17 November 2023
Silver prices are projected to reach a bullish target of $34.70 in 2024, with potential to climb to $48 soon after, possibly by mid-2025. This forecast is based on the confirmation of a topping pattern in Yields and the weakening momentum of the US Dollar, which positively influences precious metals. Key indicators like inflation expectations and the silver Commitments of Traders (CoT) report support a strong bullish trend for silver in 2024. The rise to near $36 USD will likely pave the way for silver to approach its all-time highs. Silver is tipped as the precious metal to watch in 2024.