Slv stock price forecast the SLV stock price forecast suggests

The SLV stock price forecast suggests moderate upside potential in Q3 2024, with silver trading supported by strong retail investor interest and inflation hedge demand. Analysts see near-term resistance at $25.80 and support around $23.50, watching Fed rate decisions closely. Remember, commodity markets are complex and influenced by numerous factors. These are just general forecasts, and the actual performance of any commodity can deviate from expectations. Pan American Silver Corp. NYSE: PAAS is the world’s fifth-largest silver producer . In 2024, the mining company produced 21.1 million ounces of silver. In the company’s first quarter earnings report in May, it maintained its operational outlook for 2025 . Short interest in SLV has decreased by 12%, reducing downward pressure. The SLV stock price forecast adjusts probability models higher for a breakout above $27 in the near term.