Silver price forecast: Third-party predictions 2025-2030

What’s next for silver price expectations? Here’s a roundup of the silver price forecast from a range of third parties, with analyst predictions for 2025 and beyond.

By Dan Mitchell10 hours ago Updated

Silver price forecast: Third-party predictions 2025-2030 — What lies ahead for the price of silver in 2025 and beyond? Read on to find out. – Photo: Aleksandar Mijatovic / Shutterstock

Introduction

Past performance is not a reliable indicator of future results

Silver is a precious metal in the commodities market – part investment asset, part industrial powerhouse. Its price responds to broad economic trends as well as demand from key sectors like electronics, solar, energy, and automotive manufacturing.

Historically valued as money, a hedge against inflation, and a safe-haven asset, silver today has a wide range of uses – from coins and bullion to conductors, batteries, and solar panels. Unlike some other precious metals, silver’s strong industrial role makes it especially sensitive to shifts in global manufacturing.

As of 5 August 2025, the silver price stands at around $37.3 per ounce, up approximately 26.4% year-to-date and 39.2% year-on-year.

The silver spot price – the current price for immediate settlement – is the primary reference, and silver futures contracts are also traded.

Silver price forecast for 2025 and beyond

As of 5 August 2025, the silver price forecast for 2025 and beyond suggested a moderately bullish but volatile outlook, with most analysts expecting prices to remain near current highs.

ING Think predicted that silver would hover around $31 per ounce through 2025 and 2026.

The Scotiabank commodity team set its average silver price at $31.86 for 2025, easing back to $31 for 2026. Meanwhile, UBS outlined a more bullish near-term silver price target of $38-$40.

Macquarie revised its forecasts higher in July, anticipating a $36 average for both Q3 and Q4 2025. The Australian bank projected silver prices to moderate in 2026, with a $33-$34 range in Q1 and $29-$30 for Q2.

A Reuters quarterly poll of analysts, published in April 2025, forecasted an average silver price of $33.10 for 2025, rising to $34.58 in 2026.

What are analysts’ silver-price expectations?

The silver price outlook remains mixed, with analysts split between bullish momentum and structural concerns. In The Motley Fool, Andrew Mackie pointed to silver’s rally toward 14-year highs but suggested there’s still room to climb: ‘At the moment silver prices are hovering at $40 – the highest in 14 years. But the reality is that compared to gold, silver prices have barely moved yet.

‘The gold to silver ratio currently sits at 85, well above its long‑term average. Two months ago it was above 100.’

The Financial Times, writing in June, highlighted investor demand as a key driver of recent gains:

‘Investors are pouring into silver and platinum as they seek ‘gold alternatives’ and hedges against the US dollar, sending prices for both metals soaring.’

However, the silver price outlook isn’t universally positive. Jesse Colombo, writing for Kitco, said: ‘Silver is heavily manipulated and suppressed by bullion banks like JP Morgan and UBS… The price of silver should be significantly higher than its current level.’

Learn more about silver in our comprehensive silver trading guide.

Silver price future: Longer-term predictions

Long-term silver forecasts stretch out to 2030, with expectations ranging from steady gains to more bullish surges.

Coin Codex sees silver averaging $32.42 in 2025, within a tight $32.36-$33.55 range. The price is expected to climb to $38.37 by 2027, dip to $35.26 in 2029, and rebound to $36.32 in 2030. Its 2030 forecast spans from $32.19 to a potential high of $43.76.

Wallet Investor’s projections are more bullish, putting the average silver price at $38.38 for 2025, with a maximum of $38.85 and a minimum of $37.97. Further out, the forecast rises to $40.20 in 2026 and increases annually, reaching an average of $48.88 by 2030. Wallet Investor’s 2030 range sits between $47.56 and $49.71 per ounce.

Gov Capital expects silver to end 2025 near $39.84, within a $35.85-$43.82 range. Its 2030 target is $50.07, with a projected high of $55.08 and low of $45.07.

Long-term silver price expectations remain subject to considerable uncertainty, especially given the evolving role of silver in industrial supply chains. Analyst projections may change as new data emerges, and past performance is not a reliable guide to future results. Always conduct your own research before making trading decisions.

FAQ

Is silver more volatile than gold?

Yes, silver tends to be more volatile than gold. This is largely due to silver’s much higher industrial demand, which accounts for roughly half of annual consumption. As a result, the silver price is more exposed to fluctuations in the manufacturing and technology sectors. During periods of robust industrial growth or disruption, silver can experience sharper price swings compared to gold, which is driven mainly by investment and central‑bank demand.

What’s the silver price outlook for 2025?

Most third‑party forecasters anticipate a mixed but broadly stable silver price outlook in 2025. Recent analyst polls point to an average price in the $31-$34 per ounce range, with upside possible if industrial demand remains strong. As ING stated in July, ‘the market expects elevated volatility but no clear directional trend.’ Some firms, including UBS and Macquarie, cite the potential for short‑term spikes above $38 should supply constraints persist. However, analysts also flag the risk of price corrections if investment flows reverse or the global economy weakens. As always, forecasts may change as new data emerges.

What are the projected silver prices for 2030?

Longer‑term projected silver prices remain divergent. Algorithmic models such as Wallet Investor projected an average price of $48.88 per ounce in 2030, with some estimates ranging from $47.56 up to $49.71. By contrast, Coin Codex’s 2030 forecast was more conservative, expecting an average of $36.32, within a broad $32.19-$43.76 range.