The ratio between gold and silver bullion prices shows how many ounces of silver are needed to purchase an ounce of gold. While believes that the bond that binds silver to gold must be broken, the reality is that most of the same factors that determine the price of gold also move silver. The principal factors influencing the silver price are the supply and demand, the global economy and the gold-silver ratio.

Most industry analysts predict that silver prices will move upward in the fifth year and predict that they will remain at about $30. The Canadian Bank (CIBC) is also betting on silver and sees prices averaging $32 an ounce next year. Before we go any further, it is helpful to consider the gold price as a driver when trying to understand the silver price development of the last year.

Given the crucial role of silver as a hedge against modest growth in expected industrial demand, a January Scotiabank report estimated that silver prices could range from $15 to $23 a year. The bank said it sees silver averaging $29.13 an ounce next year, with prices rising to $31 an ounce.

The silver market enjoyed a breakneck rally, with prices doubling after falling to a multi-year low of $12 an ounce in March. Experts at the World Bank predict that the silver price will increase in 2020 to an average of $17 per troy ounce and continue to remain stable for the next 10 years.

There are many reasons to believe that the price of silver will rise in the future, but going from $16 an ounce in three years to triple digits seems unlikely and is a better bet than oil. Other industry experts believe that the gold price peaked during the economic crisis and will fall in the next few years as the economy recovers and will be less worth per ounce than it is today. Gold is not a short-term investment, and although it will be lower over the next 5 years, the price is likely to rise over 10 years.

According to the World Bank, silver’s near-term price forecast is $16.91 an ounce by the end of 2019. The long-term forecast for 2030 predicts a significant decline of the commodity price to $13.42 per ounce (MAIA 2018-G). In 2019, the silver price was $162 per ounce, ranging from $156 per ounce in the first half of the year to $171 per ounce in December.

The supporting narrative is that the gold-silver price ratio has risen from a 30-year average of 67% to 80%, implying considerable turbulence in the market. In the case of gold, and hence of silver, the main price driver is not so much supply and demand, but uncertainty.

Although I do not anticipate any serious near-term fundamentals to impact gold and silver, there are many uncertainties in predicting future changes in the world in terms of money, digital economy and technological change, as new technologies enable new capabilities.

I expect technology to inflate gold at the current pace, but silver will not benefit in the same way from technological advances. I encourage you to consider the silver price at the end of the next few years as it represents a compelling investment opportunity for the foreseeable future. We can look forward to long-term silver price forecasts and technical analyses.

I have made my own predictions based on key factors and experiences which are likely to affect the silver price and my view of current gold and silver prices for the next five years. The value of this interactive article is that you can use this article to find out what the price of silver will be this week or next.

The price forecasts and the future data suggest that Reddit might be disappointed by silver prices in the coming years. Aubullion says that his three-digit silver price forecast assumes that the price of the yellow metal does not increase, and he does not see that in the long term. In fact, total silver production has fallen this year for the first time since 2011.

Looking at the price of silver over the next few years, dilution of the money supply will be the biggest catalyst. Interest rate cuts will have a positive impact on physical silver and silver bullion prices because it is more profitable to invest in precious metals than to earn interest when interest rates are low.