Traders Bullish on Silver Target Price of $147 Amid Inflation Concerns
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Silver Target Price: Traders project a bullish target price of $147 per ounce for silver, primarily driven by industrial demand and inflation concerns, indicating strong market optimism despite current prices being significantly below this target.
- Market Dynamics: Although there is no direct correlation between cryptocurrency markets and silver prices, traders insist that silver's potential remains underappreciated, emphasizing its importance as an inflation hedge, with a target of $147 achievable by 2026.
- Investor Confidence: Notable trader Peter Schiff emphasizes that silver is far from overbought, and the ongoing industrial demand coupled with inflationary pressures will drive its price upward, reflecting broader financial market dynamics.
- Market Adjustment Expectations: Analysts suggest that a leap in silver prices to $147 would signify substantial market adjustments, although there are currently no indications of direct impacts on cryptocurrency assets, highlighting the distinct paths of precious metals and digital assets.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
