Silver has long been used in the fields of electronics and medicine, and it is set to play an even more important role in the industries of the future. Market analysts predict that the price of silver will reach hundreds of dollars per ounce over the next 10 years, which is in line with data from the Silver Institute that suggests silver will remain in a global supply deficit. Investors should be aware that market volatility can cause them to sell silver to cover losses in other parts of their investment portfolios. However, historically silver has been relatively undervalued compared to other major investment assets, and this could still be the case at this price level.
It is important to note that any forward-looking statement regarding the silver price forecast should not be used or interpreted as investment advice.