The Silver Price and Its Significance for Investors
The silver price recently triggered a technical buy signal by surpassing the mark of around $37 per ounce, indicating a possible upward movement in the silver market. This development is particularly relevant for private investors and savers, as it suggests a potential trend reversal and rising prices.
Current Forecasts and Market Development
- Most analysts expect a silver price between $31.50 and nearly $40 per ounce by 2025. According to LongForecast, the price could rise to around $37.40 by the end of 2025.
- The Swiss bank UBS has raised its forecast and sees the silver price this year at up to $40, driven by strong ETF inflows, ongoing demand as an alternative to the US dollar, and a structural supply deficit in the market.
- The supply of silver currently falls short of demand: a deficit of about 149 million ounces is expected, which would mark the fifth consecutive year of supply shortages.
Potential for Further Price Increases?
A price target of $50 per ounce is currently not confirmed by common analyst forecasts. Most experts see the price rather in the range of around $35 to a maximum of $40 this year. However, the small market size of silver can lead to significant price fluctuations even with moderate reallocations by investors.
Macroeconomic factors such as potential interest rate cuts in the USA or a weaker dollar could also provide further momentum. The gold-silver ratio could also shift in favor of silver, additionally increasing its attractiveness.
Conclusion
Surpassing the mark of $37 indeed represents an important buy signal and indicates a positive development in the silver market with opportunities for further price increases in the range of about $40 per ounce this year. However, a jump to around $50 is currently speculative and not regarded as likely in the short term by current analyses, even though fundamental bottlenecks could offer additional long-term potential.
Private investors should closely monitor these signals, as they can present interesting investment opportunities – but caution is advised given the potential volatility due to geopolitical uncertainties or trade conflicts.