In addition to the established industrial uses of silver in the fields of electronics and medicine, silver will also play an important role in the industries of the future. While this method of predicting the price of silver doesn't give us any specific deadline, it does support the idea that the price of silver will be measured in hundreds of dollars per ounce over the next 10 years (the duration of a secular bull market, as mentioned above). Market volatility means that some investors will sell silver to cover losses in other parts of their investment portfolios. It is also in line with data from the Silver Institute, which predicts that silver will remain in a global supply deficit in the coming years.
Historically, and compared to other major investment assets, silver would continue to be relatively undervalued at this price level. Any forward-looking statement regarding the silver price forecast should not be used or interpreted as investment advice. I still have good reason to believe that silver is an undervalued asset compared to other investments.