Current Situation and Predictions
The silver price could continue to rise in the coming years due to various factors such as geopolitical tensions and rising oil prices. Here are some predictions and analyses that may be of interest to private investors and savers:
- Current Price: The silver price is currently around $32.37 per ounce.
- Forecast for 2025: A phase of consolidation is expected, with price fluctuations between $29.80 and $36.91 throughout the year. A peak of $35.15 is predicted for October, followed by a moderate decline to $31.37 by December.
- Forecast for 2026: A continued upward trend is expected, with a possible peak of $39.74 in August and a year-end price of about $37.74, reflecting an increase of around 15%. Other sources foresee more moderate growth between $33.85 and $36.04, with a closing price of $35.82.
Long-term Forecasts
- Forecast until 2030-2035: A gradual and sustainable recovery is anticipated. The silver price could reach $73.33 by the end of 2030 and $106.60 by 2035, representing an increase of +228% compared to current levels.
- Alternative Forecasts: Some models see the silver price at $40 by the end of 2025 and $50 by mid-2027. By 2031, the price could rise to $95.77 and $144.13 by 2035.
Factors Influencing the Silver Price
- Geopolitical Tensions: These can lead to increased demand for safe investment forms such as precious metals.
- Oil Prices: Rising oil prices can fuel inflation, which in turn might increase the value of precious metals like silver.
- Economic Uncertainty: During times of economic uncertainty, investors often seek stable forms of investment, which could drive the price of silver higher.
For private investors and savers, it is important to consider these factors and regularly monitor market developments to make informed decisions.