Silver prices soared, with market capitalization temporarily surpassing NVIDIA and reaching a new high close to $80, then falling back to around $77. The long-term target price forecast from US Bank is between $135 and $309, mainly driven by industrial demand; while Goldman Sachs warns that due to limited supply, short-term price volatility is expected to be high. Expert Rashad Hajiyev pointed out that silver prices have broken a 45-year cyclical trend, with a short-term target price of $96, potentially reaching $114 to $120 afterward, followed by a possible correction. Based on the long-term forecast of the gold-silver ratio, silver prices are expected to reach between $171 and $218.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Silver prices soared, with market capitalization temporarily surpassing NVIDIA and reaching a new high close to $80, then falling back to around $77. The long-term target price forecast from US Bank is between $135 and $309, mainly driven by industrial demand; while Goldman Sachs warns that due to limited supply, short-term price volatility is expected to be high. Expert Rashad Hajiyev pointed out that silver prices have broken a 45-year cyclical trend, with a short-term target price of $96, potentially reaching $114 to $120 afterward, followed by a possible correction. Based on the long-term forecast of the gold-silver ratio, silver prices are expected to reach between $171 and $218.