Silver price prognosis

Silver will move higher in because the top in Yields is confirmed. Silver and Yields are inversely correlated.

Neumeyer has voiced this opinion often in recent years. He has reiterated his triple-digit silver price forecast in multiple interviews with Kitcoover the years, as recently as March Neumeyer has previously stated that he expects a triple-digit silver price in part because he believed the market cycle could be compared to the year , when investors were sailing high on the dot-com bubble and the mining sector was down. It was during that Neumeyer himself invested heavily in mining stocks and came out on top. In his August with Wall Street Silver, he reiterated his support for triple-digit silver and said he's fortunately not alone in this optimistic view — in fact, he's been surpassed in that optimism. Another factor driving Neumeyer's position is his belief that the silver market is in a deficit.

Silver price prognosis

Global silver demand is forecast to reach 1. Silver is used primarily for industrial purposes and commonly incorporated in the manufacturing of automobiles, solar panels, jewelry and electronics. A projected recovery in consumer electronics is also poised to give the silver market an additional boost, the report stated. That said, the institute noted that in the short term, a slowing Chinese economy and decreased odds of U. However, the tides could turn in the second half of , when most market watchers believe the U. Federal Reserve will start cutting rates. Silver prices, like gold, tend to have an inverse relationship with interest rates. A higher interest rate environment hurts demand for silver and gold as the precious metals do not pay any interest, making them less appealing compared to alternative investments like bonds. Silver carries the ignominious title of being gold's poorer cousin, but the two share a positive correlation when it comes to prices, albeit with a lag. Due to silver's extensive industrial applications, its performance is tied closely to the health of the overall economy or business cycle. In contrast, gold prices usually rise during times of economic weakness or uncertainty.

What factors affect the silver price? It's seriously undervalued but has just been going on far far too long!

Price predictions help market participants manage price risks, create hedging strategies, and make informed decisions about buying or selling assets in financial markets. That said, price predictions are speculative, particularly when it comes to long-term price forecasts. Therefore, investors should use them as a complementary tool, and not as their primary source of advice to make investment or trading decisions. Together with gold, silver is one of the most popular precious metals. It has been used for many centuries to create coins and jewellery. It has also established itself as a popular investment for investors trying to protect their assets against inflation. Silver has a long history, having been used as currency in various civilizations, including the Greeks and Romans, who used it extensively for jewellery and utensils.

Neumeyer has voiced this opinion often in recent years. He has reiterated his triple-digit silver price forecast in multiple interviews with Kitcoover the years, as recently as March Neumeyer has previously stated that he expects a triple-digit silver price in part because he believed the market cycle could be compared to the year , when investors were sailing high on the dot-com bubble and the mining sector was down. It was during that Neumeyer himself invested heavily in mining stocks and came out on top. In his August with Wall Street Silver, he reiterated his support for triple-digit silver and said he's fortunately not alone in this optimistic view — in fact, he's been surpassed in that optimism. Another factor driving Neumeyer's position is his belief that the silver market is in a deficit. In a May interview , when presented with supply-side data from the Silver Institute indicating the biggest surplus in silver market history, Neumeyer was blunt in his skepticism. That's due to all the great technologies, all the newfangled gadgets that we're consuming.

Silver price prognosis

The latest silver price forecasts, predictions and analysis of trends in the silver market. Silver expert David Morgan provides his outlook for silver in , including the main catalysts he sees driving demand. David also discusses platinum, palladium, copper, and other commodities he thinks will outperform as we move into the New Year. Silver has just witnessed a rare false breakout. A false breakout is when a market overcomes a defined level of selling pressure, only to fail to hold above that level following a period of consolidation. The result after a false breakout is often lower prices; however, context is key, as the market should only be expected to fall to the next visible support level.

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Stated differently, even though it might be that the U. That said, most analysts share a bullish long-term outlook on silver. There are two influencers: silver CoT and Year Yields. He also explains how price setting in the silver market is dominated by CoT. Retrieve your password Please enter your username or email address to reset your password. Inflation expectations are positively correlated to precious metals. Silver prices are commonly quoted in troy ounces. High interest rates make silver less appealing to investors, as the precious metal is not generating any yield. He has reiterated his triple-digit silver price forecast in multiple interviews with Kitcoover the years, as recently as March Comment added on February 12th, : The silver CoT report remains very bullish, from an historical perspective. So far into , gold has seen a resurgence in investor attention as the potential for Fed rate cuts nears closer. Dollar has more upside more downside in the Euro , we believe that there is more downside risk in the USD than upside potential. Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts.

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New conflicts or escalations of existing ones could lead to an increase in silver prices. Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article. That's due to all the great technologies, all the newfangled gadgets that we're consuming. Due to silver's extensive industrial applications, its performance is tied closely to the health of the overall economy or business cycle. Dollar and consequently big decline in inflation expectations broke the secular breakout in silver that started in Q1. Receive top notch forecasts for free. They note that demand for silver will grow as highly populated emerging economies are creating new markets for consumer electronics. We explained the importance and the meaning of the gold to silver ratio, in great detail, in this article: Gold-to-Silver Ratio and Historic Silver Rallies :. What kind of a free market is that? In a December interview with Kitco , Neumeyer stressed that silver is more than just a poor man's gold and he spoke to silver's important role in electric vehicles and solar cells. Learn everything you need to know about oil trading and how it works in this guide. Silver is highly sensitive to the movement of the US dollar and US interest rates. While, emotionally, a long consolidation is no fun for most investors, the reality is that the longer term implications of a long consolidation are bullish. However, didn't shake out as many expected, and Morgan's expectations were more by the end of the year.