Silver Futures Surge: Silver futures reached a record high, increasing over 3% and achieving a 15% monthly gain, driven by strong industrial demand and anticipated rate cuts next year.
Spot Silver Performance: Spot silver rose 3.4% to $65.93/oz, marking a 127% increase this year, following a significant breakout from a long-term holding pattern.
Market Speculation: Analysts note that silver is becoming a speculative asset in the options market, with positive demand outlooks linked to its role in green energy and tight supply dynamics.
Impact on Mining Stocks: The surge in silver prices is expected to benefit mining stocks, with companies like Aftermath Silver and Coeur Mining anticipated to perform better in the current market environment.
Wall Street analysts forecast SIL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SIL 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 SIL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SIL 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: 102.280
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Current: 102.280
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Averages
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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.