31.05.2026	57.73	64.15	70.56
30.06.2026	59.25	65.83	72.42
31.07.2026	55.60	61.78	67.96
31.08.2026	53.61	59.57	65.52
30.09.2026	49.95	55.50	61.05
31.10.2026	48.51	53.90	59.29
30.11.2026	51.19	56.88	62.56
31.12.2026	62.61	69.57	76.52

CoinCodex

Price range in 2026: $26.18–$35.08 (as of 26.11.2024).

CoinCodex estimates that the asset’s value will fluctuate in a wide range between $26.18 and $35.08 in 2026. At the same time, analysts project that bears will put significant pressure on the silver price.

Year	Minimum, $	Maximum, $
2026	26.18	35.08

Opinions differ regarding the silver exchange rate in 2026. Most analytical agencies forecast a moderate rise, highlighting that the current upward trend will unlikely reverse. Nevertheless, several experts give bearish outlooks against escalating geopolitical turmoil and looming recessions in developed countries. Such an outcome could significantly dampen demand for the precious metal, which in turn could erode its value.

Analysts’ Silver Price Projections for 2027

Experts give a moderately positive outlook on the XAGUSD rate in 2027.

LongForecast

Price range in 2027: $34.29–$48.26 (as of 26.11.2024).

According to LongForecast, the precious metal may trade at $43.04 at the beginning of 2027. By the middle of the year, experts predict a significant drop in price to $38.48. In the second half of 2027, silver will likely fluctuate in the range of $34.29–$41.00. The closing price will be $36.60 in December.

Month	Open, $	Min–Max, $	Close, $
January	43.04	41.12–45.44	43.28
February	43.28	43.28–48.26	45.96
March	45.96	40.95–45.96	43.11
April	43.11	41.14–45.47	43.30
May	43.30	38.66–43.30	40.69
June	40.69	36.56–40.69	38.48
July	38.48	34.29–38.48	36.09
August	36.09	34.93–38.61	36.77
September	36.77	36.77–41.00	39.05
October	39.05	35.69–39.45	37.57
November	37.57	36.58–40.43	38.50
December	38.50	34.77–38.50	36.60

WalletInvestor

Price range in 2027: $34.19–$36.46 (as of 26.11.2024).

WalletInvestor projects that silver will show no clear trend in 2027. Therefore, at the beginning of the year, the projected price will be $34.19. By the end of the first half of the year, the anticipated closing price will be $35.07 in June and $35.63 by the end of December. The high is expected at $36.46 in September.

Month	Open, $	Close, $	Minimum, $	Maximum, $
January	34.19	34.63	34.19	34.67
February	34.69	35.24	34.69	35.25
March	35.34	35.57	35.34	35.57
April	35.59	35.66	35.59	36.04
May	35.55	35.60	35.25	35.60
June	35.60	35.07	35.05	35.63
July	35.07	35.69	35.04	35.72
August	35.72	36.26	35.68	36.26
September	36.32	35.65	35.65	36.46
October	35.58	35.96	35.52	36.00
November	35.98	35.65	35.65	35.98
December	35.66	35.63	35.51	35.66

GovCapital

Price range in 2027: $53.92–$76.83 (as of 26.11.2024).

According to the GovCapital portal, silver will demonstrate mixed trading in 2027. Market analysts assume that the average price will trade near $68.51 at the beginning of the year.

In the first half of the year, market analysts foresee heightened volatility, with a decline in price in February to $59.91 and a subsequent increase to $68.54 in March. In April, the quotes are expected to slide to $63.49 before recovering to $68.36 in June. In the second half of the year, XAGUSD quotes are projected to soar, reaching an average price of $69.26 in December. In 2027, the highest price is anticipated in August at the $76.83 mark.

Date	Least possible price, $	Average price, $	Best possible price, $
31.01.2027	61.65	68.51	75.36
28.02.2027	53.92	59.91	65.91
31.03.2027	61.68	68.54	75.39
30.04.2027	57.14	63.49	69.83
31.05.2027	60.86	67.62	74.39
30.06.2027	61.52	68.36	75.19
31.07.2027	59.24	65.82	72.41
31.08.2027	62.86	69.85	76.83
30.09.2027	57.46	63.85	70.23
31.10.2027	58.11	64.57	71.03
30.11.2027	62.33	69.26	76.18
31.12.2027	62.52	69.47	76.42

CoinCodex

Price range in 2027: $26.34–$39.50 (as of 26.11.2024).

In 2027, experts at CoinCodex forecast the minimum price of the asset at $26.34 and the maximum at $39.50. Meanwhile, they anticipate a surge in purchases and an increase in investment demand.

Year	Minimum, $	Maximum, $
2027	26.34	39.50

Analysts anticipate a neutral market outlook for the trading instrument in 2027, with periods of high volatility. Analysts emphasize that there are no fundamental reasons for strong growth and that silver has reached its historical highs driven by market speculation.

Analysts’ Silver Price Projections for 2028

Most analytical agencies give neutral forecasts for silver in 2028.

LongForecast

Price range in 2028: $29.70–$40.81 (as of 26.11.2024).

LongForecast predicts that the price of silver may reach $36.60 in early 2028. By mid-year, the precious metal is expected to decline to the $31.26–$33.20 range. In the second half of the year, price fluctuations are anticipated between $31.00 and $37.12, with a gradual recovery to $33.86 by the end of December.

Month	Open, $	Min–Max, $	Close, $
January	36.60	36.60–40.81	38.87
February	38.87	34.69–38.87	36.52
March	36.52	32.55–36.52	34.26
April	34.26	31.66–35.00	33.33
May	33.33	29.70–33.33	31.26
June	31.26	31.26–34.86	33.20
July	33.20	33.20–37.02	35.26
August	35.26	31.42–35.26	33.07
September	33.07	31.00–34.26	32.63
October	32.63	31.63–34.95	33.29
November	33.29	33.29–37.12	35.35
December	35.35	32.17–35.55	33.86

WalletInvestor

Price range in 2028: $35.72–$37.92 (as of 26.11.2024).

WalletInvestor experts assume that silver will trade at $35.72 per troy ounce at the beginning of 2028. By mid-year, the price is expected to reach $36.49–$37.08. In the second half of the year, analysts predict a neutral market, with prices hovering in the range of $36.55–$37.92. The price will likely reach $37.07 by the end of December 2028.

Month	Open, $	Close, $	Minimum, $	Maximum, $
January	35.72	36.14	35.72	36.14
February	36.15	36.79	36.15	36.79
March	36.83	37.01	36.83	37.02
April	37.14	37.18	37.14	37.51
May	37.07	37.08	36.71	37.08
June	37.08	36.49	36.49	37.08
July	36.55	37.18	36.55	37.18
August	37.18	37.77	37.13	37.77
September	37.76	37.08	37.08	37.92
October	37.03	37.44	36.97	37.45
November	37.46	37.12	37.12	37.46
December	37.07	37.07	36.97	37.09

GovCapital

Price range in 2028: $41.20–$75.24 (as of 26.11.2024).

Analysts from GovCapital project a bearish trend in 2028. At the beginning of the year, they expect an average price of $67.70. By mid-year, the asset value may decline to the $67.61–$45.78 range. In August and September, the price will likely recover to $57.26–$65.72. By year-end, the average price is expected to stabilize at $60.01.

Date	Least possible price, $	Average price, $	Best possible price, $
31.12.2024	60.93	67.70	74.47
31.01.2025	60.39	67.10	73.81
28.02.2025	61.56	68.40	75.24
31.03.2025	58.54	65.05	71.55
30.04.2025	60.96	67.73	74.51
31.05.2025	60.85	67.61	74.37
30.06.2025	41.20	45.78	50.35
31.07.2025	51.53	57.26	62.98
31.08.2025	59.15	65.72	72.30
30.09.2025	57.12	63.46	69.81
31.10.2025	58.32	64.80	71.28
30.11.2025	54.01	60.01	66.01

CoinCodex

Price range in 2028: $29.35–$35.52 (as of 26.11.2024).

Analysts at CoinCodex assume that the XAGUSD will not change considerably in 2028. The forecast shows that the price of the precious metal will remain between 29.35 and 35.52.

Year	Minimum, $	Maximum, $
2028	29.35	35.52

There is a divergence of opinion among experts regarding the future trajectory of the silver price. Half of the analysts project an increase in price due to rising demand from the green energy sector. The other half foresees a neutral or negative price movement, citing uncertainty in the geopolitical and economic landscape.

Analysts’ Silver Price Projections for 2029

In 2029, most experts assume that the XAGUSD will embark on an upward trajectory.

WalletInvestor

Price range in 2029: $37.15–$39.37 (as of 26.11.2024).

WalletInvestor estimates that the price of silver will trade around $37.15 at the beginning of 2029. By mid-year, the asset is projected to reach a value of $38.64. In the second half of 2029, the trading instrument will continue trading within a price range of $37.94–$39.37, with a projected closing price of $38.67 in November. The yearly high is projected in September at $39.37.

Month	Open, $	Close, $	Minimum, $	Maximum, $
January	37.15	37.62	37.15	37.62
February	37.63	38.27	37.60	38.27
March	38.28	38.43	38.26	38.44
April	38.56	38.59	38.56	38.98
May	38.54	38.53	38.18	38.54
June	38.50	37.94	37.94	38.53
July	37.99	38.64	37.99	38.64
August	38.65	39.18	38.59	39.18
September	39.30	38.58	38.58	39.37
October	38.52	38.92	38.43	38.92
November	38.91	38.67	38.67	38.91

GovCapital

Price range in 2029: $54.25–$75.47 (as of 26.11.2024).

GovCapital analysts expect the silver exchange rate to display mixed performance in 2029. According to experts, the average price is expected to trade near $60.28 at the beginning of the year. By mid-year, it will likely climb to $64.39, with a yearly high projected in June at $75.47. By the end of the year, the average price is forecast to trade at $64.64 in November.

Date	Least possible price, $	Average price, $	Best possible price, $
31.01.2029	54.25	60.28	66.30
28.02.2029	58.69	65.21	71.74
31.03.2029	56.32	62.58	68.84
30.04.2029	60.49	67.21	73.93
31.05.2029	61.74	68.60	75.47
30.06.2029	57.95	64.39	70.83
31.07.2029	55.67	61.86	68.04
31.08.2029	55.50	61.67	67.84
30.09.2029	55.86	62.07	68.28
31.10.2029	55.83	62.04	68.24
22.11.2029	58.17	64.64	71.10

CoinCodex

Price range in 2029: $26.69–$33.58 (as of 26.11.2024).

CoinCodex analysts forecast that the silver price will not show significant changes in 2029. The precious metal will hover between $26.69 and $33.58 per ounce.

Year	Minimum, $	Maximum, $
2029	26.69	33.58

Coin Price Forecast

Price range in 2029: $67.00–$69.88 (as of 26.11.2024).

According to Coin Price Forecast, silver quotes will fluctuate around $67.00 per troy ounce at the beginning of 2029. By the middle of the year, the value may increase to $68.70. By the end of the year, it may edge higher to $69.88.

Year	Mid-Year, $	Year-End, $
2029	68.70	69.88

Most commodity market experts project the value of silver to increase in 2029 against the following reasons:

• rising industrial demand;
• accelerating inflation;
• growing demand from green energy and institutional investors.

Analysts’ Silver Price Projections for 2030

In 2030, the XAGUSD’s bullish trend will likely persist. 

CoinCodex

Price range in 2030: $27.39–$37.24 (as of 26.11.2024).

According to CoinCodex, silver will display upward momentum in 2030, with the price maintaining above $30.00 per ounce. Analysts forecast the minimum and maximum prices at $27.39 and $37.24, respectively.

Year	Minimum, $	Maximum, $
2030	27.39	37.24

Coin Price Forecast

Price range in 2030: $69.88–$79.49 (as of 26.11.2024).

According to analysts from Coin Price Forecast, the price of the precious metal will stand near $69.88 per troy ounce at the beginning of 2030. By the middle of the year, experts forecast that silver will increase to $74.34. By the end of the year, the quotes will likely see an uptick to $79.49.

Year	Mid-Year, $	Year-End, $
2030	74.34	79.49

TradersUnion

Price range in 2030: $26.99–$29.68 (as of 26.11.2024).

The investment portal TradersUnion forecasts that by mid-2030, the price of the XAGUSD will decline to $26.99. In the second half of the year, experts anticipate a bullish reversal. The price will recover to $29.68 by the end of December.

Year	Mid-Year, $	Year-End, $
2030	26.99	29.68

BeatMarket

Price range in 2030: $27.00–$80.00 (as of 26.11.2024).

Analysts at BeatMarket estimate that the average price of the asset will reach $55.00–$60.00 by 2030, based on their long-term forecasts. If a bearish scenario is confirmed, the silver price may reach $27.00–$30.00. Conversely, if the price follows a bullish scenario, experts do not exclude growth to the area of $75.00–$85.00.

Year	Minimum, $	Average, $	Maximum, $
2030	27.00	55.00	80.00

In general, experts give optimistic forecasts for silver for 2030 on the back of growing industrial demand, as well as the development of green energy and the expanding electric car market.

However, some analytical agencies offer neutral or even pessimistic forecasts. Experts believe that global reserves of silver will cover industrial demand. In addition, silver is not used by central banks as a store of value, unlike gold. This may negatively affect the value of the asset in the long term.

Analysts’ Silver Price Projections until 2050

Forecasting the XAGUSD rate in the long term is shrouded in uncertainty due to an abundance of fundamental factors that may drive the precious metal’s value. Experts offer mixed expectations. Nevertheless, these forecasts can act as a reference for investors and reflect the general sentiment of market participants.

Coin Price Forecast

According to Coin Price Forecast, silver may reach $89.35 by the end of 2031. Between 2032 and 2035, the precious metal is expected to continue rising to the area of $120.54 per troy ounce. By the end of 2036, experts forecast growth in silver quotes to $129.72.

TradersUnion

TradersUnion projects that the price of silver may reach $38.21 by the end of 2031. In the following years, up to 2040, the average price will show mixed trading. The quotes of the trading instrument are expected to decline to $31.94 by 2035 and recover to $34.06 by 2040.

BeatMarket

According to the BeatMarket forecasts, the silver price may increase to $78.00 per ounce by 2040. By 2050, the price of silver may rise to $100.00 and higher, according to experts.

Year	Coin Price Forecast, $	TradersUnion, $	BeatMarket, $
2031	89.35	38.21	–
2035	120.54	31.94	–
2040	–	34.06	78.00
2050	–	–	100.00

Long-term forecasts indicate a promising outlook for silver, with many experts anticipating an upward trend to persist due to the fact that the solar energy industry will generate a yearly demand of 500 million ounces of silver by 2050.

However, there is another standpoint. A number of analytical agencies believe that the green energy industry may find an alternative to silver, which could limit the asset’s appreciation to $50.00 per ounce.

Market Sentiment for Silver (XAGUSD) on Social Media

Media sentiment analysis has become an invaluable tool for traders and analysts alike, as it provides insight into the market’s reaction to news and events related to a specific asset. For instance, a notable surge in searches of Silver or XAGUSD on social media platforms could indicate forthcoming shifts in market trends. A positive sentiment can push the quotes higher, while a negative perception can drag the silver price down.

Furthermore, monitoring changes in Social Volume and Social Engagement metrics allows analysts to predict short-term market shifts. A high level of discussion activity or a significant number of unique mentions can signal investor interest and potentially lead to an increase in trading volume. Traders and investors should pay close attention to these metrics as they can help build more informed strategies and react to market changes in a timely manner.

These metrics are invaluable for analyzing market behavior and predicting trends in the market, enabling traders to enhance their trading decisions and mitigate risk in a volatile market.

According to GoogleTrends, user interest in silver in the web search and YouTube search categories is at a high level throughout the year. In particular, a significant increase in interest was recorded from mid to late October. Notably, silver surged from $30.28 to $34.86 per troy ounce during this period.

On the X platform (former Twitter), popular analysts project a sharp increase in silver prices.

@UremO_24 believes that silver may start a rally soon. After a 10% decline in value in recent weeks, silver has set the stage for another upward spurt.

The user under the nickname @Digger_Vern has projected the potential movement of the silver price for several months based on statistical data. In both projections, the independent expert predicts an upward movement to develop until the end of 2024.

According to @graddhybpc, silver is poised to exhibit a significant historical rally.

The analysis of posts on social network X has revealed that analysts and investors are optimistic about future changes in silver prices.

Silver Price History (XAGUSD)

Silver reached its all-time high of $49.55 on 2011-04-28. The lowest price of silver was recorded on 1991-02-22 and reached $3.53.

Below is a chart showing the performance of XAGUSD quotes over the last ten years. In this connection, it is important to evaluate historical data to make predictions as accurate as possible.

Silver declined significantly in the second half of 2014, reaching a four-year low of $14.39 per troy ounce.

There were several reasons for such a significant drop:

• elevated volatility in the global markets;
• stronger US dollar;
• actions of the US Fed and the ECB to stimulate their economies;
• decline in investment demand and falling demand for physical commodities.

At the beginning of 2015, silver saw a brief recovery, reaching $18.45. However, it then proceeded to decline at an accelerated rate. In early 2016, its price tumbled to a new low of $13.63 per ounce.

Between mid-2014 and mid-2020, the precious metal traded in a wide accumulation channel of $11.61–$21.11. A stronger US dollar amid an increase in the interest rate to 0.50% at the end of 2015 had a significant impact on the silver exchange rate during this period. From 2016 to mid-2019, the US Federal Reserve made several rate hikes, bringing the interest rate to 2.50%.

In March 2020, the silver price entered a new bullish cycle. In mid-July, the price pierced the upper boundary of the multi-year accumulation channel, driven by increased trading volumes, reaching a new swing high of $29.83 by early August. The key influencing factors were the US Federal Reserve’s monetary policy easing, the government’s active printing of fiat money, inflation expectations, and fiscal stimulus measures.

Between mid-August 2020 and May 2022, the precious metal fluctuated in a wide range of $21.39–$30.07. From May to November 2022, quotes fell to $17.55 amid the US Federal Reserve’s monetary policy tightening. During that period, the United States, like other countries, suffered from peaking inflation, which was tackled by raising interest rates.

From November 2022 to February 2024, the value of the precious metal surged, with the price lows gradually increasing. Thus, silver quotes reached $24.16 by the end of February 2024.

From March to December 2024, the price of silver has added more than 37% in value, trading at around $30.05. The swing high was reached in mid-October 2024 at $34.86 per ounce.

Despite its significant deposits and wider use in various industries, silver is the second most important metal in the world, following gold. Nevertheless, the significant increase in the asset’s value this year was driven by a near-record cumulative demand of 1.2 billion ounces from industry, green energy, and investors. In addition, the depreciation of the US currency due to high inflation has also contributed to the rise in silver’s value.

Silver Price Fundamental Analysis (XAGUSD)

It is of the utmost importance for traders and investors to analyze fundamental factors affecting the value of silver (XAG/USD). The following are some of the most important fundamentals to consider when making trading decisions.

What Factors Affect the Silver (XAGUSD) Rate?

• Industrial demand. Silver is actively applied in various industries, including semiconductor production for electric cars, solar energy, medicine, food industry, jewelry production and many other industries. A change in this indicator could have a significant impact on the value of XAG.
• Investment demand. The precious metal is regarded as an investment vehicle. Therefore, it is essential to monitor the level of investment demand. As a rule, it can be done by gaining insight into how many investors are exposed to silver ETFs or physical bullion.
• Macroeconomic indicators. The state of major economies such as China and the US affects the demand for silver. Indicators such as unemployment rates, GDP, manufacturing data, and inflation can exert considerable pressure on the price.
• Geopolitical factors. Global conflicts, economic unrest, and crises can boost or dampen demand for silver. Against global uncertainty, silver prices can experience significant volatility.
• Gold price. There is usually a correlation between the two metals. Since silver is the second most popular metal after gold, changes in the latter’s price can also affect the value of XAG.
• US dollar’s exchange rate. Like many other commodities, silver is quoted in US dollars. A devaluation of the US currency may buoy the value of silver. Conversely, if the USD strengthens, silver may become more expensive for foreign investors. However, this may have a negative impact on demand and the asset’s price.
• Monetary policy. Quantitative easing or tightening by central banks and changes in interest rates can significantly affect the value of the precious metal. Generally, low interest rates contribute to higher silver prices.
• Environmental and social factors. Sustainable production and regulatory changes that relate to environmental and mining issues can affect the supply of the metal in the market. Eventually, this can affect the price of silver.

When analyzing and forecasting the XAGUSD rate, it is important to consider all the abovementioned factors in conjunction with technical analysis. This will allow you to comprehensively assess the silver market and make more informed trading decisions.

More Facts About Silver

Silver and gold are historically regarded as a reliable store of value during periods of economic instability. In periods of economic turbulence, investors frequently turn to gold as a safer asset than silver. This is the reason behind the increase in the gold/silver ratio during such periods. In addition, the price of silver tends to decline due to reduced production and demand for the metal during economic turmoils.

However, silver offers distinctive benefits, particularly in the context of investment portfolio diversification. Its high volatility can be advantageous for short-term investors willing to assume risk for the potential for profits when manufacturing sectors that use silver, such as solar energy, electric vehicles, and others, begin to recover.

For those seeking to diversify their investment portfolio, silver represents a promising option. Its low correlation with the stock and debt markets makes it an attractive asset when growth expectations in the financial markets are low.

Investing in shares of mining companies can be an effective alternative to investing in physical silver. Mining companies can generate dividends and have the potential for growth associated with higher silver prices. Furthermore, these companies may be less susceptible to economic fluctuations than other sectors.

While investments in silver offer certain advantages, they also entail certain risks. It is essential for investors to conduct a thorough assessment of their financial objectives before making any decisions.

Advantages and Disadvantages of Investing in XAGUSD

In this section, we will examine the advantages and disadvantages of investing in silver.

Advantages

• Silver is considered a safe asset, especially in times of economic turbulence. Unlike fiat currencies, silver’s value is more resistant to inflation.
• Persistent demand for silver. The continued demand for the precious metal from the industrial, jewelry, and green energy sectors reflects the continued appetite for silver. As a rule, high demand boosts the metal’s value.
• Portfolio diversification. Silver is an excellent option for diversifying an investment portfolio and hedging risks. Due to its inherent physical state as a commodity, silver is not susceptible to a zero value, maintaining a consistent and reliable market value.
• Affordability. Unlike gold, silver trades at lower prices, making it more accessible to various financial market participants.
• During uptrends, silver usually outperforms gold in terms of returns.
• Variety of investment methods. One can invest in silver in a variety of ways. Among them are physical bullions and coins, investments in shares of mining companies, exchange-traded funds (ETFs), CFDs on silver, futures, and unallocated metal accounts.

Disadvantages

• Silver prices can be subject to significant fluctuations due to changes in global market supply and demand.
• Physical silver does not generate passive income like dividend stocks, deposit interest, or bond coupons. An investor who bets on this asset should have a long-term strategy and be prepared for changes in the market.
• Excessive fear or optimism in the market can trigger significant fluctuations in the price of silver. Irrational price behavior is often observed due to overreaction to news or events. This can result in misguided trading decisions and inaccurate estimation of spot prices.

How We Make Forecasts

To predict the future value of silver, we employ a combined analytical approach. By integrating fundamental and technical analysis, we can gain a more comprehensive understanding of the silver market. Fundamental analysis offers insights into long-term trends, such as:

• changes in silver demand due to increased interest in green energy;
• the impact of geopolitical factors on supply;
• US dollar’s exchange rate.

These factors play a pivotal role in shaping the value of silver and can assist in making more informed investment decisions.

Technical analysis and social media sentiment evaluation facilitate rapid response to market sentiment shifts. By utilizing charts and candlestick patterns, it is possible to identify short-term price trends and potential entry and exit points. This is particularly crucial in volatile markets, where price swings can present opportunities for swift gains.

When these approaches are used in conjunction, they provide a comprehensive view of the market, increasing the likelihood of successful trading. By integrating fundamental data and technical signals, it is possible to gain deeper insights into short-term corrections and long-term trends, which are essential for developing a robust trading strategy.

Conclusion: Is Silver a Good Investment?

The consensus among experts and analysts is that silver is a sound investment with significant long-term growth potential. Over the next 12 to 14 months, most experts anticipate that the price of silver will reach $32.76–$40.42 per troy ounce. More optimistic forecasts indicate that the price may soar to $65.18. The growing demand for silver is driven by a number of factors, including its extensive use in a diverse range of industries, from electronics to solar panels.

The growth in solar panel production has also contributed to rising silver demand in recent years. As the transition to renewable energy continues, experts anticipate further increases in the precious metal’s price.

Those who monitor trends in the energy sector may find an investment in silver to be a profitable long-term strategy. Furthermore, silver continues to serve as a valuable hedging instrument. In light of the current economic climate and geopolitical uncertainties, silver may offer a reliable option for investors seeking to safeguard their capital.

A comparison of the price of silver with that of gold demonstrates that, despite certain fluctuations, the price of silver can remain stable as investors increasingly view it as an alternative safe-haven asset. Notably, silver’s price fluctuations make it suitable for both long-term investments and short-term speculation. Many traders regard silver as a profitable opportunity due to its liquidity and attractive spread.

Price chart of XAGUSD in real time mode