While the price of gold for this year is a bit more unpredictable, the price of silver seems to be steadily rising. Because our current supply of silver is insufficient, pricing for silver has seen a consistent rise in cost per ounce. The silver price prediction for 2023 is expected to continue on this upward trend.
If you’ve got a lot of silver to sell, now is the time to do it! Check your home for hidden treasures that might be worth more than you think!
Silver Price Prediction for 2023
Silver prices started at $24.18 this year. With the increasing demand, prices are expected to hit $30 by the end of the year. Experts believe that prices will rise all the way up to $100 per troy ounce over the next ten years. This means that each year the price will raise by $10. The chart below shows the ten-year forecast for silver.
| Year | Mid-Year | Year-End | Tod/End,% |
| 2023 | $27.72 | $32.65 | +39% |
| 2024 | $34.77 | $36.72 | +57% |
| 2025 | $41.76 | $46.41 | +98% |
| 2026 | $47.06 | $47.75 | +104% |
| 2027 | $52.53 | $57.26 | +144% |
| 2028 | $61.94 | $66.59 | +184% |
| 2029 | $71.20 | $74.83 | +219% |
| 2030 | $75.91 | $80.18 | +242% |
| 2031 | $84.42 | $88.64 | +278% |
| 2032 | $92.84 | $93.33 | +298% |
| 2033 | $97.33 | $101.31 | +332% |
| 2034 | $104.93 | $108.86 | +365% |
Short Term Forecast
If you’re looking for a short-term forecast for silver pricing, see the chart below.
| Month in 2023 | Price |
| February | $24.05 |
| March | $24.81 |
| April | $25.66 |
| May | $26.47 |
| June | $27.31 |
| July | $28.12 |
Looking to Sell Silver in 2023?
If you’re keeping an eye on these silver price predictions for 2023, you may be ready to sell soon. We buy silver jewelry, coins, silverware, medallions, and billions. Learn more about what we buy here. Contact an expert on our team when you are ready to sell.
(Always talk to your CPA or Financial Advisor before making investments.)
