Silver price forecast 2040 fund managers believe silver price

Fund managers believe silver price forecast 2040 hinges on warehouse stock patterns; persistent drawdowns on London Bullion Market inventory could induce a structural upward re-pricing phase, similar to the 1970s bull run. Price Prediction priceprediction.net › en › price-prediction In a December 2023 interview with Kitco , Neumeyer stressed that silver is more than just a poor man's gold and he spoke to silver's important role in electric vehicles and solar cells. In line with this view on silver, First Majestic is a member of a consortium of silver producers that in January 2024 sent a letter to the Canadian government urging that silver be recognized as a critical mineral. Silver's inclusion on the list would allow silver producers to accelerate the development of strategic projects with financial and administrative assistance from the government. Silver price forecast 2040 analysis shows upside momentum could intensify during speculative cycles tied to emerging market currency volatility, as silver serves as an alternative safe haven.