Silver price forecast analysts comparing silver’s trajectory

Analysts comparing silver’s trajectory to gold note increased correlation in recent months. Silver price forecast suggests $29.00 is attainable pre-year-end, assuming continued ETF accumulation and strength in manufacturing PMI readings globally. Instead, silver is prized for its stability and its power to hedge against inflation. Often dubbed a “store of value,” it tends to sustain purchasing power when inflation climbs. Neumeyer's March 2023 triple-digit silver call was a long-term call, and he explained that while he believed gold would break US$3,000 that year, he thought silver will only reach US$30. However, once the gold-silver ratio is that unbalanced, he believes that silver will begin to take off, and it would just need a catalyst. Technical charts show strong support at $27.60, with RSI near 60 suggesting room for further upside before entering overbought territory. Hedge funds maintain net-long positions.