Expectation silver price

Industries and investors use silver price expectations to determine when it is a good time to sell or buy silver. These expectations are based on industry demand, including technological developments, economic developments and the geopolitical environment. Based on these factors and recent price movements, expectations can be established.
 

Market analysis silver price

From the market analysis of the silver price, it can be seen that the price can vary widely but there is a general price appreciation. For investors, silver remains an interesting option to diversify their portfolio. 
 

Recent price movement

The recent silver price trend shows silver's volatility well but it also shows the overall upward trend. In 2023, the overall silver price fell 9% from 2022, but the lowest price in 2022 (€573) was lower than the lowest price in 2023 (€630). The silver price continued to rise sharply between April and July. At the time of writing, the silver price is €857 per kilo. 
 

Influential market factors

The most influential market factors on the silver price are technological developments, industry-driven demand, economic stability and what the geopolitical environment looks like. Technological developments can cause silver demand to rise. Indeed, silver is widely used in batteries, solar panels and in the automotive industry. Silver plays an important role in making products more sustainable, which will keep the demand for silver stable or increase in the future.
 

Short-term expectations for silver

In the short term, silver prices are expected to rise. Partly due to the sustainability of industries, more silver will be needed to develop new products. Thereby, silver is an important component in existing technology. When the demand for solar panels and electric cars increases, more silver will be needed. Read more about the expected silver price of 2025.
 

Long-term expectations

Experts expect the silver price to continue its long-term upward trend. This prediction is based on industrial demand for silver and various economic indicators.
 

Industrial demand for silver

Silver is a precious metal that occurs in limited quantities, this alone affects the silver price. Rising demand for silver within industry may lead to shortages, driving up the price of silver. In addition, mining production may not be able to keep up with demand, for instance due to geopolitical tensions. For investors, this forecast is very favourable.
 

Economic indicators

Economic indicators also influence the demand for silver. Especially for investors, these indications are important. With inflation, changing interest rates and currency movements, silver is an interesting alternative. Silver, like gold, is considered a safe haven and can protect assets. As the economic environment becomes less stable, the demand for and price of silver will increase.
 
Disclaimer: The Silver Mountain does not provide investment advice and therefore this article should not be considered as such. Past results do not guarantee future results.