For the silver price, we base our forecasts on analyses from various reputable financial institutions and historical returns.
These forecasts are not a guarantee or financial advice, but an estimate based on historical data and current market developments.
The silver price is expected to be driven in 2026 by rising industrial demand, especially from applications in electronics, batteries, and solar energy.
J.P. Morgan lowered its silver price forecast further in August. Where it previously expected a silver price of $81, J.P. Morgan now expects an average silver price of $70 in 2026, with an expected price of $63 in the fourth quarter of 2026.
Goldman Sachs expects the silver price in 2026 to trade on average within the range of $85 to $100 per troy ounce.
According to the LBMA precious metals survey of 31 analysts, the median forecast silver price for 2026 is around $80.
Forecast 2026
Last updated: August 27, 2026, 15:10
per troy ounce
For 2027, J.P. Morgan expects a lower average silver price than in 2026. The financial institution forecasts an average silver price of $63 per ounce in 2027.
HSBC raised its forecast in May 2026 and now expects a slightly higher silver price of $68 per troy ounce in 2027.
Forecast 2027
Last updated: August 27, 2026, 15:10
per troy ounce
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By 2030, many experts expect that above-ground silver stockpiles will largely be depleted due to industrial use, which could logically drive a sharp increase in the silver price.
Assuming a price of around $65 in 2027 and an average long-term return of 8% per year, the silver price in 2030 could reach well over $80 per troy ounce.
Forecast 2030
Last updated: August 27, 2026 15:10
per troy ounce
No concrete forecasts have been published by the aforementioned parties for 2040 yet. If we assume an average price of around $80 per ounce in 2030 and silver's average long-term return (around 8% per year), we can estimate price developments up to 2040.
This means the silver price in 2040 is expected to be around $175 per troy ounce.
2040 forecast
Last updated: August 27, 2026 15:10
per troy ounce
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Industrial demand:
Silver is essential in technology, solar energy, and electric cars, which increases demand.
Supply and mining:
New discoveries, investment in mining, and recycling affect the available supply.
Economic conditions:
Inflation, interest rate policy, and exchange rate developments, especially of the dollar, are crucial.
Geopolitical tensions:
Uncertainty and global crises often lead to higher demand for silver as a safe haven.
At GoldRepublic, you can buy silver of high quality, sourced from LBMA-certified refineries and stored in third-party managed vaults.
You can start with a small deposit and also periodically save in silver, automatically buying silver at the current market price. The silver you buy or save through GoldRepublic can also always be sold back to us.
Thanks to our years of experience and transparent storage methods, you are assured of a safe and reliable investment.
The content of this article is informational and based on facts and analysis. It does not constitute investment advice or a guarantee of returns. Investing always involves risk.
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