Silver Price Forecast and Long Term Prediction (2020)

In this article we make a Silver price forecast and long term prediction. We would like to give an assessment of the future price development of the Silver Futures in US-Dollar. We look at all important time frames like the daily, weekly and monthly chart, but also the long term charts for Silver, which are the quarterly and yearly charts with logarithmic scale. The basis of our analysis is Price Action and Technical Chart Analysis.

The charts used are from TradingView and the prices are from the Silver Futures traded at COMEX.

Silver Price Forecast: Daily Chart

Last update: September 25, 2020

The Silver price on the daily chart shows a defined uptrend after reaching the yearly high at 29.915. The Silver price has now dropped below the 50 days SMA (green line) and has approached the 2016 high, which is located at 21.44

Silver price forecast with daily chart
Silver price forecast: Consolidation below the July low (Chart: TradingView)

Resistance: 28.00 | 29.91| 32.48
Support: 21.44 | 21.22

Silver price outlook: We expect to see a continuation of the daily downtrend. Next target could be the 2016 high. Only a price advance above the September high could turn the negative chart picture to positive again.

Silver Price Outlook: Weekly Chart

Last update: September 25, 2020

The Silver price on the weekly chart shows a strong correction after reaching the July high at $29.91 .

Silver price outlook weekly chart
Silver price forecast: Consolidation below the July low (Chart: TradingView)

Resistance: 28.00 | 29.91| 32.48
Support: 21.44 | 21.22

Silver price outlook: We see an established long term uptrend, so probabilities favor a continuation of the Silver price advance. Next price target could be the August high and later possibly the 2013 high at $32.48. The price zone around 2016 high and 2008 high is next major support.

Silver Price Forecast: Monthly Chart

Last update: September 25, 2020

The Silver price on the monthly chart shows a defined uptrend. Silver price reached an all time high in at $49.82 in the year 2011. In the year 2020 the Silver price marked a low at $11.64 and is now approaching the 2013 high at $32.48.

Silver price forecast of monthly chart
Silver price forecast: approaching 2013 high (Chart: TradingView)

Resistance: 29.91 | 32.48
Support: 21.44 | 21.22

Silver price forecast: We see an established long term uptrend, so probabilities favor a continuation of the Silver price advance. Next important price target could be the 2013 high at $32.48. Major support is the price zone around $21.50 (2008 high and 2016 high).

Silver Price Forecast: Quarterly Chart

Last update: September 19, 2020

The Silver price on the quarterly chart shows a defined uptrend. Silver price reached an all time high in at $49.82 in the year 2011. In the year 2020 the Silver price marked a low at $11.64 and is now approaching the 2013 high at $32.48.

Silver price forecast of quarterly chart
Silver price predictions: approaching 2013 high (Chart: TradingView)

Resistance: $32.48
Support: $21.44

Silver price forecast: We see an established long term uptrend, so probabilities favor a continuation of the Silver price advance. Next important price target could be the 2013 high at $32.48. Major support is the price zone at $21.50 (2008 high and 2016 high).

Silver Price Predictions: Yearly Chart

Last update: September 19, 2020

The Silver price on the yearly chart shows the long term uptrend. Silver price reached an all time high in at $49.82 in the year 2011. In the year 2020 the Silver price marked a low at $11.64 and is now approaching the 2013 high at $32.48.

Silver price predictions of yearly chart
Silver price predictions: long term uptrend (Chart: TradingView)

Resistance: $32.48
Support: $21.44

Silver price predictions: We see an established long term uptrend, so probabilities favor a continuation of the Silver price advance. Next important price target could be the 2013 high at $32.48. Major support is the price zone at $21.50 (2008 high and 2016 high).

What is the current price of Silver in US-Dollar ?

The current price of Silver futures you can see here.

*This price prediction is based on the data collected from various sources. This should not be considered as an investing parameter and user should do their own research before investing.

Do you think our predictions are accurate? What are your thoughts on the methods used to reach our conclusions? Let us know in the comments below.

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