What will the price of silver be in 2030?
The short-term price prediction for silver is set at $16.91/toz by the end of 2019, according to the World Bank.
The long-term prediction to 2030 forecasts a significant drop in the commodity’s price, reaching $13.42/toz by then..
Is silver a good investment for the future?
In a down market, investors generally regard silver as a hold investment, meaning you should hold onto it for its future growth potential. Silver tends to hold its value during market lows and increases in value during bull markets. … But this doesn’t mean that silver is immune to a sell-off during a financial crisis.
What will gold be worth in 2030?
ANZ’s just released report `East to El Dorado: Asia and the Future of Gold’ says the price of gold could exceed $2,400 per ounce by 2030, more than double its current value of around $1,150.
What is the future of silver?
In 2020, mine production is expected to fall 5 percent to 797 million ounces, while overall global silver supply is projected to drop by 4 percent to 978 million ounces. That would be the lowest level in global silver supply since 2009.
Why silver is a bad investment?
One of the biggest dangers of silver is that price fluctuations can be less predictable than other commodities. Global demand for silver can influence its value, and if your portfolio includes silver, you may not be as easily able to predict what’s happening, especially outside of your own country.
Will silver hit $100 an ounce?
Silver has risen almost 100% since its recent lows. And there’s potential for much more. But it is the most fickle and frustrating of metals – it could hit $100 an ounce, or it could send you bankrupt.