Will Silver Go Up? Our Predictions for 2025

Silver has slightly outperformed gold over the past five years and also held onto a lead over the past year. Although gold has gained 37% over the past year, silver has increased by more than 40% in the same amount of time. 

It’s no surprise that investors are bullish about silver, but how high can it go? Discover what expert analysts think about the price of silver and what can cause it to soar higher.

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 looks poised to rally this year due to its demand across high-growth industries. Artificial intelligence is the hottest sector 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 and electric vehicles. 

About 33.9% of silver goes into electronics. This number can pick up a bit as the demand for artificial intelligence chips and data centers continues to grow. Meanwhile, only 5% of gold goes into electronics.

More countries are accumulating silver

It’s important to know how the demand for gold and silver differ because silver is expanding on a massive opportunity that’s been powering up gold prices for decades. Central banks have been accumulating gold for many years as an inflation hedge, but some banks are also starting to buy silver for the same reason.

The Russian central bank is accumulating more silver and can put other central banks on notice. While these banks have stored silver in the past, competition from the banks can ramp up purchases and boost demand for the precious metal.

Investors may follow suit and buy up more silver. Higher returns certainly increase this possibility. Some investors may be satisfied knowing silver has outperformed gold over the past five years and opt to buy both precious metals instead of just one.

Tailwinds should continue

Silver’s industrial value is a crucial factor driving up prices, and most industries have promising growth trajectories. The AI industry is projected to maintain a 36.6% compound annual growth rate (CAGR) from now until 2030, and Grandview Research anticipates a 32.5% CAGR for the global electric vehicles market from now until 2030.

Silver has more industrial usage than gold, which explains the gap between the two assets’ returns. Any slowdowns in industrial usage can tamper with silver’s price gains. However, many tech companies remain committed to spending billions of dollars on AI chips and infrastructure, suggesting a strong demand for silver. 

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 8% year to date and has rallied by 44% over the past year. 

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 as recently as October 2024. 

Some experts think the asset can reach $50 per ounce as early as this year. Most analysts believe silver will end up in the $40s by the end of 2025.

Will silver hit $100 an ounce?

The path to $100 an ounce is more challenging. It requires silver to generate an annualized 25.5% return over the next five years. Silver did better than that last year, but it’s a tough ask to expect any asset to deliver consistent 44% returns each year.

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 requires a strong surge in 2028 to reach $100 per ounce in five years. 

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

Silver has bullish investors who appreciate the value of a precious metal with strong industrial and monetary uses. 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.

It’s harder to set a 10-year price target because it’s unknown whether the growth in AI spending will slow down in the back half of the projection. The demand for various industrial products and services can also change significantly, affecting silver price forecasts.

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.

Tip

Priority Gold, one of our highest-rated precious metal IRA providers, offers up to $10,000 in free silver for eligible accounts.

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 $32 per ounce (in February 2025). For perspective, gold costs more than $2,800 per ounce at the time of writing. 

The gold-to-silver ratio indicates that you currently need 89 ounces of silver to buy one ounce of gold. That’s similar to the ratio silver held for most of 2024. Historical data suggests that a gold-to-silver ratio in the 80-to-100 range is favorable for silver.

Silver’s industrial usage can help it gain more than gold, but the metal is also more vulnerable to any economic slowdowns. If the economy continues to grow, silver should continue to benefit.

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.