We recommend that you always do your own research and that you consider the latest news about the price of silver, market trends, technical and fundamental analysis and expert opinion before making any investment decision. 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). The increase in demand for silver from the photovoltaic solar energy sector could receive a boost in the coming years that could support the value of silver in the future. Silver maintains its long-term value and works well when interest rates are low and fixed income investments don't generate large returns.
Whether silver is the right investment for you depends on your risk tolerance, market prospects, and whether you expect it to rebound or fall further, among other factors. Although prices have fallen during these periods of the year, it has also been observed that the lowest price of gold and silver was higher than the lowest price of gold and silver in the previous year. Whether used to diversify a portfolio or as a direct hedge against inflation, silver stands as a smart investment in the current climate.