Silver Forecast & Price Predictions Q2 2024: Breakout from a three-and-a-half-year range

Silver spot costs exceeded gold in 2024, rose nearly 40 % in the first half of this year, and tested a historic maximum of $ 32, 7 at the end of the second quarter. According to a questionnaire survey on silver by the World Silver Institute, this rise increases geopolitical dangers, expectations for US interest rates, and silver demand from industry. It is said that recorded a record high has contributed.

This was promoted by the increase in demand from the Green Economy, which covers the solar industry that converts solar power and light into electricity.

It is said that the demand for silver is "higher" proposal of last year, and this shortage will last until the fourth year of 2024.

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Silver Forecast & Price Prediction – Summary

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Demonstration

The worst and worst prospects of silver depend on the two points mainly:

Silver Forecast 2024 - Fundamental Outlook: On track for a 4th straight yearly supply deficit

Investors are paying attention to the worst lunar interest rates, as the rise in interest rates by the US Federal Reserve and other central banks can affect valuable metals and other commodity costs. Masu. < SPAN> Silver's spot cost exceeded gold in 2024, rose nearly 40 % in the first half of this year, and tested a historic maximum of $ 32, 7 at the end of the second quarter. According to a questionnaire survey on silver by the World Silver Institute, this rise increases geopolitical dangers, expectations for US interest rates, and silver demand from industry. It is said that recorded a record high has contributed.

This was promoted by the increase in demand from the Green Economy, which covers the solar industry that converts solar power and light into electricity.

It is said that the demand for silver is "higher" proposal of last year, and this shortage will last until the fourth year of 2024.

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Monitoring silver rates in the 2-quarter of 2024: Long "Bull" trends are persuasive to raise the rate in the maximum week by combining the mediu m-term "bull" flag and the shor t-term "bull" bumple. We will ship a certain technical shipment. In fact, silver is predicted to reach one important goal of 2024, $ 34, 70.

Silver demand heads for a fresh record high

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Forecast of the silver market in 2024: Silver costs will increase to a fresh and historic maximum in 2024 depending on the monitor. For example, if the universal demand on the arte l-based for silver "exceeds last year's proposal", this shortage will last for four years in 2024 orders. Silver can reach up to $ 48 this year due to geopolitical issues and severe elections.

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The price of silver is a view of five years later. The direction of silver is closely influenced by the weak pace of industrial production and the low attention from traders around the world. However, if the concerns about the energy change afterwards are accompanied by the rise in the masses, the cost of silver should increase $ 50.

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Demonstration

Silver outpaces gold’s rise

The worst and worst prospects of silver depend on the two points mainly:

Investors are paying attention to the worst lunar interest rates, as the rise in interest rates by the US Federal Reserve and other central banks can affect valuable metals and other commodity costs. Masu. Silver spot costs exceeded gold in 2024, rose nearly 40 % in the first half of this year, and tested a historic maximum of $ 32, 7 at the end of the second quarter. According to a questionnaire survey on silver by the World Silver Institute, this rise increases geopolitical dangers, expectations for US interest rates, and silver demand from industry. It is said that recorded a record high has contributed.

This was promoted by the increase in demand from the Green Economy, which covers the solar industry that converts solar power and light into electricity.

It is said that the demand for silver is "higher" proposal of last year, and this shortage will last until the fourth year of 2024.

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Monitoring silver rates in the 2-quarter of 2024: Long "Bull" trends are persuasive to raise the rate in the maximum week by combining the mediu m-term "bull" flag and the shor t-term "bull" bumple. We will ship a certain technical shipment. In fact, silver is expected to reach $ 34, 70, one important goal of 2024.

Supply deficit and investor interest

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Forecast of the silver market in 2024: Silver costs will increase to a fresh and historic maximum in 2024 depending on the monitor. For example, if the universal demand on the arte l-based for silver "exceeds last year's proposal", this shortage will last for four years in 2024 orders. Silver can reach up to $ 48 this year due to geopolitical issues and severe elections.

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The price of silver is a view of five years later. The direction of silver is closely influenced by the weak pace of industrial production and the low attention from traders around the world. However, if the concerns about the energy change afterwards are accompanied by the rise in the masses, the cost of silver should increase $ 50.

Detect the score

Demonstration

The worst and worst prospects of silver depend on the two points mainly:

Investors are paying attention to the worst lunar interest rates, as the rise in interest rates by the US Federal Reserve and other central banks can affect valuable metals and other commodity costs. Masu.

Investment Demand

Industrial Demand

Mine supply

Green Demand

The whereabouts of the Middle East and Russia are considered an important issue for metal prices, but for example, silver is a concrete "safe evacuation center" in the current criteria for decline. This is because demand remains. This year, this year is expected to continue the world, and the economy is limited, so this trend will continue in the future.

Technical Silver Price Forecast Q3 2024

Evaluate the position of the silver market, experts will change to the main field on the right: proposals for mining, normal industrial demand, investment in demand, and "green" demand.

In addition, silver has continued to rise in global silver prices in response to the soaring global silver prices and rising global silver prices. This year, silver exceeded the rise of gold.

Silver demand will increase by 11%by 2023 and is expected to reach a record high of 654. 4 million oz.

In 2023, it was reported that silver demand increased 11%and reached a record high of 654 million ounces. It has been reported that the demand for silver will increase by 11%by 2023 and reach a record high of 654. 4 million oz.

According to the report, the demand of silver last year "greatly exceeded the global proposal."

High silver demand forecasts: Metals Focus

Silver is expected to run out of 184 million in 2023. This is the last two indicators, and the shortage of 2022 is 263. 5 million oz.

Against this background, it is possible to wait for the silver market to rise to rising the most.

Silver Forecast and Price Predictions 2024

Source: Capex Webtrader (TradeingVie w-Hitlists)

According to the latest monitoring and tracking of the gold market, silver rose by about 40%and gold increased by about 20%. < SPAN> In addition, the whereabouts of the Middle East and Russian situation are considered to be an important problem for metal prices, but for example, silver is used as a "safe evacuation center" in the current decline criteria. This is because specific demand remains. This year, this year is expected to continue the world, and the economy is limited, so this trend will continue in the future.

The important thing here is that silver actually has two roles. It is a valuable metal that plays the role of currency and an industrial metal, and its applications are diverse and expanded every day. Of course, it is used in jewelry, silver dining rooms and other items, but value predictions occur in two major functions ...

Evaluate the position of the silver market, experts will change to the main field on the right: proposals for mining, normal industrial demand, investment in demand, and "green" demand.

In addition, silver has continued to rise in global silver prices in response to the soaring global silver prices and rising global silver prices. This year, silver exceeded the rise of gold.

Silver demand will increase by 11%by 2023, which is expected to reach a record high of 654. 4 million oz.

In 2023, it was reported that silver demand increased 11%and reached a record high of 654 million ounces. It has been reported that the demand for silver will increase by 11%by 2023 and reach a record high of 654. 4 million oz.

According to the report, the demand of silver last year "greatly exceeded the global proposal."

High silver demand forecasts: Metals Focus

Silver is expected to run out of 184 million in 2023. This is the last two indicators, and the shortage of 2022 is 263. 5 million oz.

Against this background, it is possible to wait for the silver market to rise to rising the most.

Source: Capex Webtrader (TradeingVie w-Hitlists)

According to the latest monitoring and tracking of the gold market, silver rose by about 40%and gold increased by about 20%. The whereabouts of the Middle East and Russia are considered an important issue for metal prices, but for example, silver is a concrete "safe evacuation center" in the current criteria for decline. This is because demand remains. This year, this year is expected to continue the world, and the economy is limited, so this trend will continue in the future.

The important thing here is that silver actually has two roles. It is a valuable metal that plays the role of currency and an industrial metal, and its applications are diverse and expanded every day. Of course, it is used in jewelry, silver dining rooms and other items, but value predictions occur in two major functions ...

Evaluate the position of the silver market, experts will change to the main field on the right: proposals for mining, normal industrial demand, investment in demand, and "green" demand.

In addition, silver has been rising global silver prices following soaring silver prices and rising global silver prices. This year, silver exceeded the rise of gold.Silver demand will increase by 11%by 2023 and is expected to reach a record high of 654. 4 million oz.In 2023, it was reported that silver demand increased 11%and reached a record high of 654 million ounces. It has been reported that the demand for silver will increase by 11%by 2023 and reach a record high of 654. 4 million oz.

According to the report, the demand of silver last year "greatly exceeded the global proposal."

High silver demand forecasts: Metals Focus

Silver is expected to run out of 184 million in 2023. This is the last two indicators, and the shortage of 2022 is 263. 5 million oz. Against this background, it is possible to wait for the silver market to rise to rising the most.

Source: Capex Webtrader (TradeingVie w-Hitlists) According to the latest monitoring and tracking of the gold market, silver rose by about 40%and gold increased by about 20%.

According to Silver University's selective survey, "Traditional consideration, silver actually overtakes money in a bullish market, but this consideration has not been expressed until this point." It also reported that silver costs have been facing strict resistance in the $ 25 range since 2023. According to this survey, silver "did not achieve similar success", but gold was "a central bank and a lon g-term trader with a wide range of unusual assets, and distributed reserves and portfolios." He reports that he won.

This study also emphasizes the lon g-term results that China's decline in real estate caused the local economy, and how it had affected no n-ferrous metals, especially silver costs and demand.

After the actual investment decreased by 28%and the lowest level in three years, the huge amount of silver supply decreased by 30%yea r-o n-year. For the first time since 2018, the sale of silver ingots and coins has decreased by one year.

According to the selective surveys conducted by the Silver Association, this year's industrial demand has increased by 9%, it is likely to record a record high, and silver supply is expected to increase by 17%, which is expected to be 215. 3 million oz. 。

Leading indicators supporting the silver forecast & price predictions

In addition, the results of the Board of Directors held by the U. S. Federal Reserve (Fed) in March showed that the preliminary interest rate would be rapidly began, so the trader has attracted the attention of the trader to silver this year. It is said that it has grown in the quarter.

• According to the Silver University, the Fed is generally a "pigeon group" for 2025, and it is thought that interest rate reduction of 25 Basis points will be implemented three times this year, of which this is the first time this year. It will be implemented in the middle, but it is a condition that the inflation rate will continue to decrease.
• In the Silver Monitoring Report in 2024, the high correspondence between gold and silver could "attract some traders who saw silver as long opportunities, and could be interested in silver strong fundamentals. He says that it is not necessary to focus on recent decline.
• Silver transactions and investment methods
• According to this survey, silver "did not achieve similar success", but gold was "a central bank and a lon g-term trader with a wide range of unusual assets, and distributed reserves and portfolios." He reports that he won.

This study also emphasizes the lon g-term results that China's decline in real estate caused the local economy, and how it had affected no n-ferrous metals, especially silver costs and demand.

Gold Price & Gold/Silver Ratio

After the actual investment decreased by 28%and the lowest level in three years, the huge amount of silver supply decreased by 30%yea r-o n-year. For the first time since 2018, the sale of silver ingots and coins has decreased by one year.

According to the selective surveys conducted by the Silver Association, this year's industrial demand has increased by 9%, it is likely to record a record high, and silver supply is expected to increase by 17%, which is expected to be 215. 3 million oz. 。

In addition, the results of the Board of Directors held by the U. S. Federal Reserve (Fed) in March showed that the preliminary interest rate would be rapidly began, so the trader has attracted the attention of the trader to silver this year. It is said that it has grown in the quarter.

Prediction of a big proposa l-Key: Metal focus

According to the Silver University, the Fed is generally a "pigeon group" for 2025, and it is thought that interest rate reduction of 25 Basis points will be implemented three times this year, of which this is the first time this year. It will be implemented in the middle, but it is a condition that the inflation rate will continue to decrease.

He actually said in the latter half of this year, especially in the end of this year, which encourages investment in precious metals related to the next fall of profitability.

In the Silver Monitoring Report in 2024, the high correspondence between gold and silver could "attract some traders who saw silver as long opportunities, and could be interested in silver strong fundamentals. He says that it is not necessary to focus on recent decline.

However, the report has reported that the size of silver recovery is "could be suppressed by a weak real estate sector in China."

Silver transactions and investment methods

According to a selective survey by Space Silver University, "Traditional consideration, silver actually overtains money in a bullish market, but this consideration has not been expressed until this point." It also reported that silver costs have been facing strict resistance in the $ 25 range since 2023.

According to this survey, silver "did not achieve similar success", but gold was "a central bank and a lon g-term trader with a wide range of unusual assets, and distributed reserves and portfolios." He reports that he won.

Interest Rates Expectations

This study also emphasizes the lon g-term results that China's decline in real estate caused the local economy, and how it had affected no n-ferrous metals, especially silver costs and demand.

After the actual investment decreased by 28%and the lowest level in three years, the huge amount of silver supply decreased by 30%yea r-o n-year. For the first time since 2018, the sale of silver ingots and coins has decreased by one year.

According to the selective surveys conducted by the Silver Association, this year's industrial demand has increased by 9%, it is likely to record a record high, and silver supply is expected to increase by 17%, which is expected to be 215. 3 million oz. 。

Eur/Usd

In addition, the results of the Board of Directors held by the U. S. Federal Reserve (Fed) in March showed that the preliminary interest rate would be rapidly began, so the trader has attracted the attention of the trader to silver this year. It is said that it has grown in the quarter.

Prediction of a big proposa l-Key: Metal focus

According to the Silver University, the Fed is generally a "pigeon group" for 2025, and it is thought that interest rate reduction of 25 Basis points will be implemented three times this year, of which this is the first time this year. It will be implemented in the middle, but it is a condition that the inflation rate will continue to decrease.

Futures market (CoT)

He actually said in the latter half of this year, especially in the feet that encourage investment in precious metals related to the next autumn after profitability.

In the Silver Monitoring Report in 2024, the high correspondence between gold and silver could "attract some traders who saw silver as long opportunities, and could be interested in silver strong fundamentals. He says that it is not necessary to focus on recent decline.

However, the report has reported that the size of silver recovery can be suppressed by a weak real estate sector in China.

Silver transactions and investment methods

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Silver Price History

The XAG/USD pair has grown for the first quarter, including the impressive rise in gold described at the beginning of the silver and price monitoring. And the recent rally silver approaches the necessary resistance, close to $ 30, the maximum of 10 years.

Based on the models of the same chart and the doctrine of technical analysis based on past data, XAG/USD, as well, has the highest potential to refuse this technical ceiling where seller energy is concentrated. Was existed. Also, as mentioned in the previous silver technical analysis and price monitoring, there is a possibility that it will be moved to a new country.

Silver technical monitoring is becoming more and more positive, suggesting that $ 32. 50, a lon g-lasting maximum value of radiation, will soon be under pressure. The silver market combines lon g-term bullish trends, mediu m-term bullish flags, shor t-term bullish pennants, and are convinced that interest rates will be raised in several weeks to several months. There is.

The silve r-day chart allows three bright bullish settings, indicating that the direction of XAU/USD has risen in the highest week. The course change from early February has been pushing in outer space and pushing up silver without worrying about small deceleration from late June to early July.

The second pattern on the chart is a continuation pattern called "Bull Flag". This pattern has already exceeded the flag resistance line and suggests a subsequent rise.

The last techno figure on the daily chart is a shor t-term "bul l-penetration" and another continuation pattern. Breakout is highly approved than this pattern, and behind it is a bear absorption, a traditional reversal pattern of Japanese candlesticks.

The CCI indicator also indicates that silver is out of the extreme maximum zone.

Silver technical monitoring shows not only the continuation of bullish movements, but also fin e-tuning to the $ 30 level.

According to a silver institute expert monitoring, silver could reach $ 48 this year, as it is a year of geopolitical issues and severe elections.

In 2024, the demand for silver is expected to reach 2 billion grams and will be the second largest in the world.

According to the City Group Monitoring, silver could reach the maximum value of $ 30 in the latter half of 2024, while the inevitable help of the month (May) since February (May). Believed by the client looking for the next metal value,

According to their monitors, silver will grow in the hope of a decline in US interest rates and real profitability, which is likely to be in reversal of the rise in the US economy expected in 2024. Economists are waiting for the subsequent decline of US Treasuries and dollars (DXY is 96).

Komertz Bank predicts that silver costs will exceed $ 30 by the end of 2024. In 2024, negative factors, such as rising interest rates and sluggish investment demand, will weaken, and the increase in industrial demand will be the driving force for the rise.

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History of Silver

In 2024, the World Bank's product interest rate index is expected to fall by 4%, and in 2023 it will decrease by more than 20%. Silver prices dropped by 4%in 2024, fell by more than 20%in 2023, dropped by 4%in 2024, dropped by 20%or more in 2023, and 4%in 2024. It is expected that it will fall by more than 20%in 2023.

In addition, the price of silver in 2024 has been interpreted from EVs and solar energy, and is also likely to recover industrial demand.

The price of silver will reach a $ 34 and 70 cents in 2024. The silver price will reach the $ 34, 70 "1" bull "target" in 2024. Silver cost is expected to rise in 2024 as a result of the confirmation of a profitable "peak" model. USA Bucks already acknowledges that it will be higher.

JP Morgan experts announced their own monitoring for 2024 and emphasized gold and silver as the main metal this year. The bank predicts that the silver will break through the $ 30 in the near future, and is in fact it will be justified by a decline in interest rates and a decline in profitability in the United States.

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ANZ's research specialist Daniel Heades and Sonya Kumari followed the banks of the host, and the interest rates were raised higher than the dollar in the first half of 2024 due to an increase in industry and investment demand. I think it will be.Experts are usually tidyed in preparing for commodity lon g-term monitoring, but algorith m-based prediction services give a longer periodic surveillance rate."Silver will negotiate triple ounce and triple oz by the end of the quarter by monitoring, according to the Mas Macom model and experts in the trading economy. According to the web monitoring, silver will negotiate for $ 32, 05 by 12 months or by August 2024.Another forecast algorithm service GOV Capital announced a silver price forecast, according to the Silver at $ 27 in 2024. The platform believes that silver will grow to $ 40 by the end of December 2025, $ 58 by the end of 2026, and $ 122 within 2029. This is one of the most "bullish" predictions of silver prices for the next five years.Wallet Investor's silver price forecast for 2024 is neutral. The site believes that bullion will close for $ 27 in 2024. The silver price in 2025 is expected to be traded in a range of $ 26 and $ 28, and the silver price forecast for the next five years will exceed $ 28.His bookGreat Silver Bull

"See what my claim is happening in inflation and how other assets are suffering.

Abi Gilbert

David Morgan

• Randy Small Wood
• Thus, it can be seen that the silver price forecast in 2024 varies, despite "bullish" and "bearish".
• Be sure to investigate yourself before deciding on investment. And do not trade or invest more than the amount you can lose.