Silver Price Sees Aggressive Long-Term Forecast of $1,100 by 2031
The silver price has been trading near $60, but one analyst thinks this move could eventually lead to much bigger things.
A long-term chart by THE FUDA on X maps out a scenario where silver first completes its current correction around $50, with a possible overshoot toward $46, before beginning a multi-year advance.
The forecast becomes extremely aggressive from there, predicting that silver could potentially rally toward $600, correct back toward roughly $220, and then begin one final major advance toward $1,100 per ounce by around 2031.
The analyst's chart starts with a potential bottom at $46-$50, which would be the end of the current corrective phase. From there, silver is expected to move from around $50 toward approximately $600, representing a gain of more than 1,000% from the proposed bottom.