Silver continues to sit at the intersection of monetary confidence, industrial transformation, and geopolitical tension. Its price history shows repeated phases of sharp repricing followed by consolidation, reflecting shifts in macro conditions rather than steady progression.

Looking ahead, silver’s role in electrification, combined with fiscal and currency dynamics, keeps it firmly in focus for market participants. This article examines silver’s historical price behaviour and provides analysts’ silver price predictions for the next 5 years, placing recent developments within a broader market context.

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Analytical Forecast Summary

2026

For 2026, estimates span roughly $92 to $262, with bank views clustering around $100 while some retail-aggregator models extend far higher. The spread reflects uncertainty around real yields, dollar direction, and how long physical tightness persists after the January volatility spike.

2027

In 2027, forecasts widen further, from about $112 to $374. Some views lean on a lower gold-silver ratio as a driver of relative upside, while others assume industrial thrifting and substitution cap follow-through after any sharp repricing

2028

Silver’s projected price in 2028 ranges from around $128 to $423. This gap largely comes down to how much PV and electrification demand offsets lower silver intensity per unit and whether supply response remains slow.

2029

2029 estimates run from roughly $136 to $443. Longer-range numbers diverge on whether investment demand remains episodic or returns in multi-quarter waves during macro stress.

2030

Forecasts for 2030 sit between about $143 and $499, implying continued volatility rather than a linear trend, with outcomes hinging on fiscal dynamics, monetary credibility, and the balance between demand growth and supply constraints.

Silver’s Price History

Silver’s price history is marked by dramatic fluctuations, reflecting the interplay of market forces, geopolitical events, and investor behaviour.

Silver Thursday (1980)

One of the most significant periods was in the late 1970s and early 1980s, notably during the Silver Thursday event of 1980. After the precious metal began climbing in the latter half of the 1970s, an attempt by the Hunt brothers to corner the market in January 1980 led to silver prices reaching an all-time high of $49.45 per troy ounce—from the 1979’s high of $28— before crashing to a low of $4.90 at the end of 1982.

The Early 21st Century (2000-2011)

Following the dot-com bubble burst in the early 2000s, silver and other precious metals began a bullish run as investors sought so-called safe-haven assets amidst economic uncertainty. However, after surging from a low of around $4.43 in November 2002 to a high of $15.23 in May 2006, prices stalled. It eventually rose again, driven by a combination of investment demand, industrial applications, and concerns over fiat currency devaluation in the run-up to the Great Financial Crisis of 2008.

While it dipped as the crisis unfolded, silver spiked in the following years, reaching an all-time high of roughly $50 in April 2011.

A Volatile Period in Silver’s History (2012-2026)

However, silver then reversed hard, ending 2011 near $27.80 and sliding again as tighter policy expectations built. The downswing carried into the mid-2010s, with a trough around $13.9 in late 2015/early 2016. For much of 2014-2019 it rotated in a $15-$20 band as US rates rose and the dollar firmed.

In March 2020, the COVID liquidity shock pushed silver below $12, then stimulus and reflation trades drove a fast rebound towards $29 by August 2020. A retail-driven “silver squeeze” wave in early 2021 lifted it to around $30 before momentum faded.

Fed tightening and a stronger dollar weighed again in 2022, taking prices back toward $18 before stabilising. A break higher gathered pace from May 2024 (moves through $32-$35 linked to tight physical conditions and strong solar-related demand signals), then 2025 accelerated: silver cleared the prior nominal record in October near $54.50 and pushed higher into year-end. In January 2026, price action became disorderly, with a spike to over $121 late in the month. At the time of writing on the 29th of January, silver stands at around $114.

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Analytical Silver Prices Forecasts for 2026

Silver enters 2026 after a steep 2024–January 2026 run and a sharp volatility spike. The key issue for silver price predictions is whether the metal rises on strong fundamental factors, or corrects as the factors change.

Macro, Rates, and Debasement Concerns

Rate-path pricing and the US dollar remain central. If real yields drift lower and fiscal deficits stay elevated, concerns about currency depreciation may continue to influence investment flows into precious metals. Persistent budget imbalances, heavy Treasury issuance, and questions around long-term currency purchasing power remain a central part of the backdrop.

Industrial Demand and Manufacturing Thrift

Solar, electrification, and electronics demand stay in focus, but 2025 highlighted a clear constraint: higher prices encouraged reduced silver loadings in PV cells and components. If prices remain elevated, further thrifting and substitution may lower silver demand.

Supply, Inventories, and Physical Tightness

The silver market has recorded several annual deficits in recent years. Analysts note a decline in above-ground inventories and heightened sensitivity to regional physical flows. While recycling supply may rise in response to price incentives, primary mine output is likely to remain relatively inelastic given silver’s predominantly by-product production profile.

Volatility and Positioning

After the January spike, silver may trade in wide ranges driven by ETF flows, futures positioning, and liquidity conditions. The 2025 breakout zone around $28-$35 remains important; sustained trade below it could point to a deeper reset.

Analytical Silver Price Predictions for 2026

Silver price forecasts for 2026 reflect a market adjusting after sharp repricing, with views shaped by macro policy uncertainty, physical availability, and shifting investor positioning.

• Most Pessimistic Projection for Mid-Year 2026: $92 (Commerzbank)
• Most Optimistic Projection for Mid-Year 2026: $215 (CoinPriceForecast)
• Most Pessimistic Projection for End-of-Year 2026: $85 (UBS)
• Most Optimistic Projection for End-of-Year 2026: $262 (CoinPriceForecast).

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Citigroup outlines one of the most aggressive near-term outlooks, pointing to $150/oz by mid-2026. Commodities strategist Max Layton links this view to strong Chinese buying, supply constraints, and persistent structural imbalances. Citi characterises silver as behaving like “gold squared”, arguing the move may persist until valuations appear stretched relative to gold.

Commerzbank has lifted its expectations materially, now seeing $92/oz by mid-2026 and $95/oz by year-end, up sharply from late-2025 assumptions. Analyst Carsten Fritsch points to escalating geopolitical tensions, including unrest in Iran and the risk of wider confrontation, while cautioning that higher prices may accelerate industrial thrifting or substitution towards cheaper metals.

Analytical Silver Price Forecasts for 2027 and Beyond

Beyond 2026, silver price predictions become less about short-term positioning and more about structural forces shaping demand, supply, and capital allocation.

Structural Demand Versus Intensity Decline

Solar, grid expansion, EVs, and data infrastructure continue to absorb material volumes, but the focus shifts from headline installation growth to silver intensity per unit. PV manufacturers, battery systems, and electronics producers are expected to keep reducing silver loadings where technically feasible. This creates a tension: total volumes may rise, but marginal demand growth becomes more sensitive to price. Periods of elevated prices risk flattening fabrication demand.

Fiscal Dynamics and Monetary Credibility

Longer term, silver remains exposed to currency debasement narratives rather than cyclical rate expectations alone. Persistent fiscal deficits, rising sovereign debt servicing costs, and political resistance to austerity may keep precious metals embedded in asset-allocation discussions. Unlike 2024–2026, this influence is expected to express itself episodically rather than through sustained one-way moves.

Supply Response Lag

Mine supply response beyond 2027 remains constrained. Supply elasticity remains low: as most silver is mined as a by-product, production levels are often dictated by the economics of copper, lead, or zinc rather than silver market trends. Recycling growth faces natural limits after several years of elevated prices pulling forward scrap supply. This could keep the market sensitive to demand shocks.

Analytical Silver Price Predictions: 2027

The 2027 outlook points to a continuation of longer-cycle themes, with some analyses focusing on relative valuation against gold while others factor in demand moderation from industrial thrift.

• Most Pessimistic Projection for Mid-Year 2027: $112 (Gov Capital)
• Most Optimistic Projection for Mid-Year 2027: $336 (CoinPriceForecast)
• Most Pessimistic Projection for End-of-Year 2027: $115 (Gov Capital)
• Most Optimistic Projection for End-of-Year 2027: $374 (CoinPriceForecast)

HSBC’s James Steel expects physical market tightness to ease gradually through 2027 as supply-side pressures resolve. The bank projects the global deficit narrowing further as industrial demand weakens, while mine output and recycling rise. Steel notes that elevated prices are encouraging “substitution, thrifting and design changes” across industrial applications, with jewellery demand “especially vulnerable.”

Oxford Economics, in a December 2025 report on behalf of the Silver Institute, projects that electric vehicles will overtake internal combustion engine (ICE) vehicles as the primary source of automotive silver demand by 2027. Electric vehicles consume, “on average, 67-79 percent more silver than ICE vehicles.”

Data centres powering AI systems represent another expanding offtake channel; as digitisation accelerates, demand for silver’s superior conductivity in servers and infrastructure is expected to rise in tandem. Oxford Economics characterises silver as a “next-generation metal,” concluding it will “remain an essential component across multiple high-growth sectors as industries race to embrace digital innovation and meet clean energy mandates.”

Analytical Silver Price Predictions: 2028

By 2028, projections diverge more clearly as assumptions vary around supply response timing, sustained electrification demand, and the durability of investment flows.

• Most Pessimistic Projection for Mid-Year 2028: $128 (Gov Capital)
• Most Optimistic Projection for Mid-Year 2028: $392 (CoinPriceForecast)
• Most Pessimistic Projection for End-of-Year 2028: $142 (Gov Capital)
• Most Optimistic Projection for End-of-Year 2028: $423 (CoinPriceForecast)

Analytical Silver Price Predictions: 2029

The 2029 outlook reflects growing uncertainty over macro structure rather than short-term cycles, with outcomes tied to fiscal dynamics, currency credibility, and episodic capital rotation.

• Most Pessimistic Projection for Mid-Year 2029: $136 (Wallet Investor)
• Most Optimistic Projection for Mid-Year 2029: $438 (CoinPriceForecast)
• Most Pessimistic Projection for End-of-Year 2029: $141 (Wallet Investor)
• Most Optimistic Projection for End-of-Year 2029: $443 (CoinPriceForecast)

Analytical Silver Price Predictions: 2030

Looking at long-term silver price forecasts in 2030, estimates frame silver as a hybrid asset, where price behaviour depends on whether structural demand pressures outweigh gradual supply adaptation and periodic volatility.

• Most Pessimistic Projection for Mid-Year 2030: $143 (Wallet Investor)
• Most Optimistic Projection for Mid-Year 2030: $477 (CoinPriceForecast)
• Most Pessimistic Projection for End-of-Year 2030: $149 (Wallet Investor)
• Most Optimistic Projection for End-of-Year 2030: $499 (CoinPriceForecast)

Factors That Might Affect the Silver’s Price

Silver prices are shaped by a dynamic blend of economic, geopolitical, and industrial factors, reflecting its dual role as both an investment and an industrial metal. Key factors going forward include:

• Industrial Demand: Silver’s extensive use in technologies like solar panels and electronics directly influences its price.
• Economic Conditions: Economic growth increases silver demand in manufacturing, while downturns often boost its appeal as a so-called safe-haven asset.
• Monetary Policy: Interest rate changes can shift investor preference between silver and yield-bearing assets.
• US Dollar Strength: An inverse relationship exists between XAG prices and the US dollar; a stronger dollar can suppress its price.
• Geopolitical Tensions: Conflicts and instability tend to increase investment in silver as a so-called protective measure.
• Gold/Silver Ratio: This indicator may help investors decide when to buy silver over gold, affecting demand and prices.

The Bottom Line

Silver’s outlook remains shaped by a mix of macro uncertainty, fiscal dynamics, and structural industrial demand. Price behaviour over the coming years is likely to reflect shifts in real yields, currency confidence, and supply constraints rather than linear trends, with volatility remaining a defining feature.

If you are looking to trade Silver via CFDs, you can consider opening an FXOpen account and get access to the advanced trading tools and more than 700 instruments.

FAQ

Will Silver Go Up in 2026?

Silver’s direction in 2026 depends on real yields, dollar trends, and physical market conditions. Some analysts point to support from tight supply and debasement concerns, while others highlight scope for consolidation after the January volatility spike.

Is Silver a Good Investment in 2026?

Silver is analysed as a hybrid asset with both industrial and monetary drivers. Its role in electrification and sensitivity to macro stress may support portfolio diversification, though price behaviour in 2026 is expected to remain uneven.

Will Silver Hit $200?

Some analyses outline scenarios above $200 based on historical gold-silver ratios compressing sharply. These outcomes assume sustained macro stress and strong investment flows, and sit well outside base-case assumptions from major banks.

What Will Silver Be Worth by 2030?

By 2030, analytical estimates range widely between $143 and almost $500, reflecting uncertainty around fiscal dynamics, supply response, and industrial demand intensity. Longer-range views agree that the future of silver prices will likely be volatile and shaped by macro structure and capital flows.

How Do Traders Trade Silver in Forex?

Silver cannot be traded on the forex market, as it is a currency market. However, it can be traded in the XAG/USD pair via CFDs. If you are interested in CFD trading, you can consider opening an FXOpen account and get access to over 700 instruments and 1,200 analytical tools.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

[PRESS RELEASE – Amsterdam, Netherlands, February 9th, 2026]

NOWPayments, a crypto payment gateway, has announced a limited-time promotion offering zero network fees on USDT (TRC20) payments for new partners.

To access the zero-fee option, users need to register with NOWPayments and enable Custody in their dashboard. Enabling Custody also provides access to additional features such as Mass Payouts and off-chain conversions, allowing businesses to streamline payment flows and manage settlements more efficiently.

The initiative allows newly registered merchants to accept USDT TRC20 payments without network fees for the first two months*, helping businesses save on operational costs while exploring crypto payments in a real-world environment.

The offer is designed to support companies across multiple industries – including iGaming, Trading, Software as a Service (SaaS), and technology teams such as IT companies and developers – by lowering the barrier to entry for stablecoin payments. By removing network fees on USDT TRC20 deposits, NOWPayments enables merchants to experience fast, reliable, and cost-efficient crypto transactions from day one.

“Our mission is to make crypto payments practical and accessible for businesses of all sizes,” said Kate Lifshits, CEO of NOWPayments. “This promotion gives new partners the opportunity to evaluate our infrastructure without additional network costs – from seamless API integration to near-instant settlement.”

In addition to the zero-fee promotion, NOWPayments supports 350 cryptocurrencies, including 20+ stablecoins across Ethereum, Tron, Binance Smart Chain, Solana, Polygon and other blockchain networks. Payments can reach finality in under a minute, depending on the network, with no limits on transaction size – large-value payments are processed at the same speed as smaller ones. The platform also imposes no limits on transaction volume, offering high throughput and enabling businesses to process a large number of payments efficiently and at scale.

NOWPayments also offers a comprehensive set of payment tools, including:

• Permanent deposit addresses
• Mass payouts with 0% fee
• Average transaction time of approximately 1 minute
• Fiat off-ramp & on-ramp support
• Gateway fees of 0.5% for single-currency payments and 1% for payments with conversion

These features position NOWPayments as a flexible and scalable payment solution for businesses seeking transparent, efficient, and compliant crypto payment infrastructure.

About NOWPayments

NOWPayments is a cryptocurrency payment gateway that helps businesses to accept, manage, and distribute crypto payments across more than 350 digital assets. Founded in 2019, the platform supports companies operating in iGaming, eCommerce, and other high-risk industries with permanent deposit addresses, mass payout tools, fiat off-ramp & on-ramp capabilities, and average transaction times of under three minutes.

Website: https://nowpayments.io

* The promotion applies to USDT (TRC20) payments only and is available to new users for a period of two months.

Disclaimer

This communication is provided for informational purposes only and does not constitute investment, financial, or legal advice. It is not intended as an offer, solicitation, or recommendation and does not create any binding obligations. Terms and conditions may change without notice. Cryptoassets are highly volatile and may result in total loss of capital. Service availability and regulatory status depend on your jurisdiction. Users can refer to the Terms & Conditions for further details.

TLDR

• Monday.com (MNDY) beat Q4 earnings with $1.04 per share versus $0.92 expected and revenue of $333.9 million against $329.51 million consensus
• Stock plunged 15% in premarket trading despite the earnings beat on disappointing 2026 guidance
• Company projects 2026 operating income of $165-$175 million, well below Wall Street’s $218 million estimate
• Full-year 2026 revenue guidance of $1.45-$1.46 billion missed analyst expectations of $1.48 billion
• MNDY shares are down 34% year-to-date, caught in the broader software sector selloff

Monday.com stock tumbled in early trading Monday despite posting fourth-quarter results that topped Wall Street expectations. The work-management software provider delivered an earnings beat but spooked investors with cautious guidance for the year ahead.

The company reported adjusted earnings of $1.04 per share for the fourth quarter. That beat analyst estimates of $0.92 per share by $0.12.

Revenue came in at $333.9 million for the quarter. That topped the consensus estimate of $329.51 million and marked a 25% increase from the same period last year.

monday.com Ltd., MNDY

But investors quickly shifted their focus to the company’s 2026 outlook. Monday.com projected operating income between $165 million and $175 million for the full year.

That forecast fell well short of Wall Street’s expectations. Analysts had been expecting operating income of $218 million heading into the earnings report.

The revenue guidance also disappointed. Monday.com expects 2026 revenue between $1.45 billion and $1.46 billion.

Analysts had estimated $1.48 billion for the full year. The midpoint of Monday.com’s guidance represents a roughly $30 million shortfall from expectations.

Market Reaction and Stock Performance

Shares dropped 15% in premarket trading following the earnings release. The stock closed Friday at $98.00 after a brutal stretch for the company.

MNDY is down 34% year-to-date. The stock has fallen 38.98% over the past three months.

The 12-month performance looks even worse. Shares have declined 69.99% over the past year.

Monday.com has been swept up in the broader software sector selloff. The entire industry has faced pressure as investors rotate out of growth stocks.

Analyst Activity and Financial Health

The company has seen mostly positive analyst activity in recent months. Monday.com received 17 positive earnings revisions in the last 90 days.

Only one negative revision came through during that period. InvestingPro rates Monday.com’s financial health score as showing “good performance.”

The earnings beat marks another quarter of execution on the top and bottom lines. But the conservative guidance suggests management sees headwinds ahead.

The operating income miss of roughly $50 million at the midpoint raises questions about profitability expectations. Revenue growth is expected to continue but at a pace that fell short of analyst models.

The stock’s steep decline this year reflects both company-specific concerns and broader sector weakness. Software stocks have faced multiple compression as interest rates remain elevated.

Monday.com’s Q4 revenue of $333.9 million beat estimates by $4.39 million while earnings per share topped forecasts by 13%.

The company’s latest purchase raised some eyebrows due to the poor timing.

Michael Saylor, the Bitcoin champion behind Strategy’s BTC accumulation strategy, announced minutes ago the latest acquisition made by the company, in which it spent $90 million to accumulate 1,142 units.

Consequently, the firm’s total stash has grown to 714,644 BTC, acquired at an average price of $76,056 for a total of $54.35 billion. Thus, Strategy’s bitcoin holdings continue to be in the red as the asset trades below $70,000 at press time.

Strategy has acquired 1,142 BTC for ~$90.0 million at ~$78,815 per bitcoin. As of 2/8/2026, we hodl 714,644 $BTC acquired for ~$54.35 billion at ~$76,056 per bitcoin. $MSTR $STRC https://t.co/4X2c81LQwm

— Michael Saylor (@saylor) February 9, 2026

Given the cryptocurrency’s adverse movements over the past week or so, the average price of $78,815 per BTC means that Strategy completed its acquisition on Monday or Tuesday. After all, the asset plunged hard in the following days and hasn’t traded at such high prices for a week now.

This raised some questions within the cryptocurrency community, including Satoshi Flipper, who indicated that buying BTC at these levels, even with DCA, makes these purchases “beyond silly.”

DCA all the way but what’s up with these purchase prices, they are beyond silly.

$78k?

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So the last time price was $78k it was 2/2-2/3 … these must be purchases made 1 week ago. https://t.co/V0LSZvS4yr

— Satoshi Flipper (@SatoshiFlipper) February 9, 2026

Interestingly, Strategy’s stock prices ended the previous week on a high note, skyrocketing by over 26% to $135. However, MSTR has dropped by nearly 4% in pre-market trading today. On a monthly scale, MSTR’s price is down by 14% despite Friday’s bounce.

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Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, added another tranche of BTC last week, expanding its holdings without pushing its overall cost basis lower.

Strategy acquired 1,142 Bitcoin (BTC) for $90 million last week, according to a US Securities and Exchange Commission filing on Monday.

The acquisitions were made at an average price of $78,815 per BTC despite Bitcoin trading below that level for most of the week and briefly touching $60,000 on Coinbase last Thursday.

The latest buy brought Strategy’s total Bitcoin holdings to 714,644 BTC, purchased for around $54.35 billion at an average price of $76,056 per coin.

Strategy misses the Bitcoin dip?

By buying Bitcoin at close to $79,000 per coin, Strategy avoided lowering the average cost basis of its existing holdings.

Bitcoin, however, has traded well below that level for almost a week. The price fell sharply below $78,000 last Tuesday and has not climbed above the $72,000 mark since, according to Coinbase data.

The purchase marks Strategy’s second Bitcoin acquisition as the cryptocurrency trades below the company’s average acquisition price of $76,056.

Strategy faced a similar situation in 2022 when Bitcoin fell below $30,000 while its average purchase price stood at about $30,600. At the time, Strategy significantly slowed the pace of its buying, though it continued to make smaller purchases even at prices below its cost basis.

Related: Bitcoin Sharpe ratio slides to levels seen in previous market bottoms

In the lead-up to the purchase, some market participants speculated that Strategy would try to avoid buying below its average cost this cycle, given the optics around unrealized losses.

Some users joked that Michael Saylor might instead announce another purchase at much higher levels.

“Saylor on Monday: We’ve added another 1,000 bitcoins at an average price of $95,000,” one market observer joked in an X post on Friday.

Strategy (MSTR) shares have mirrored Bitcoin’s volatility, dropping to around $107 last Thursday, according to TradingView data.

In line with a minor rebound on crypto markets, the stock started rising on Friday, posting a spike of 26% to close at around $135.

Magazine: Bitcoin difficulty plunges, Buterin sells off Ethereum: Hodler’s Digest, Feb. 1 – 7