Silver price forecast commodity desks revise silver price

Commodity desks revise silver price forecast upward after strong ISM manufacturing figures in the U.S. Spot silver now trades at $28.38, a four-week high, and appears poised for a technical breakout if Fed policy guidance remains dovish. On exchanges, bullion and coins must meet a minimum 99.9% purity. Lower-purity silver generally falls into collectible or industrial categories. Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital. 99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process. Analysts’ silver price forecast now points to resilience above $28.00 as manufacturing activity in China rebounds. Spot silver has gained 3.2% month-to-date, with ETF inflows hitting six-month highs. Momentum indicators signal possible continuation toward $29.50 if dollar weakness persists.