Current Situation of the Silver Market
The silver price is currently showing a dynamic development, which is of great importance for investors. The current price is about 32.37 USD per ounce. In the short-term development, the silver price recently broke through the mark of 34 to 35 USD, indicating a theoretical potential up to 43 USD and possibly even 50 USD. However, bond yields and the dollar could dampen this rally.
Daily and Four-Hour Chart
For investors, the daily and four-hour charts are crucial for analyzing short-term trends and breakout scenarios. These charts help to identify support and resistance levels that are central to buying or selling decisions.
Forecasts for 2025 and 2026
For the year 2025, a phase of consolidation is expected, with fluctuations between 29.80 USD and 36.91 USD. After a peak in October, a moderate decline is anticipated until December. For 2026, a continued upward trend is predicted, with potential peaks around 39.74 USD in August and an end-of-year price of about 37.74 USD. Other sources foresee a more moderate growth with a closing price of around 35.82 USD.
Long-Term Forecasts
Long-term, a sustainable recovery is expected, with possible prices over 50 USD, depending on the market dynamics. Some forecasts see the silver price at about 73.33 USD by the end of 2030.
Factors Influencing the Silver Price
The silver price is influenced by various factors, including industrial demand, market speculation, as well as currency developments and changes in interest rates and bond yields. These factors can affect the attractiveness of precious metals like silver.
In summary, the silver price is currently showing a dynamic development with potential for further breakouts but also with uncertainties due to external factors. Investors should carefully analyze short-term charts and long-term trends to make informed decisions.