Kitco Silver Charts (2024)

FAQs

Is silver about to skyrocket? ›

According to Trading Economics global macro models and analysts' expectations, “silver is forecasted to trade at $29.88 per troy ounce by the end of this quarter”. The website forecasted silver to trade at $32.05 in 12 months' time, or by August 2024.

Silver charts suggest that silver will move to $34.70 late 2024. Once successful, next silver price targets are $48-50. Silver continues its move higher, in line with our silver price forecast.

Silver can rise to $100 /oz, this decade, under exceptional market conditions. The silver price will eventually rise to $100 /oz, but not in 2024 nor 2025. Silver will likely rise to $100 /oz where it will set a major top.

We can rely on these data to suggest that in ten years, Silver can grow to a minimum of $150 an ounce from the current price of $20.75 an ounce. On the upside, it could reach up to $750 an ounce if the conditions are right. These are all highly realistic in the long term.

You can expect them to have substantial exposure to depreciation because of practices such as printing money. Having silver bullion guarantees a finite and tangible asset. Even in turbulent market conditions, physical silver will never become worthless. Silver will keep its intrinsic and real value.

The platform sees silver rising to $40 by the end of December 2025, $58 by the end of 2026, and $122 during 2029. This is one of the most bullish Silver price prediction for the next 5 years.

All signs point to silver remaining a good investment in 2024. This means it's a good time to both buy and sell silver. But as to what this means to you individually, it's always best to seek professional financial advice before taking action.

Some analysts recommend allocating 5–10% of your portfolio toward gold and silver. Others suggest allocating up to 25%.

In the event of a dollar collapse, silver, being a precious metal with intrinsic value, may see a rise in price due to increased demand as investors seek a hedge against inflation and financial instability. Silver's value as an investment could serve as a store of wealth in uncertain economic times.

How much can I sell 100 oz of silver? ›

Silver's long-term outlook through 2050 is moderately optimistic, with prices expected not to fall below $50, potentially reaching up to $100. The near-term forecast for 2024 is bullish, with significant variation among experts. While JPMorgan predicts a rise to $30, other analyses suggest lower peaks or declines.

Silver has a strong potential to reach $40 per ounce due to rising industrial demand and a supply deficit. Experts like First Majestic Silver CEO Keith Neumeyer are optimistic, but precise predictions are uncertain due to volatile market conditions.

A recent research report on the physical silver market revealed a growing supply deficit, suggesting a silver price of $30 an Ounce in 2024.

This article provides insights into the conditions for silver to hit $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.

Bank of America remains bullish on silver prices, predicting an increase throughout the latter half of 2024 and into 2025. BofA Metal Strategist Michael Widmer sees the silver price rising to a 2026E average of $35/oz (vs. $29.28/oz spot).