Silver (XAG) Forecast – Silver price 2024, 2025, 2030

Silver (XAG) price prediction 2024, 2025, 2030

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Silver is a precious metal regarded as a safe haven asset, but behind gold. In the long-term time frame, silver has a relatively high correlation with gold, but different charts of all-time highs. The key difference between XAG and XAU are the main factors impacting the prices of the metals. Gold is a safe haven asset, with central banks creating the demand for it, while the silver price is more influenced by the industrial demand. Investors use the XAG/USD instrument to diversify risks.

1

Current XAG price $27.22.

2

According to analytical forecasts, by the end of 2024, the price of XAG could reach $22.591, and by the end of 2029, it is expected to be $23.415.

3

Based on technical analysis indicators, the recommendation for the 1H timeframe is Strong Sell, and for the 1D (one-day) timeframe, it is also Neutral.

Traders Union experts collected long-term Silver (XAG) price predictions by top analytical platforms. Also in our article, you will be able to learn the latest signals on the XAG price for 1 day and 1 week. Silver signals are based on the technical analysis indicators.

On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:

Asset quotes are updated every minute.
Price chart is updated every minute.
Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
Medium and long-term forecasts are updated every hour.

Silver price prediction for 1 day, XAG signals for 1 week

Short-term XAG price prediction by TU is prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out XAG price prediction for today.

NOTE!

Signals may differ on different timeframes. If you want to buy Silver (XAG) and hold the metal for longer than one week, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions.

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Silver coin price prediction 2024. Will XAG go back up by the end of the year?

The silver price was pushed up by the pandemic in 2020-2021, as investors used precious metals as safe haven assets. Demand for silver also grew by more than 9% thanks to development of alternative energy technologies. Although the geopolitical risks of 2022 did not have a strong impact on silver, analysts believe that its price could rise by 4-6% in the short term.

According to an alternative forecast by Anton Kharitonov, a TU analyst, XAG price will reach $22.591 by the end of 2024.

Top 3 trending currency pairs

The algorithm developed by Traders Union automatically selects the top 3 trending currency pairs based on the user activity and indicator scores. For the calculation, the algorithm uses data on a weekly interval of technical indicators: moving averages, RSI (Relative Strength Index), CCI (Commodity Channel Index), ADX (Average Directional Index), MACD (Moving Average Convergence Divergence), Momentum, Ichimoku, etc.

USD/INR is a high-risk currency pair. Despite India being among the top five countries in the world in terms of the number of traders, this instrument is considered low-liquid and volatile. In a span of 2.5 months, the price can move more than 500 pips.

USD/INR analytical forecast

USD/CAD is one of the majors known as a commodity pair. The U.S. is Canada’s primary trading partner, and as a result, the pair’s price is strongly influenced by export and import statistics. The pair exhibits relatively high volatility. The most active trading activity is typically observed during the American session.

USD/CAD analytical forecast

USD/ZAR is an exotic currency pair. It is a challenge to predict its price due to limited access to statistical information from South Africa. This pair is characterized by low liquidity and relatively high spreads.

USD/ZAR analytical forecast

Note!

This block is not intended as an investment recommendation and is created solely for informational purposes.

XAG/USD Chart Online

What Silver price will be in 5 years and 12 years – prediction by years

According to the long-term forecast of Trade Union analysts, the XAG rate may reach $22.591 by 2025, $23.415 by 2030, $27.782 by 2032.

Year	Price in the middle of the year	Price at the end of the year
2024	$25.795	$22.591
2025	$20.128	$19.618
2026	$25.756	$22.94
2027	$22.198	$22.647
2028	$22.647	$21.483
2029	$21.807	$23.415
2030	$29.667	$32.3
2031	$30.923	$27.782
2032	$25.61	$29.199
2033	$30.335	$29.413

What news may impact Silver (XAG) price in the future?

Key factors impacting the silver price:

Demand. Silver is used in the production of jewelry, electronics, photography, mirrors, solar panels and other industrial goods. The growing demand for alternative energy pushes the silver price up.
Supply. Level of silver production and reserves.
Geopolitical and economic factors. Instability, wars, terrorist attacks, economic crises and changes in the political regimes of different countries may have an impact on the silver price.
Macroeconomic statistics. Optimistic forecasts for stock markets lead to outflow of investor capital from metals.
Investment demand. Silver may be regarded as an alternative to investments into stocks and bonds, which is why investment demand may have an impact on the silver price.

Also, speculative transactions of large traders may result in high volatility on short-term time frames.

All Forex Forecasts From TU Expert

Discover exchange rate forecasts for the most popular currency pairs to be up to date about the prospects of the market and not to miss promising trading opportunities.

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Latest exchange rates online

Expert opinion. What to expect from the XAG price?

Volatility calculator shows a high level of correlation between gold and silver in the long-term period. However, during a crisis, these two metals showed different results. Gold gradually rose to its all-time highs, while silver showed high volatility and absence of a clear upward trend. With the increase of interest rates, and negative economic forecasts, instead of rising, the silver price dropped below $20 in the middle of 2022. Therefore, the forecast is moderate. There are growth prospects, but silver is more of a speculative instrument, than a long-term investment asset.

Anton Kharitonov

Financial expert and analyst at Traders Union

Price prediction methodology

The following tools and instruments were used for making the prediction:

Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.

Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.

Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.

Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.

Expert opinions and consensus forecast.

NOTE!

This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.

This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.

FAQs

Will silver hit $100 an ounce?

At the all-time high in 2011, the silver price failed to rise above $50 per troy ounce. Therefore, it is unlikely that the XAG/USD price will reach $100 in the next decade.

What will silver be worth in 2025?

According to analysts, by the end of 2025 the price of silver could be around $19.618.

How much will silver be worth in 2030?

According to moderately optimistic forecasts, by the end of 2030, silver could cost around $32.3.

Is silver a good investment in 2024?

For short-term investing, silver is suitable only as a speculative asset in strategies that involve trading intraday volatility on both sides. Long-term investments make sense only if considered for a period of over 5 years.