Silver Just Shattered A 14-Year Ceiling - Could $50 Be Next?
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Silver Price Surge: Silver has surpassed $35 per ounce for the first time since 2011, driven by factors like a weakening U.S. dollar and strong industrial demand, with analysts predicting potential growth towards $50.
Investment Opportunities: Investors are encouraged to consider silver-focused funds like iShares Silver Trust (SLV) or ProShares Ultra Silver (AGQ) as silver's bullish momentum continues, despite some caution signs in technical indicators.
Analyst Views on SLV
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.
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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.
