Will Silver Go Up? Our Predictions for 2025

Silver is having a standout year in 2025, recently breaking above $35 per ounce in June for the first time in more than a decade. This surge builds on its long-term outperformance, as silver has continued to edge out gold both over the past year and the past five years.

Investor interest in silver is heating up—and for good reason. A tightening supply, strong industrial demand from sectors like solar, electric vehicles, and artificial intelligence, and rising interest from central banks are all helping push silver prices higher.

But how high can it go from here? In this article, we’ll explore what analysts expect, what factors are driving silver’s rise, and what it could mean for your investments.

Table of Contents

1. Is silver going up?
2. How high will silver go? Silver price predictions for the next 5 years
3. What is the silver price forecast for the next 10 years? 
4. What the future price of silver means for your investments
5. How to keep an eye on the silver report

Is silver going up?

Silver is already rallying in 2025, supported by strong industrial demand and a tightening supply market. Artificial intelligence is one of the fastest-growing sectors right now, and its chips and data centers both require plenty of silver.

However, it’s not just data centers and chipmakers that need silver. The precious metal is a key component in renewable energy products and initiatives, such as solar panels, electric vehicles, and energy storage systems.

About 33.9% of silver goes into electronics. This number could increase further as demand for artificial intelligence infrastructure and clean tech continues to grow. Meanwhile, only 5% of gold goes into electronics, highlighting silver’s unique position as both an industrial metal and a store of value.

More countries are accumulating silver

While central banks have historically focused on gold for reserves, some are beginning to expand into silver as well. The Russian Central Bank, for example, has been increasing its silver holdings—potentially putting other central banks on notice.

This shift could lead to broader institutional interest in silver. Investors may follow suit, especially as silver continues to outperform gold over the past five years. Some may choose to diversify into both precious metals rather than just one.

Tailwinds should continue

Silver’s industrial value is a crucial factor driving up prices, and most sectors using silver have promising growth trajectories. The AI industry is projected to maintain a 36.6% compound annual growth rate (CAGR) through 2030, and Grandview Research anticipates a 32.5% CAGR for the global electric vehicle market over the same period.

Silver has more industrial usage than gold, which helps explain the return gap between the two metals. Any slowdown in tech or clean energy could dampen price gains temporarily, but most companies remain committed to multi-year investments in infrastructure. That suggests continued demand for silver throughout the rest of the decade.

Predicting silver’s performance requires understanding the broader economic landscape. Demand for silver remains strong due to its use in electronics, but if future growth is already priced in—like AI stocks in 2024—it may be overvalued. 

Prices rely on supply and demand; increased mining amid an economic slowdown could drive prices down. Compared to other metals, silver’s industrial use makes it appealing, but commodity trading remains challenging.

How high will silver go? Silver price predictions for the next 5 years

Silver looks likely to march higher, but how far can the precious metal go? Based on compounded annual returns, rising industrial demand, and increased buying from central banks and individual investors, the metal could exceed $50 or even $100 per ounce. Here’s how.

Will silver hit $30 an ounce? 

Silver has already surpassed $30 an ounce. Silver reached this milestone in the second quarter of 2024. It’s the first time silver has reached that price point since 2013. Silver’s tailwinds suggest that it can stay above $30 an ounce for the long run.

Will silver hit $50 an ounce?

Silver needs to generate an annualized 9.5% return to reach $50 per ounce by 2030. It’s already up by about 24% year to date and has delivered strong double-digit gains over the past 12 months. 

Due to these factors and the rising demand for silver, the metal could reach $50 an ounce over the next five years. Silver reached $35 an ounce again in June 2025, its highest price in over a decade.

Many analysts now expect silver to land in the mid-to-high $40s by year-end, with some calling for a $50 breakout if industrial demand accelerates.

Will silver hit $100 an ounce?

While technically possible, reaching $100 would require an exceptional multi-year rally—likely driven by sustained industrial booms, aggressive central bank buying, and supply limitations.

For silver to reach $100 an ounce by 2030, AI and renewable energies must remain hot in demand for many years. A $100 per ounce price point also becomes more realistic if the Russian Central Bank’s silver purchases trigger more aggressive purchasing from other central banks.

Keep in mind that they could increase the mining of silver in that time. More supply = lower price.

Silver is more likely to reach $50 per ounce over the next five years than $100. Some who are bullish on silver believe it will reach $77 before 2028. That price target assumes an extended rally, especially between 2027 and 2028, which would need to outpace typical annual gains.

What is the silver price forecast for the next 10 years? 

Silver’s strong 2025 rally has reaffirmed investor confidence in its long-term value—both as an industrial asset and a monetary hedge. While one-year and five-year price targets suggest promising growth prospects, some investors may wonder what the precious metal will look like in 10 years.

Looking 10 years ahead is more difficult, especially with uncertainty around how long the AI boom will sustain its current pace. Demand from sectors like clean energy and advanced manufacturing could evolve significantly in that time, affecting long-term price trajectories.

Still, if current structural trends continue, many analysts believe silver could sustainably trade well above its historical average—potentially in the $50 to $75 per ounce range by 2035.

What the future price of silver means for your investments

Silver has multiple catalysts that can lead it to higher levels over the next few years. It’s outperformed gold year-to-date and over the past five years, but the gains may not be finished. Here are ways you can prepare for rising silver prices.

Precious metals IRA

Precious metals IRAs allow you to buy gold, silver, and other precious metals while enjoying tax advantages. Traditional IRAs let you defer taxes until you distribute the money, while you won’t pay any taxes on withdrawals from a Roth IRA. A Roth IRA also shields you from any taxes on your capital gains.

Gold IRA providers store gold, silver, and other assets on your behalf, handling secure storage, insurance, and IRS compliance. This allows you to benefit from asset appreciation without managing safekeeping or regulatory requirements yourself.

Precious metals IRA providers let you buy gold and silver directly as well, in addition to the contributions you make to your retirement account. That way, you can continue to buy gold and silver for yourself after you reach the maximum contribution amount for your IRA.

How much silver should investors have?

Each investor must consider their risk tolerance and long-term financial objectives before deciding how much silver to accumulate. However, the general consensus is to allocate 5% to 10% of a portfolio to precious metals.

You can invest in gold and silver to further diversify your portfolio. Having many assets in a portfolio minimizes risk and can help you capitalize on additional opportunities.

I generally advise keeping precious metals to 5% or less of your investable net worth. If you’re investing in silver for growth, consider AI, EV stocks, or energy instead. As an inflation hedge, gold has historically performed better, and money markets or CDs offer comparable protection with yield. Precious metals aren’t a one-size-fits-all solution—consider your goals before investing.

Is silver expensive?

Silver isn’t too expensive on a per-ounce basis, costing a little more than $35 per ounce (in June 2025). For perspective, gold costs more than $3,300 per ounce. 

The gold-to-silver ratio currently sits around 94, down from 105 earlier this year. While still high by historical standards, this decline suggests silver is gaining strength relative to gold. Historically, when the ratio is high—meaning silver is relatively cheap compared to gold—it often signals potential upside for silver. Many investors see a range between 80 and 100 as favorable for silver’s future gains.

Silver’s heavy industrial use gives it more upside during economic growth, but it also makes the metal more sensitive to slowdowns. If global manufacturing and tech investments continue to expand, silver could maintain its upward trend.

How to keep an eye on the silver report

You can check silver futures to see price fluctuations in the precious metal. You can also visit Priority Gold, which offers some of the best price charts for silver and other precious metals. 

Staying on top of spot silver prices will help you stay on top of the current cost of an ounce of silver. However, these charts also let you see historical trends. While most people will benefit from a buy-and-hold approach, some technical analysts look at price movements and chart patterns to predict the next move.