23 analysts have recently forecast a significant increase in the price of silver over the balance of the decade. Below are their projections. (Go here to read the latest projections for the price of gold.)

1. Goldrunner: $800 to $1,200 by 2025; $5,300 by 2030/32

“My fractal analysis chart work on Silver points to a potential price for Silver of something like $800 to $1,200 per troy ounce a bit later than 2025 and $5,300 by the end of this decade or early in the next decade.” (personal email)

2. Keith Neumeyer: $130 to $1,000

“Silver is an extremely critical metal – a strategic metal – and the investment community will figure it out eventually” and, when they do, he believes the white metal could reach the $130 level peer troy ounce (ozt.) and, if gold were to hit $10,000/ozt., he could see silver at $1,000/ozt. Source

3. Egon von Greyerz: $600 to $1,000

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

4. Peter Krauth: $300+

‘I think silver’s ultimate peak could be $300/ozt., and I won’t rule out possibly even higher.” Source

5. David Smith: $166 to $250

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

6. Nick Giambruno: +160 

“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 the price to spike above $160/ozt.. 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…

7. Chris Vermeulen: $40-$44 by December 2021 then to between $90 & $550

"I believe Silver will move above $28.50/ozt. sometime in July (or shortly afterward) and begin to move dramatically higher – targeting $40/ozt. or higher by the end of 2021 (Source) and, ultimately, we estimate it will likely top somewhere between $90 and $550 per troy ounce.” Continue reading…

8. Austrolib: $50 to $110

"If silver could make a 10x run from 2003 to 2011, I believe it can make another 10x run from $11 per troy ounce to $110/ozt., but much faster this time, to keep pace with the expanding money supply. If silver really is in a bull market, then it should go above $50/ozt., as that was the 1980 top as well, and approach the 15:1 gold to a silver ratio that is closer to historic norms." Source

9. CoinPriceForecast.com: $40 by end of 2023; $80 in 2031

"According to our latest long-term forecast, Silver price will hit $40/ozt. by the end of 2023 and then $50/ozt. by the middle of 2025. Silver will rise to $60/ozt. within the year of 2027, $75/ozt. in 2029 and $80 per troy ounce in 2031." Source

10. Jeff Clark: $30 in 2021 to +$100 in 5 years

“My most confident prediction is that over the next five years, the silver price is going to increase to a minimum of $100/ozt..” Source

11. Paul Mladjenovic: +$100

“Triple-digit silver—$100/ozt. or more—is a possibility in the near future.” Source

12. David Morgan: $100

“Assuming a $4,000 per troy ounce gold price target in two to three years’ time, which is roughly a 100% increase from current levels, and assuming a normalization of the gold-silver ratio to 40-1, then silver should be trading at $100/ozt. by the time gold doubles in value.” Source

13. Tom Fitzpatrick: $100

“The combination of a 37:1 Gold/Silver ratio (where this trend line will be in 2 years) and a $4,000/ozt. Gold price (our target over that period), could ultimately argue for Silver as high as $100+ per troy ounce.” Source

14. Gov Capital: +$50 by end of 2023; between $107 to $123 by July 2026

“Based on our custom algorithm we predict that silver will surpass $50 per troy ounce by the end of 2023, +$70/ozt. by the end of 2024, +$80/ozt. by the end of 2025 and range between $107.40 and $123.57 per troy ounce in 5 years time.” Source

15. Mark O’Byrne: $50 to $100

“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 per troy ounce. Source

16. Citi Bank: $50-$100 by the end of 2021 

The bank said its foreign exchange (FX) technical team is very bullish on silver with “$50/ozt. a very realistic target and $100/ozt. possible” in 2021. Source

17. Andrew Hecht: +$50

“Silver’s consolidation period and tightening price ranges could be the prelude to a new record high above the 1980 $50.36/ozt. peak in the COMEX futures market.” Source

18. CPM Group: +$50

“CPM Group managing partner Jeffrey Christian "believes market fundamentals are supportive for silver to rise sharply back to its record high of US$50 per troy ounce...coinciding with the next financial and economic crisis.” Source

19. Lorimer Wilson: $40 to $60 by 2025

"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%. In early 2020 the gold:silver ratio again topped 82:1 so, based on history, silver could easily advance to somewhere between $40 and $60 per troy ounce."

20. Eric Fry: +$50

“When this ballgame ends…silver will be topping $35 per troy ounce and an extra-inning affair would not surprise me, lifting…the silver price to a new all-time high above $50/ozt..” Source

21. Bank of America: $35 in 2021; $50 in medium-term

“$35/ozt. silver is feasible next year, but…could rally to $50/ozt. in the medium-term.” Source

22. Jim Willie: $50

“A quick march to the $35 mark, then to $50 in….a few months, not a couple of years.” Source

23. Don Durrett: $50

“Once we get over $30, we will run to $35 for one final pause, then it will be off and running to $50 and an all-time high. Get ready. It’s coming.” Source