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Can Silver Be Higher Than Gold?

After a decade-long slump in the 2010s, the price of silver exploded by over 44% in 2020. Since then, the price of silver has been steadily rising. Therefore, it is a good idea to consider where the price of silver may go over the next ten years. Since it is hard to predict the price movement of any asset so far in the future, we should consider various possibilities. At Allegiance Gold, we want to make sure that you are well-educated on precious metals and how they can perform well for you. Silver is a precious metal that historically has performed well over the course of time. After this article, feel free to speak to one of our executives to learn more about how silver can be beneficial to you. In this forecast, we will take a look at how silver may perform in three market situations. 

Silver 10-Year Price Forecast In a Commodity Bear Market

If commodities go into another bear market – much like between 2010 to 2020 – then we could see the price of silver get from anywhere between 50% to 90%. How do we get this number? All you have to do is look at previous bear markets in silver. From 1980 to 2000, the price of silver fell from a high of $49.95 an ounce to about $5 an ounce. That’s a 90% fall. During the silver bear market of the 2010s, the price of silver fell from about $30 an ounce to a low of $15 an ounce. Yes, bear markets in silver can be quite brutal. 

Considering that the current price of silver is about $25, a bear market in the commodity could put silver anywhere from about $12 to $2.50 per ounce. This would put silver at its lowest price in about 22 years. If this were to happen, then the economy would likely be in a highly deflationary environment. 

Silver 10-Year Price Forecast In a Commodity Bull Market

If the price of silver goes into a bull market, we could see a 10-year price move range from 600% to 3,000%! How do we get these figures? Let’s take a look at how silver did during its last two bull markets. During the 1970s, the price of silver went from $1.70 an ounce up to nearly $50 an ounce. That’s a nearly 3,000% move in 10 years. During the silver bull run of the 2000s, silver moved from a low of $5 an ounce up to $30 an ounce. That’s a 600% move. Silver can be among the best performers when it is on a bull run. 

Using the current silver price of about $25 per ounce, a 10-year bull run could put the price of silver anywhere from $150 to $750 per ounce. The $750 figure would probably mean that we are in a hyperinflationary environment. However, the 600% rise to the $150 level is highly realistic in a long-term bull market environment. 

Silver 10-Year Price Forecast In a Hyperinflationary Collapse

The possibility of a hyperinflationary collapse becomes more real and U.S. public debt explodes. If the U.S. dollar were to collapse, we could see the price of silver rise to an infinite price in dollar terms. Why? There are only 3 billion ounces of silver in the world. That means there is less than half an ounce available for every human being on the planet. That would make the asset extremely rare and valuable. During these conditions, you would have to value silver in terms of what it could buy. For instance, one ounce of silver may be able to purchase a motor vehicle during a collapse. 

How to buy Silver 

There are a number of ways that you can purchase silver. The best way to own silver is by purchasing physical silver coins, silver bars, or junk silver. Junk silver is previously circulated in U.S. dimes and quarters with silver content. 

You can also speculate on the price of silver by purchasing silver ETFs such as the iShares Silver Trust (SLV) and the Aberdeen Physical Silver Shares ETF (SILV). Finally, you can purchase silver future contracts. 

Silver’s 10-year Forecast 

In two of the three proposed scenarios, silver can become extremely valuable over the next 10 years. If you would like to participate in a possible bull run in silver, then consider purchasing physical silver. The most important action that you can do at this moment is to learn more about how silver may protect your wealth. Allegiance Gold is here to help educate you on the important role that precious metals have in preserving your hard-earned savings. Call 844-790-9191 or simply fill out the form below to receive your FREE Gold IRA Guide. Our guide will show you, in detail, how precious metals can help preserve your financial future.

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