Silver prices to fall by $4/toz by 2030, World Bank says (2024)

FAQs

What is the silver price forecast for 2030? ›

According to the latest long-term forecast, Silver price will hit $30 by the middle of 2024 and then $40 by the middle of 2026. Silver will rise to $50 within the year of 2027, $60 in 2029, $75 in 2030, $80 in 2031 and $90 in 2033.

The World Bank's silver price forecast for 2023 saw the precious metal averaging $21 throughout the year, and staying constant at the same level throughout in 2024.

Historically, if the dollar falls in value, silver will rise in the marketplace. However, if the dollar completely collapses, the American currency will be worthless. This outcome will leave silver null and void. If no person or company buys silver, then the value of the metal will decrease as well.

The price could grow within the range of 500%-2500% in ten years. We have a track record supporting this prediction; between 1970-1979, the price grew from $1.70 an ounce to about $50, a 3000% growth in 10 years. Another instance is the surprising move of the price of Silver from $5 to $30 an ounce (600%+).

The fastest way that silver can get to $100 an ounce is if inflation hits double-digit levels in 2022 and 2023. In 2021, the year-over-year inflation rate is about 9.75%. This is the highest rate of inflation in 40 years.

Over very long periods of time, silver has historically served as an effective hedge against inflation. However, in any given year or decade, silver may not be the best way to protect your portfolio.

The year-to-date silver price average for 2023 (through to February 7) is more than 8 percent higher than the full year price average for 2022. Silver is also expected to achieve a new high in industrial applications, the most important category in the demand complex.

Silver prices could touch a 9-year high in 2023 — with a bigger upside than gold. Silver could hit a nine-year high of $30 per ounce this year and become a better performer than gold.

A 9:1 ratio has never been the standard for the gold to silver ratio and we don't expect that to change. In short, it is highly unlikely that the price of Silver will reach $1,000 per ounce. Silver is used more industrially than Gold and its price does not react the same way to economic events.

Will silver go down if stock market crashes? ›

In other words, we have historical precedence that silver could do well in a stock market crash if it is already in a bull market. Otherwise, it could struggle. The overall message from history is this: Odds are high that gold won't fall during a stock market crash, and in fact, it will likely rise instead.

Investopedia contributors come from a range of backgrounds, and over 24 years there have been thousands of expert writers and editors who have contributed. Warren Buffett does not invest in gold. He has invested almost $1 billion in silver, so the reason for his aversion is not simply a dislike for precious metals.

GuruFocus.com suggests an overall 10–20% allocation of precious metals, with silver making up a 30% share of that allocation if you're aiming to preserve wealth. “Silver and gold belong in every balanced portfolio. There's no magic percentage of silver and gold you should include,” GuruFocus.com advises.

Highest Ever Silver Prices in US Dollars, Sterling and Euros

The silver price record high was set on 18th January 1980 at $49.45 (£21.65) per troy ounce fuelled by Nelson Bunker Hunt's cornering of the market.

The United States Geological Survey estimates there is still a total of 530,000 metric tonnes of silver below ground ready to be mined.

So, if the silver price does rise, how high will it go? Let's look at silver's recent history. The highest price for silver was just under US$50 in the 1970s, and it came close to that level again in 2011. The commodity's price uptick came on the back of very strong silver investment demand.

According to Nicky Shiels' bullish case, one ounce of silver should reach the price of $30 or more. Randy Smallwood, president of Wheaton Precious Metals, said that industrial demand will grow by more than 15% over the next five years. Particularly high will be demand from the automotive and electronics sectors.

A store of value: Silver can hold its value and even gain over time, providing a way for investors to generate profits. Liquidity: Silver is generally a liquid market, and if you're buying certain kinds of silver assets, they're highly liquid.

Silver Price Prediction 2028

As per our silver (XAG) price prediction and forecast for 2028, the precious metal is projected to reach an average price of $64.89 by mid-2028. During the last six months of the year, its average price is projected to rise steadily to $69.02.

Silver can be considered a good portfolio diversifier with moderately weak positive correlation to stocks, bonds and commodities. However, gold is considered a more powerful diversifier.

What is the best metal to invest in inflation? ›

Many investors consider gold to be the ultimate safe-haven hedge against inflation. It's been a store of value for thousands of years, and it has real-world uses in jewelry and electronics, which provides tangible value. And unlike fiat currencies, there is a relatively limited supply of gold.

Silver could be a good option if you're considering investing a small amount of money, as it has more upside potential due to its industrial uses. On the other hand, if you plan to invest a larger sum, gold might be a better choice due to its scarcity and potential for higher gains.

Gold, Silver and other Precious Metals are not affected by inflation in the same way as food or personal services.

The silver spot price fell from $24 to $23 per ounce at the start of the 2022, as central banks combatted inflation by rapidly raising interest rates. Higher interest rates tend to be bearish for precious metals, as investors opt for interest-bearing savings accounts and other assets that generate guaranteed returns.

For investment purposes, you should buy fine silver which has a purity standard of 99.9%, as the price of silver bullion is based on the precious metal content rather than a fluctuating spot price, or current market price, determined by a third party.

Silver Supply Can't Be Predicted with Certainty

The world may eventually run out of silver at some point, but this is also true of other precious metals like gold and platinum. However, it's not possible to accurately predict when this could happen with any degree of certainty.

That's why we see silver easily moving to 28 USD in 2023 and moving to our first and longstanding bullish target of 34.70 USD. Our silver price forecast 2023 is 34.70 USD.

1803 Draped Bust Silver Dollar - This is one of the rarest and most valuable coins, and only four of them are known to exist. Each of these coins are worth around $1 million if they are in good condition.

Silver prices plummeted again during the 1990s recession before a steady recovery that culminated in an all-time high reached in 2011, three years after the 2007-2008 Financial Crisis. Over the last five decades, silver has only outperformed the S&P 500 in three of eight recessions: 1973, 1981 and 2007.

Will silver go up in a depression? ›

Siver's ability to withstand inflation and periods of economic instability has rendered it a valuable commodity during periods of recession and depression. In other words, when paper money loses its value due to economic decline, silver's value will not only remain steady, but may actually increase.

The problem is, during a stock market crash, practically all assets fall in value. However, gold and other precious metals nearly always rise, making them a better option than many other investments.

More top silver countries by reserves

Russia — 45,000 MT. Mexico — 37,000 MT. Australia — 27,000 MT. Chile — 26,000 MT.

JP Morgan now holds 133.1 million ounces of physical silver and the world record for most silver held under one name. Today, it also owns 50% of the world's COMEX silver bullion.

Among countries around the world, the United States is the top consumer of silver.

Similarly, for sales of silver bars and rounds to warrant reporting, each silver piece needs to possess a fineness of at least . 999 with a total purchase quantity of 1,000 troy ounces or more.

While silver can be volatile, the precious metal is also seen as a safe-haven asset, similar to its sister metal gold. Safe-haven investments can offer protection in times of uncertainty, and with tensions running high, they could be a good choice for those looking to preserve their wealth in difficult times.

Older 90 Percent Silver Coins Are Worth at Least Their Face Value. All silver half-dollars, quarters, and dimes made between the 1830s and just prior to 1965 are, at a minimum, 90 percent silver. These coins are often referred to as “junk silver,” but they're hardly junk when it comes to their value.

Silver was used to fashion beads as early as the Predynastic Period (ca. 4400–3100 B.C.) and remained important for personal ornaments and cult objects in Egypt through Roman times. Temple inscriptions suggest that for much of Egypt's history, silver was valued more highly than gold.

According to the latest long-term forecast, Silver price will hit $30 by the end of 2024 and then $40 by the middle of 2026. Silver will rise to $50 within the year of 2028, $60 in 2029, $70 in 2030, $75 in 2031, $80 in 2032 and $90 in 2034.

What was the last year of 90% silver dollars? ›

Silver coins issued until 1964 were made with 90% silver content. These coins were Half Dollars, Quarters and Dimes as well as Silver Dollars until 1935. A Silver Dollar issued from 1935 or before contains . 7735 troy oz.

Analysts predict that at current rates, the earth could run out of economically mineable silver reserves by 2028, which could have significant implications for the market and economy.

"12% of all Americans own gold, 14.7% own silver"

There are only 3 billion ounces of silver in the world. That means there is less than half an ounce available for every human being on the planet. That would make the asset extremely rare and valuable. During these conditions, you would have to value silver in terms of what it could buy.

A 9:1 ratio has never been the standard for the gold to silver ratio and we don't expect that to change. In short, it is highly unlikely that the price of Silver will reach $1,000 per ounce. Silver is used more industrially than Gold and its price does not react the same way to economic events.

Silver prices could touch a 9-year high in 2023 — with a bigger upside than gold. Silver could hit a nine-year high of $30 per ounce this year and become a better performer than gold.

Gov Capital, another algorithm-based forecasting service, issued a silver price prediction stating that the metal would close out 2023 at a potential average of $27.895. The platform sees silver rising to an average of $57.534 by the end of December 2025, $80.471 by the end of 2026, and $97.648 by December 2027.

Silver supply is expected to rise by 4 percent in 2023 to a new high of 1.055 billion ounces, which will be a new high, fueled by higher mine output. Silver mine production is expected to rise by 5 percent in 2023 to 873 Moz, the highest level since 2016.

Over very long periods of time, silver has historically served as an effective hedge against inflation. However, in any given year or decade, silver may not be the best way to protect your portfolio.

One reason is because there's a limited supply of silver, meaning as demand increases if the dollar collapses, the value of silver will actually go up, since there's not an indefinite amount of silver left.

Is it smarter to buy gold or silver? ›

Silver is more volatile, cheaper and more tightly linked with the industrial economy. Gold is more expensive and better for diversifying your portfolio overall. Either or both may have a place in your portfolio. Arguably the best use for gold as an investment is to mitigate portfolio risk.

Silver has, without a doubt, tended to appreciate in price over time and thereby preserve its value against inflation. Many in the financial industry refer to it as an “inflation hedge” for this reason.

During a recession, industrial production slows down. As a result, the demand for silver decreases. While silver does have a low correlation to stocks, it is thinly traded and volatile. It's certainly not a bad investment, but in the context of precious metals to invest in during a recession, silver loses out to gold.

Historically, Silver reached an all time high of 49.51 in April of 2011. Silver - data, forecasts, historical chart - was last updated on May of 2023.

The highest price for silver was just under US$50 in the 1970s, and it came close to that level again in 2011.

To date, some 1.4 billion kg of silver has been mined throughout human history. However, silver corrodes, and just under half of that silver no longer exists as a metal. Of what has been mined, only 777 million kg still exists.

The price of silver will move to our first bullish target of 34.70 USD in 2023. We expect 48 USD soon after, not later than in 2024. Silver will move higher in 2023 because we expect the top in the US Dollar to be confirmed.