Kitco 24 (2024)

FAQs

Will silver reach $1000 an ounce? ›

Why $1000 per Ounce Silver is Unlikely to Occur. The price of silver is currently just over $30 per ounce. At its peak, silver was trading around $50 per ounce, so it would have to rise by 2/3 to reach the $50 mark. It would need to increase about 32x to reach $1,000 an ounce from today's numbers.

The price of silver will move to our first bullish target in 2024 which is $34.70. We predict $48 to be hit either by mid-2024 or mid-2025. Silver continues its move higher, in line with our silver price forecast. There is still some more upside potential to our long standing target of $34.70.

This article provides insights into the conditions for silver's path to $50. In sum, we do expect the big silver run to start in 2024 and move to $50 in two phases which will be reached either late 2024 or mid-2025.

The price of silver isn't directly linked to the dollar, which means that its value can rise or fall independently. As such, it can potentially maintain its overall value, even if the dollar itself experiences a crash.

All signs point to silver remaining a good investment in 2024. This means it's a good time to both buy and sell silver. But as to what this means to you individually, it's always best to seek professional financial advice before taking action.

The Average Silver Allocation in a Portfolio

Many analysts recommend holding an average allocation of 5-10% in gold and silver. It's important to note that this is just a general guideline. Each investor has their own risk appetite and long-term goals so your ideal allocation may be different.

10-Year Prediction

According to many long-term forecasts, the value of silver is expected to go above $70 per ounce in 10 years, and some even predict it will get close to $80 per ounce. However, this amount could increase. Most value increases are due to supply and demand based on past market prices and predictions.

A 90% silver quarter contains 0.1808479 of an ounce of silver, so 5.5 of them adds up to one troy ounce. Since you can't have half of a coin, rounding up means it takes six silver quarters to make more than a troy ounce. To add up to an ounce of silver, it takes three pre-1965 half dollars, six quarters, or 14 dimes.

How much silver will $100,000 buy? ›

$100,000 of silver would be 6,250 ounces and 13 large boxes and would weigh more than 430 pounds.

What's the highest price silver has ever been? Silver's highest historical price was $49.45 per ounce on Jan. 18, 1980.

For $10,000 buy

Two-thirds US 90% silver coin or 1oz. Silver Rounds, with the balance divided between a fractional coin like British Sovereigns, French 20 Francs, Mexican Pesos (10, 5, 2.5, or 2) AND Krugerrands, Austrian 100 Coronaes or Mexican 50 Pesos.

Silver's long-term outlook through 2050 is moderately optimistic, with prices expected not to fall below $50, potentially reaching up to $100. The near-term forecast for 2024 is bullish, with significant variation among experts. While JPMorgan predicts a rise to $30, other analyses suggest lower peaks or declines.

Silver can rise to $100 /oz, this decade, under exceptional market conditions. The silver price will eventually rise to $100 /oz, but not in 2024 nor 2025. Silver will likely rise to $100 /oz where it will set a major top. This might happen in 2026-2027, certainly not 2024-2025.

Gov Capital, another algorithm-based forecasting service, issued a silver price prediction stating that the metal would close out 20234 at a potential price of $27. The platform sees silver rising to $40 by the end of December 2025, $58 by the end of 2026, and $122 during 2029.