Silver Price Forecast and Long Term Prediction (2021)

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 recovering within sideways range

Last Update: June 03, 2021

The Silver price on the daily chart is moving sideways since the 2020 high. The price level at $30 was testet and has shown resistance. A local low was recently created at about 24.00, from which the prices recovered up to near $28.

Silver price forecast with slight recovery on daily chart
Silver price forecast: Recovering prices near $28 (Chart: TradingView)

Resistance: 29.91 | 32.48
Support: 24.00 | 22.00

Silver price outlook: The break below the green dashed support line has caused sideways action. If the price of Silver-Futures falls below the 2016 high, the outlook turns into negative. For further rising prices, the resistance at $30 can determine the further development.

Silver Price Outlook: Weekly Chart continues sideways action

Last Update: June 03, 2021

The Silver price on the weekly chart shows a sideways correction after creating the 2020 high.

Silver price forecast - weekly chart with persistent sideways action
Silver price forecast: Sideways movement at around $ 28 (Chart: TradingView)

Resistance:  29.91 | 32.48
Support: 22.00 | 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, the 2020 high at 29.91, was testet for resistance. On the flip side, a drop of silver prices below the 2016 high could turn the positive chart picture to negative.

Silver Price Forecast: Monthly Chart showing breakout

Last Update: June 03, 2021

The Silver price on the monthly chart shows a breakout move above the 2016 high. After reaching an all time high at $49.82 in the year 2011, the price created a sideways base. This base was disrupted in the year 2020 by a low at $11.64, which was followed by a massive upwards move up to nearly $30.00.

Silver price forecast of monthly chart showing breakout above 2016 high
Silver price forecast: Prices around $28 (Chart: TradingView)

Resistance: 29.91 | 32.48
Support: 21.44 | 21.22

Silver price forecast: We see an established short term uptrend, so probabilities favor a continuation of the Silver price advance. Next important price target could be the 2020 high at $29.91. Major support is the price zone around $21.50 (2008 high and 2016 high).

Silver Price Forecast: Quarterly Chart showing uptrend

Last Update: June 03, 2021

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 in reach of the 2020 high at $29.91.

Silver price forecast of quarterly chart showing uptrend with prices near $28
Silver price predictions: Prices around $28 within reach of 2020 high (Chart: TradingView)

Resistance: 29.91 | 32.48
Support: 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 2020 high at $29.91. Major support is the price zone at $21.50 (2008 high and 2016 high).

Silver Price Predictions: Historical Chart – Yearly Chart

Last Update: June 03, 2021

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 may now approach the 2020 high at $29.91.

Silver price predictions based on historical chart by yearly timeframe
Silver price predictions: Long term uptrend (Chart: TradingView)

Resistance: $32.48
Support: $21.22

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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