Silver has lately been trending across the board, spiking to new highs, while competing with gold actively. In a new marvelous feat, Silber briefly managed to overtake Nvidia as the largest asset by market cap, making it an asset worthy of the spotlight in recent times. With multiple predictions on silver running high, here are the major price pedestals and the comprehensive silver price forecast that traders need to know and keep in mind for steady profits.

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Silver Price Forecast: Leading Banks’ Targets

Silver price has broken the ledge, running spectacularly to claim $80 as its new high. However, the asset has dropped down from its ATH to sit at $77 at press time, eyeing new price horizons amid rising geopolitical uncertainties.

Per Bank of America, the silver price may easily target $135 to $309 in the long haul, with industrial demand acting as the main catalyst powering this surge.

However, Goldman Sachs has predicted sharp volatility for silver in the coming months, as supply restraints may hinder the metal’s progress in the near future.

Expert Opinion: Near-Term Targets

As per Rashad Hajiyev, a leading metal expert, silver has recently broken a 45-year cup and handle formation, triggering its massive surge at the moment. Hajiyev had earlier predicted how this process may end up pushing silver to $70, which the asset has already breached presently.

Moreover, Hajiyev now expects silver to hit $96 first, followed by the asset claiming $171 to $218 in the long haul.

Hajiyev’s silver price forecast includes the metal running to $114 to $120, post which it may pull back to consolidate around $100. His most ambitious price target invoices silver, claiming $180 to $200 in the near future. However, these prices are not investment advice, as markets have a tendency to be highly volatile and sensitive to changes.

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