Silver finished 2020 with a price between $26 and $27, which was an increase from the $18 price at the start of the year. Many experts predict the price to continue growing throughout 2021. Here is a breakdown of the latest 2021 silver price forecast.
Certified Gold Exchange – $36.25
Certified Gold Exchange has set a price forecast of $36.25 per ounce of silver by the end of 2021.
Bank of America – $29.13
In the middle of 2020, Bank of America predicted that the price of silver will reach $50 in 2021. However, the company later revised its prediction to $29.13 per ounce.
Nicoya Research – $55
Nicoya Research, which also had an optimist outlook for gold prices, expects silver to reach $55 per ounce in 2021.
JP Morgan – $26.50
JP Morgan does not expect the price of silver to change much during 2021, with a forecast of $26.50 per ounce.
Morgan Stanley – $50
Morgan Stanley set a price target of $50 per ounce of silver, which is one of the most optimistic forecasts from a major company.
HSBC – $34
HSBC, which is one of the largest investment banking companies, predicts the price of silver to reach $34 per ounce. The bank increased its forecast from a previous estimate of $32 per ounce.
Goldman Sachs – $32.20
Goldman Sachs updates its 2021 silver price forecast, increasing the price target from $31.10 to $32.20.
CIBC – $32
CIBC is a Canadian bank that maintains a relatively bullish outlook, with a 2021 silver forecast of $32 per ounce.
Metals Focus – $30
Analysts working at Metals Focus predict that the price of silver will reach $30 or higher by the end of the year.
BNP Paribas – $23.50
The senior economist at BNP Paribas is one of the few to offer a bearish outlook, predicting the price of silver to decrease to $23.50 per ounce in 2021.
UBS Group – $27
Strategists at UBS Group predict the price of silver to reach $30 by the end of the first quarter before leveling off at around $27 per ounce.
CITI Group – $40
CITI Group set an optimistic prediction of $40 per ounce by the end of 2021, due to increased industrial demand and investor demand.
Capital Economics – $26
Analysts at Capital Economics forecast the price of silver to hover between $25 and $27 per ounce by the end of 2021.
Wallet Investor – $26.50
Wallet Investor, which is a website dedicated to financial advice, predicts the price to decrease to $23.80 per ounce before reaching a high of $26.50 by the end of the year.
GOV Capital – $36.35
The investment website GOV Capital has set a price target of $36.35 based on their prediction system.
Investing Haven – $30
Investing Haven has a team of researchers who predict the price of silver to reach at least $30 per ounce.
NASDAQ.com – $60
Analysts at NASDAQ.com have the most optimistic price prediction for silver, estimating that the metal will reach a price of $60 per ounce.
Silver Phoenix – $29.82
The experts at the Silver Phoenix investment company set a price forecast of $29.82 per ounce.
AUDToday.com – $39.63
Australian Dollar Today (AUDToday) predicts that the price of silver will reach $39.63 per ounce by the end of 2021.
What Is the Average 2021 Silver Price Forecast?
Most investors forecast a significant increase in the price of silver for 2021. Many of the lower estimates are around $26 to $28 while the upper estimates are closer to $50.
Certified Gold Exchange has a price target of $36.25 for silver. However, estimates can change based on new developments throughout the year. Continue to check back for the latest news, technical analysis, and updates.
Due to changing outlook for the 2021 silver price please call our exchange pricing experts for up-to-date forecasts.
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Categories: Silver Investing