Many analysts are forecasting silver going as high as $1,200 over the next decade but a few are suggesting that silver could go as low as $5 if we experience a long-lasting major recession or a depression along the way. Below are their projections and rationale. (All prices are in USD per troy ounce.)

1. Goldrunner: "My fractal analysis chart work on Silver clearly points to Silver going up to $800 to $1,200 a bit later than 2025."

2. Keith Neumeyer: “Silver is an extremely critical metal - a strategic metal - and the investment community will figure it out eventually” and, when they do, he believes silver could reach the $130 level and, if gold were to hit $10,000, he could see silver at $1,000. Source

3. Hubert Moolman: “The 70s pattern is very similar to the pattern that currently exists. Therefore, I do not think it is wishful thinking that silver will reach the target of $675 as a minimum.” Continue reading…

4. Egon von Greyerz: "If we assume $10,000 for gold and a gold:silver ratio decline to the historical average of 15, we would see a silver price of $666...If we look at silver adjusted for real inflation based on ShadowStatistics, the $50 high in 1980 would equal to $950 today so silver at between $600 and $1,000 is not an unrealistic target." Source

5. Gary Christenson: “Silver prices for the next decade are dependent upon many unknowns but a ‘more of the same’ financial world suggests silver prices will rise toward $100 in the next 5 – 7 years. A more aggressive chart interpretation shows that silver prices could rally toward $200 – $300. Indeed, if the powers-that-be create or can’t stop hyper-inflation of the dollar, $500 silver will look inexpensive by the end of the decade.”   Continue reading…

6. David Smith: “[If my forecast of $10,000 gold is realized, as I think it will then] you could see $166 silver, and if...[the gold:silver ratio] drops down to 40:1, which is not out of the question, [you could easily see] $250 silver." Source

7. Mike Maloney: “Investment demand for silver bullion has risen sharply and, with the silver market being so tiny, it doesn’t take much investment to have an outsized impact on its price. Silver is dramatically undervalued and represents a very compelling investment opportunity. My prediction for silver 5 years out is $100-$200.” Source 

8. Jason Hamlin: “The silver bull has awakened and when silver finally breaks out, the move tends to be very explosive! I think we could see silver climb to $169…by at the end of 2025.″ Source 

9. Nick Giambruno: “Once the dollar starts to lose its value in earnest…people will panic into precious metals just like they did in the ’70s and ’80s, and much of that money will make its way into the tiny silver market (roughly 1/10th the size of the gold market). This will cause silver to spike above $160. It’s a predictable pattern. Bottom line, the stars are aligned for a silver price spike for the record books and now is the perfect time to get in.” Continue reading…

10. Chris Vermeulen: “We believe silver will soon...move up to well above $85. Ultimately, we estimate it will likely top somewhere between $90 and $550.” Continue reading…

11. Lorimer Wilson: “Every time the gold:silver ratio has reached at least 82:1, it has led to major rallies in the silver market. For example, in mid-2003 the gold:silver ratio peaked at 82:1 and over the next 5 years, silver went up 320%; at the end of 2008 the gold:silver ratio again peaked above 82:1 and, over the next 2 years, silver went up 453% and in early 2016 the gold:silver ratio again topped 82:1 and, over the next year, silver went up 52%. Given the aforementioned, it is reasonable to expect a major rally in silver to over $100." Continue reading…

12. Gov Capital: “Based on our custom algorithm we predict that silver will range between $70 and $95 in 5 years time.” Source

13. Mark O'Byrne: "It is important investors focus on gold and silver’s value as hedging and safe-haven assets rather than their nominal price highs in dollars." That being said he believes silver could rise to between $50 and $100. Source

14. Dumb Money: “History does serve as a guide for what’s normal and, based on the simple historical average, the price of silver should be about $62."

15. Eric Fry: "When this ballgame ends...silver will be topping $35 and an extra-inning affair would not surprise me, lifting...the silver to a new all-time high above $50." Source

16. Bank of America: "$35 silver is feasible next year, but...could rally to $50 in the medium-term.” Source

17. Tom Fitzpatrick: "a move back once more towards the $50 area is a very realistic target for Silver- and not necessarily something that will take years to materialize." Source

18. Jim Willie: "...a quick march to the $35 mark, then to $50 in....a few months, not a couple of years." Source

19. Lawrence Williams: "While I still think $50 silver is perhaps just about out of sight, silver can certainly move up to perhaps $35, or more, given the current momentum." Source

20. Kelsey Williams: “Silver, primarily an industrial commodity, is going to come under extreme pressure because of the slowdown in economic activity as a result of the COVID-19 pandemic and is likely headed straight for familiar territory below $10, where it could stay for several years.  Indeed, it might even go below $5, though, and last for decades if the economy were to enter a depression (not recession).” Continue reading...

21. Gold Bug: “The economy of China is slowing and U.S GDP growth figures are constantly being revised downward and this does not bode well for silver, because the demand for commodities depends on economic growth and if growth falters silver could fall to as low as $7, a level we would have previously found unimaginable.” Continue reading…