Silver stock price forecast uses updated cross-asset models that factor in energy prices; higher oil often lifts mining costs, potentially supporting higher silver market valuations. On exchanges, bullion and coins must meet a minimum 99.9% purity. Lower-purity silver generally falls into collectible or industrial categories. Tesla reached the triangle target of $470 on Thursday and formed a large bearish engulfing candle. Frankly, I’m surprised prices came within a few percentage points of the $488.54 all-time high (given the expiration of regulatory and consumer tax credits in September). I’m guessing this stock will be MUCH lower a year from now. Institutional investors appear to be increasing exposure through silver ETFs, signalling medium-term upside.