Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
16 January 2023 | Other

Silver price will increase twice by the end of 2023, says ElliottWaveTrader founder

Silver

The majority of analysts, in general, are optimistic about the silver price. However, some suppose that it will increase twice by the end of the current year.

According to head of ElliottWaveTrader Avi Gilburt, silver will face a period of sustained growth. As a result, the quotations will hit the record of almost $50 per ounce. Gilburt thinks that first, the cost of an ounce of silver will decrease to $21-22, and after this, the prices will start to rise steadily. In the future, the price for an ounce of the precious metal will reach $50, but it will require a lot of time. The quotations may grow twice in 2023 and also in the first half of 2024.

Company MarketCheese

Recommended

United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
29 April
United States. CFTC Silver speculative net positions. The value of the indicator has increased from 23.4K to 23.6K
17 April
United States. Core PCE Price Index (MoM). The value of the indicator remained at the same level of 0.4%
9 April
United States. Core PCE Price Index (YoY). The value of the indicator has decreased from 3.1% to 3%
9 April
United States. CFTC Silver speculative net positions. The value of the indicator has decreased from 24.7K to 23.9K
3 April
Top news
European Union. CPI (MoM). The value of the indicator has decreased from 1.3% to 1%
Yesterday at 9:01 AM
European Union. GDP (QoQ). The value of the indicator has decreased from 0.2% to 0.1%
Yesterday at 9:01 AM
European Union. Unemployment Rate. The value of the indicator has decreased from 6.3% to 6.2%
Yesterday at 9:01 AM
United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
29 April
Canada. BoC Interest Rate Decision. The value of the indicator remained at the same level of 2.25%
29 April
All news

Forecasts

S&P 500 buy
Period: 14.05.2026 Expectation: 6400 pips
SPX bulls target $7,200
Indicators and reports FA Other Hot news Chart analysis
30 April 2026 42
Sinclair_John
ETHUSD buy
Period: 07.05.2026 Expectation: 103 pips
Invest in ETHUSD with $2,350 target if key support holds post-correction
FA Other Technical analysis Chart analysis Indicators Fundamental analysis
30 April 2026 42
Lyra_Moonwell1
Gold buy
Period: 14.05.2026 Expectation: 190 pips
Go long on gold with $4,750 in sight
Indicators and reports FA Other Hot news Chart analysis Indicators
30 April 2026 37
Reed_Marcus
USDJPY buy
Period: 07.05.2026 Expectation: 1300 pips
Buying USDJPY with 162.000 target as BOJ offers yen no lifeline
Indicators and reports Technical analysis Hot news Indicators Fundamental analysis
30 April 2026 28
Emily_Foster
AUDCAD buy
Period: 31.05.2026 Expectation: 1000 pips
Go long on AUDCAD toward 0.9900
FA Other TA Other
30 April 2026 20
McCarthy_Raymond
Brent buy
Period: 31.05.2026 Expectation: 500 pips
Buy Brent crude up to $115.0
FA Other TA Other
30 April 2026 36
Bruce_Powers
Go to forecasts