Silver Price under the Microscope
The silver price could be influenced by various factors in the future, which could have both positive and negative effects. Here are some key indicators and developments that private investors should pay attention to:
Current Market Situation and Forecasts
- Short-term Forecasts: The silver price has fluctuated significantly in recent months. In April 2025, the price fell by about 9.69% to $28.42 per ounce due to economic uncertainties and trade conflicts. Short-term forecasts suggest possible target prices of $26.50 to $29.50.
- Medium-term Perspectives: In the medium term, the silver price could be characterized by sideways phases, meaning the price fluctuates within a certain range for an extended period. However, some experts see potential for a rally, especially if demand exceeds supply.
- Long-term Outlook: Long-term, silver could benefit from rising quotes, attributed to a combination of industrial demand and potential supply shortages. Some forecasts consider prices of $35 to $40 per ounce to be realistic.
Important Indicators
- Gold-Silver Ratio: This ratio indicates how many ounces of silver are needed for the price of one ounce of gold. Currently, the ratio is about 80:1, suggesting an undervaluation of silver. A high ratio can be a buy signal for silver.
- Industrial Demand: Silver is heavily used in electronics and the solar industry. The increasing demand for renewable energy could positively influence the silver price.
- Economic Uncertainties: During times of economic turbulence, investors often seek refuge in safe havens like gold, which can put pressure on the silver price.
- Trade Conflicts: Global trade barriers can disrupt supply chains and affect industrial demand for silver.
Conclusion
The silver price could be positively influenced by a combination of industrial demand, potential supply shortages, and a correction of the gold-silver ratio. However, private investors should also consider the risks arising from economic uncertainties and trade conflicts. In the long run, silver could be an attractive investment, particularly if it proves to be a more lucrative alternative to gold.