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- Silver price prediction: In this article, we offer you Xag/USD forecast for 2023, 2025, 2030 and 2040.
The price of Silver (xag/USD) witnessed a good round in 2024, with gains in three of the first five months of the year. After losing about 10.5 percent of its value between December 2023 and February 2024, the commodity increased steadily in March, and reached 8.8 percent. In addition, silver prices increased by 8.20 percent in April. However, the most prominent thing in its performance is May 22 %, with the price of $ 30 an ounce on May 17. After its sparkling operation, Silver gained 32.2 percent in 2024, surpassing gold 14.7 percent.
Since then, silver prices have been subjected to a series of fluctuations, reaching the highest new level in the year 34.84 dollars in late 2024 before suffering from severe correction. The metal decreased to its lowest level at $ 26.43 in early 2025, driven by profits and fears about global economic growth. However, silver has been recovered since then, as Xag/USD is currently trading at $ 31.82 as of February 6, 2025. This places it near a critical resistance area, where traders closely monitor whether the current assembly has a sufficient force for a higher fracture.
What is silver?
Silver belongs to a category of minerals, which are very valuable due to a wide range of its uses and its preference as a value store. Human civilizations used gold and silver as a basic way to exchange and store value for thousands of years. Moreover, silver is used in many industrial processes. As a result, the price of silver has always been linked to economic activity all over the world.
Xag/USD tracked the price of silver in terms of US dollars. Therefore, the husband generally appears reverse to the strength or weakness of the green back.
Silver price (xag/USD) Latest news and market developments
Silver has reached its highest level in nearly 12 years, at $ 32.52, confirming a good tour in May. On May 1, the Federal Reserve maintained interest rates in a range of 5.25 % -5.50 %. However, there is an increasing pressure on low rates in the second half after a series of total economy data that is weaker than expected. In June 2024, silver prices saw a significant decrease, as it decreased about 5 % due to the disappointing global manufacturing data. Market morale became bullish in July 2024, when analysts indicate that the prices of minerals have settled.
In the last indication that the American economy can face the opposite winds, the non -cultivated salary numbers in August came in 142 km, less than expected 160 kilos. In addition, the unemployment rate increased to 4.2 percent. This has increased the attractiveness of safe minerals such as silver and gold and can pay their prices higher.
In late 2024, silver prices rose to $ 34 an ounce before undergoing a sharp decline. The decline was driven by increasing the revenues of American bonds, which strengthened the dollar and temporarily reduced the demand for silver. However, the recent recovery was supported in early 2025 through strong industrial demand and the purchase of a safe ride. The Silver Market’s reaction was also positively to the recent US work data, which showed growth in the most expected jobs, which increased speculation that the Federal Reserve could reduce monetary policy sooner than expected.
Silver price expected to gather in 2024
According to the Silver Institute, the demand for silver is expected to reach 1.2 billion ounces, which is the second highest record. This is likely to support high prices, and it may go about $ 30 an ounce. It is worth noting that the commodity has not been able to reach this mark since its 2013 collapse.
While it is expected that the Federal Reserve’s interest policy is expected to play a role in determining the price of the commodity, many will also depend on industrial demand. Global economy expectations are generally positive. At its latest expectations, the International Monetary Fund offered global growth “slow but fixed”, while revising the growth of the real GDP of the top in April by 0.1 % to 3.2 %.
Moreover, China reported the growth of GDP better than expected 5.3 % in the first quarter of 2024, overcoming expectations 4.8 %. The country expects the economy to grow by about 5 % in 2024. The world’s second largest economy in the world was recently reported in industrial activity for the first time in six months. These statistics are good news about silver prices, as they can be translated into increasing demand and high prices, thanks to the use of Silver as luxury and industrial minerals.
However, American economic data will play a greater role in determining the price path. Since the inflation rate is still stubborn than the target 2 percent, the high interest rates will continue to the greatest effect on silver prices. The United States released the latest monthly and semester personal consumption expenditures (PCE), on September 2, 2024, as the main printing increased by 0.2 percent per month and 2.5 % annually. The rise in the numbers will increase the pressure on silver prices and vice versa.
Silver price scheme history
The next prices fee displays the silver price date since the 1930s.
The following Xag/USD scheme reveals that silver prices for ounce were generally strong since September last year. The price started at about 20.68 dollars in October 2023, but rose strongly in November, followed by a 10.6 % loss between December 2023 and February 2024. During the rise and landing during that period, the price of silver increased by 36.21 %.
Predicting the price of silver and the latest analysis
Silver price scheme analysis
- Resistance remains at $ 32.98 key – the outbreak of this Xag/USD may send about $ 34.84, which is the highest previous level.
- Immediate support sits at $ 31.33 – less than this metal may witness a re -test of $ 30.18, which is a decisive psychological level.
- MACD turned into positive, indicating an increase in bullish momentum as silver tries to restore a higher floor.
- RSI indicates in 60.41 that silver approaches the peak of purchase but still has room for other gains if buyers remain in control.
- The size increased significantly in the last sessions, indicating the strong market participation in the current upward trend.
Traders must monitor a confirmed break above 32.98 dollars to verify more ascending, while failure to keep more than $ 31.33 may lead to another decline. The next few sessions will be decisive in determining whether silver continues its upscale course or faces renewable sale.
I expected this decrease in the prices of precious metals in the last silver price expectations. I also update the price goals regularly on twitterWhere we welcome you to follow me.
Silver price is 2025
Silver is likely to suffer from increased demand, especially from the electric vehicle market (EV), as many governments give priority to the transition to renewable energy. Also, the American economy may slow down due to the high interest rates of a girl. If this really happens, the price of silver and gold may increase because it is the favorite store for value around the world. Simple Pitchfork Analysis gives us silver price for 2025 between $ 34 and $ 50.
Silver demand on silver is expected to grow dramatically in 2025, especially in sectors such as solar energy and advanced battery technologies. With Samsung and other new chemical technology giants for silver batteries, the demand for metal is likely to remain strong throughout the year. In addition, the US dollar’s weakest expectations in the second half of 2025 may support silver prices.
Silver price 2030
A lot can happen in the world until 2030. Given the current situation of the global economy and inflation around the world, I will be surprised if silver is not the highest new level ever during the next seven years. Therefore, Xag/USD may break the highest level in 2011 ever at $ 50. However, the close attention to the changing global macroeconomic scenario should be paid.
Silver price is 2040
Although the silver prediction of 2040 is guessing anyone, we can still think about some different scenarios. If the US dollar remains the global reserve currency over the next two decades, silver can comfortably trade more than $ 50 by 2040. Technical analysis also gives a range from 78 to 138 dollars.
Where do you buy silver?
You can buy silver on brokers like ATFX, IG, TD Ameritrade, Intellectual brokers, Capital.com, EXNESS, etc. However, you should learn risk management before taking functions to benefit from any origin.
How do you trade silver?
Nowadays, there are different ways to gain exposure to fluctuations in precious metals. Silver holding the silver involves additional costs. Therefore, it is better to invest in silver CFDs or futures via internet broker such as Etoro, EXNESS, TD Ameritrade, etc.
What is the immediate price of silver?
As the name suggests, the silver silver price is the price of metal currencies for immediate delivery. The current idea price is $ 30.83, but it is very volatile because it trades nearly 24 hours a day around the world wherever the markets are open. The largest trading volume comes from the United States, the United Kingdom, Japan, Hong Kong, etc.
Final notes
Silver prices organized an impressive recovery in early 2025 after it faced a sharp correction in late 2024. With the renewal of industrial demand and the rise in the interest of safe waging, Xag/USD rose to $ 31.82, which approached the main resistance at 32.98 dollars. If the bulls can keep the momentum, silver can re -visit its previous levels above $ 34. However, the conditions of macroeconomic economics, including federal reserve policy and inflation trends, will play an important role in forming the Silver path in the coming months.
