Kitco Silver Charts (2024)

FAQs

How high is silver expected to rise? ›

The World Bank estimated silver to rise to $26/oz in 2025 from $25 in 2024.

The global demand for silver is expected to reach 1.2 billion ounces in 2024, potentially marking the second-highest level ever recorded," said Vandana Bharti, the head of commodity research at SMC Global Securities.

Silver will likely rise to $100 /oz where it will set a major top. This might happen in 2026-2027, certainly not 2024-2025. Silver requires exceptional conditions like rising inflation or an extreme shortage in order to rise to $100 /oz which might not be its endpoint once it clears ATH.

Why $1000 per Ounce Silver is Unlikely to Occur. The price of silver is currently just over $30 per ounce. At its peak, silver was trading around $50 per ounce, so it would have to rise by 2/3 to reach the $50 mark. It would need to increase about 32x to reach $1,000 an ounce from today's numbers.

The price of silver will move to our first bullish target in 2024 which is $34.70. We predict $48 to be hit by mid-2024 or mid-2025. Silver continues its move higher, in line with our silver price forecast.

The price of silver isn't directly linked to the dollar, which means that its value can rise or fall independently. As such, it can potentially maintain its overall value, even if the dollar itself experiences a crash.

The Average Silver Allocation in a Portfolio

Many analysts recommend holding an average allocation of 5-10% in gold and silver. It's important to note that this is just a general guideline. Each investor has their own risk appetite and long-term goals so your ideal allocation may be different.

Why invest in a $500 face value junk silver bag from GoldSilver? Because each bag contains approximately 357.3 oz of pure silver.

How much should I be paying for an ounce of silver? ›

10-Year Prediction

According to many long-term forecasts, the value of silver is expected to go above $70 per ounce in 10 years, and some even predict it will get close to $80 per ounce. However, this amount could increase. Most value increases are due to supply and demand based on past market prices and predictions.

What's the highest price silver has ever been? Silver's highest historical price was $49.45 per ounce on Jan. 18, 1980.

In certain historical periods, silver indeed commanded a higher value than gold. This was largely due to cultural values, scarcity, and industrial demand. Today, the gold-silver ratio fluctuates, influenced by various market factors.

Silver can and will hit $50 an Ounce even though reaching this target is likely postponed. This article provides insights into the conditions for silver's path to $50. In sum, we do expect the big silver run to start in 2024 and move to $50 in two phases which will be reached either late 2024 or mid-2025.

Analysts and industry experts predict an upward trend in silver prices due to factors like industrial demand, investment demand, and economic conditions, with predictions for 2024 ranging from $22 to $30 per ounce.