Economists reviewing silver price forecast 5 years highlight growing electronics and photovoltaic applications, giving silver dual demand characteristics that support the $30 threshold long term. In a 2011 CNBC interview , Buffett characterized gold as an asset that thrives on market anxiety rather than fundamentals. But they may also be working to separate themselves from western commodities markets. In October 2024, Russia floated the idea of creating a precious metals exchange to its BRICS counterparts. If established, it could shake up pricing for commodities like silver, allowing Russia to circumvent sanctions and trade with its bloc partners. In the silver market outlook over the next 5 years, volatility is expected as interest rates shift and inflation remains sticky; consensus estimates from major bullion banks point toward 15–20% cumulative growth from today's $25 level.
