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Any “analyst” can predict that silver is going much higher but most don't provide specific dates as to when their forecasts will be realized. This article, however, remedies that with a list of all 26 analysts (with source) who provide specific forecasts for the price of silver by the end of 2023 and their reasons why.

In 2023

1. Everett Millman: $25 
   • "My silver price target for year-end in 2023 is $25 per troy ounce and...my price target for silver by 2030 is $35 per troy ounce." Source
2. Ross Norman: $25.18
   • "With total supply relatively static at around 1 billion ounces, but with demand rising 16% year-on-year to an all-time high, coupled with declining inventory stocks, leaves silver looking' we see silver ranging from $23.41 to $30.15 in 2023 and averaging $2518 on the year. Source
3. Wallet Investor: $25.46
   • An AI driven forecasting website forecasts that silver will end 2023 at $25.46/ozt., $29.25 in 2025 and $32.86 in 2027. Source
4. Peter Fertig: $26.60 
   • Fertig of QCR Quantitative Commodity Research in Germany forecasts $26.60 in 2023 based mostly on a steep retreat in the US Dollar's value on the currency market blowing a tailwind for silver priced in Dollars.. Source
5. Bruce Ikemizu: $27
   • Ikemizu, Chief Director of the Japan Bullion Market Association, forecasts $27 per troy ounce in 2023 "supported by the prospect of supply shortage and renewed interest from investors with prices further boosted by the move towards a carbon-free society helping silver demand for solar panels and other applications such as various parts in electric vehicles." Source
6. StoneX Financial Ltd.: $27.25
   • According to the StoneX Metals and Energy Markets Annual Outlook report silver should reach $27.25 by the end of 2023. Source
7. Gov Capital: $27.90 
   •  The algorithm-based forecasting service predicts that silver will close out 2023 at $27.90, rising to an average of $57.53 by the end of December 2025, $80.47 by the end of 2026, and $97.65 by December 2027. Source
8. Manoj Jain: $28 to $30 
   • Jain, Director of Prithvi Finmart, believes "silver could also test $28-30 per troy ounce levels in 2023.” Source 
9. MKS Pamp: $28 to $30 
   • Nicky Shiels, head of metals strategy at MKS Pamp, has a silver forecast of $28/ozt. to $30 per troy ounce for 2023 because silver is in a shortage. Source
10. longforecast.com: $29.01
    • This algorithm-based forecasting service forecasts a price of $29.01/ozt. for silver at the end of 2023. Source
11. CNBC: $30 
    • "Silver could hit a nine-year high of $30 per ounce in 2023 this year as a result of insufficient supplies of silver as well as its tendency to be a better performer than gold in periods of high inflation." Source
12. Wheaton Precious Metals: $30
    • Randy Smallwood, CEO of Wheaton Precious Metals, believes silver will “touch” $30 a troy ounce but will remain comfortably above $20 in 2023. Source
13. Keith Neumeyer: $30 
    • Neumeyer, CEO of First Majestic Silver, predicts it could reach $30/ozt. in 2023 and $125 per troy ounce in the current market cycle. Source
14. Degussa: $30 
    • Germany’s largest and oldest precious metals company has a silver price forecast of $30/ozt. ounce in 2023 based on the increased demand for silver by renewable energy technologies and that a rising silver price should attract additional investment demand, which could help drive silver prices significantly higher this year. Source
15. Crescat Capital: $30 to $35
    • Tavi Costa, Portfolio Manager and partner at the firm, thinks, “Silver could easily be trading at $30 to $35 an ounce” in 2023. Source
16. Jeff Clark: $30 to $50 
    • The odds favor a higher silver price in 2023 ranging from a minimum of high of $30, a potential high of $35 with no crisis an a potential high of $50/ozt. should we be in a crisis. Source
17. Gary Savage: $30 to $50 
    • Savage feels that the silver market is gearing up for a bullish run to $30 and maybe $50 an ounce in 2023 as a result of the trillions of dollars that have been created as a reason the price of silver can no longer be suppressed and that silver prices “bottomed out” prior to gold meaning it’s got more room to run. Source
18. Coin Price Forecast: $30.12
    • The AI-driven forecasting website predicts silver prices will end the year at $30.12, $40.77 by the end of 2024, and $50.64 by the end of 2025. The forecast is updated on daily basis. The current price is updated every 15 minutes. Source
19. Trading-education.com; $31.95
    • " A favorable market condition...should see silver reach $31.95 by the end of 2023 at $31.95...and should easily rise to $40.18 per troy ounce in 2024 and could reach as high as $81 per troy ounce in 2030.  Source 
20. Ajay Kedia: $32 
    • Kedia, Managing Director of Kedia Commtrade and Research, sees silver "crossing $32 as industrial demand seems to be improving against the supply with dwelling inventories." Source
21. The California Gold & Silver Exchange: $32.65
    • The silver price prediction for 2023 is expected to continue to increase reaching $32.65 by the end of 2023 because the current supply of silver is insufficient. Source
22. Taki Tsaklanos: $34.70 
    • Tsaklanos forecasts that silver prices will rise to $34.70 per troy ounce in 2023, with $48 silver expected shortly thereafter supported by the gold price (correlated to silver) and inflation expectations. Source
23. Phillip Streible: $35 
    • "I think $35 silver is an achievable–attainable target is realistic given the fact that the dynamics of the economy are going to slow down.” Source
24. Lite Finance: $36.42 
    • Jana Kane, editor-in-chief, feels the average price of silver will be in the $37.32 range for 2023 based on safe-haven demand in the face of rising inflation and silver's use as an industrial metal. Source
25. Avi Gilburt: $40 
    • "Silver has lagged in the precious metals space for the last two years and has a lot of catching up to do....It's  prices could easily double in 2023 to $40/ozt..." Source
26. Robert Kiyosaki: $75 
    • "I predict silver going to $75 and gold to $3,800 in 2023.” Source

Average price per troy ounce in 2023: $31.82 ($30.09 excluding the $75/ozt. outlier forecast by Kiyosaki)

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