22 December 2023
Commerzbank’s latest analysis suggests that the price of silver, currently at around $24 and consistent with its level at the beginning of the year, is poised for a significant increase. The bank forecasts a rise in silver prices to $30 by the end of 2024, driven by growing industrial demand, particularly in “green” sectors. This prediction comes after the Silver Institute’s recent upward revision of industrial demand for silver. Additionally, Metals Focus anticipates a continued deficit in the silver market.