Silver Spot Kitko (2024)

FAQs

How high will silver go in 2024? ›

The silver price forecast is revised upward, anticipating silver to average $30/oz in 2024. A higher price of silver could drive investment in silver-backed ETFs. Supply deficit due to continued decline in silver mine production could support silver price.

Why $1000 per Ounce Silver is Unlikely to Occur. The price of silver is currently just over $30 per ounce. At its peak, silver was trading around $50 per ounce, so it would have to rise by 2/3 to reach the $50 mark. It would need to increase about 32x to reach $1,000 an ounce from today's numbers.

Silver price forecasts 2025

Investing Cube sees silver trading between $34 and $50 in 2025.

We can rely on these data to suggest that in ten years, Silver can grow to a minimum of $150 an ounce from the current price of $20.75 an ounce. On the upside, it could reach up to $750 an ounce if the conditions are right. These are all highly realistic in the long term.

The platform sees silver rising to $40 by the end of December 2025, $58 by the end of 2026, and $122 during 2029. This is one of the most bullish Silver price prediction for the next 5 years.

As a safe haven asset, silver's price during a recession can move significantly and quickly. It is fair to say that generally the silver price goes up during a recession, but past trends also don't necessarily mean this will be repeated in the future.

You can expect them to have substantial exposure to depreciation because of practices such as printing money. Having silver bullion guarantees a finite and tangible asset. Even in turbulent market conditions, physical silver will never become worthless. Silver will keep its intrinsic and real value.

All data points suggest that silver will not consolidate for a long time around $30 an Ounce. Silver is set to exceed $30 not later than early 2025. The silver price exceeded $30 an Ounce between May 17th, 2024, and May 31st, 2024, for the first time in 11 years.

Impact of a Weakening Dollar on Silver Prices

When the dollar weakens, silver prices generally rise.

How many ounces of silver can I get for $500? ›

Why invest in a $500 face value junk silver bag from GoldSilver? Because each bag contains approximately 357.3 oz of pure silver.

In general, silver bars tend to offer the most cost-effective pricing with the lowest premiums over spot compared to silver coins of the same weight. Storage logistics and costs are also lower for smaller amounts of silver, but become more of a consideration as the total dollar value of holdings grows larger over time.

Silver's highest historical price was $49.45 per ounce on Jan. 18, 1980. Can I use silver as a hedge against inflation? Silver's effectiveness as a hedge against inflation is mixed and varies by time and location.

All signs point to silver remaining a good investment in 2024. This means it's a good time to both buy and sell silver. But as to what this means to you individually, it's always best to seek professional financial advice before taking action.

A recent research report on the physical silver market revealed a growing supply deficit, suggesting a silver price of $30 an Ounce in 2024. The price of silver exceeded $30 an Ounce between May 17th, 2024, and May 31st, 2024, for the first time in 11 years. How much higher silver can rise?

If investor interest in silver continues to grow, particularly in response to economic or geopolitical events, it could contribute to a rally that pushes prices toward $50 an ounce.

So, Will Silver Ever Be Worth More Than Gold? Unfortunately, it's highly unlikely that Silver will ever be worth more than Gold.