Market Volatility: Silver has experienced significant volatility, dropping about 16% from record highs before rebounding, with expectations of prices potentially reaching $200 or even $500 soon.
Political Tensions: Escalating unrest in Iran and a criminal probe involving Federal Reserve Chair Jerome Powell are seen as key triggers for market fluctuations, impacting investor sentiment towards safe-haven assets like gold and silver.
Record Highs: Both gold and silver surged to fresh record highs recently, driven by geopolitical risks and concerns over U.S. economic stability, with gold surpassing $4,600 and silver jumping nearly 6% to $84.62.
Investor Sentiment: Despite the surge in precious metals, retail sentiment remains bearish, particularly for silver and gold ETFs, indicating a cautious outlook among investors despite recent gains.
Wall Street analysts forecast SLV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast SLV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 83.960
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Current: 83.960
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
