Latest Silver Price Forecasts & Predictions

The silver price is just a few percentage points away from a 13-year high, with the current spot silver hovering at $32.60 as this article goes to press. Silver prices have not been this high since 2012 – if silver closes out the month of March above $32.50, it will be the highest monthly close since November 2012.

With prices hovering near levels not seen for over a decade, one would logically think that interest in the silver market would be booming. However, this is not the case, and what we see is the exact opposite: interest in the silver market is currently at multi-year lows.

From a contrarian standpoint, this is a good thing, since it means the mainstream western investor is not participating in the silver market currently. When he does, it will signify a warning sign that a top may be approaching. For now, we are nowhere near this point, and we must thus conclude that silver has further room to advance over the months and possibly years ahead.

Let us examine the evidence.

Silver Interest is at Multi-Year Lows

Below we plot the price of silver on top from 2020 through present. Immediately below the price, we plot analytics from Google showing interest in the silver price.

Note that the silver price itself is currently 7% higher than its 2020 peak.

Silver has just broken higher out of a short-term consolidation. This price behavior results in a target of $38.65, a 16% anticipated gain for silver over the months ahead. For investors seeking increased profit above this figure, silver miners have recently begun to provide positive leverage above and beyond the bullion price.

Silver’s Breakout

Silver’s breakout is clear to see on the chart below:

Note the five-month cup consolidation below the $32.50 figure (black dashed line). This consolidation began in May, and has just recently broken upward to trigger the pattern.

In the case of silver, the consolidation had an amplitude of $6.15 below the breakout point. We can reasonably now expect that $6.15 worth of short-sellers and hedgers will be incentivized to cover those positions. Silver thus has a reasonable target of $6.15 + $32.50, yielding a target of $38.65 for the coming months.

Timing the Target

We now need to place silver’s $38.65 target into the visible pattern boundaries in order to project an anticipated timeline for the advance.

Note the wedge-like pattern (blue dashed lines) that is forming in the silver market, with both sellers and buyers emerging at higher intervals since 2022. When we place the amplitude target of $38.65 within the visible pattern, we see that silver should be expected to achieve its target no later than Q2 – Q3 of 2025.

Invalidation Point

We must always identify a point at which we observe that something has changed in the market, and that a target has been invalidated. In the case of silver above, should the breakout point of $32.50 fail to act as support for at least two days over the coming weeks, it...