What is the concensus thinking of silver analysts on the outlook for the metal?
Sources
Answer
The consensus among silver analysts for 2025 is generally bullish, with expectations of silver reaching US$35 per ounce due to supply shortages and increasing demand. After this peak, a slight pullback to US$30 is anticipated, followed by another potential rise that could see silver passing US$50.4Key factors influencing this outlook include:
8- Supply-Demand Dynamics:
Experts anticipate another strong year for silver demand in 2025, with a projected deficit of 215.3 million ounces. This is driven by continued stagnation in supply alongside record industrial demand. The gap between supply and demand is expected to persist, potentially leading to upward price pressure.3 - Industrial Demand:
Silver's industrial applications, particularly in the solar industry, are expected to drive demand. The solar sector is the largest source of industrial consumption for silver, and analysts see continued growth in this area.9 - Economic Factors:
U.S. monetary policy is expected to remain tight into early 2025, which could pose short-term challenges for silver. However, any potential weakness in the U.S. dollar could ease pressure on silver prices.7 - Geopolitical and Economic Uncertainties:
Analysts caution that broader economic trends could affect silver. There is a risk of significant correction in the markets and a potential recession, which could temporarily impact silver stocks and prices.4 - Investment Potential:
The solid fundamental backdrop is expected to attract more investors, keeping a bid on prices. Silver's performance is closely tied to global industrial production, with its price likely to benefit from an economic recovery in the coming months.9
(Perplexity.ai)
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Gold vs. silver: Why silver is a better investment than gold
https://moneywise.com/u/investing/alternative-investments/gold-vs-silver?irn_option_aditude-auto-inject=true
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