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. CFTC Silver speculative net positions. The value of the indicator has increased from 51.5K to 52.3K
26 September
United States. Core PCE Price Index (MoM). The value of the indicator remained at the same level of 0.2%
26 September
United States. Core PCE Price Index (YoY). The value of the indicator remained at the same level of 2.9%
26 September
European Union. Current Account. The value of the indicator has decreased from 29.8B to 11.9B
Today at 8:03 AM
China. Industrial Production (YoY). The value of the indicator has increased from 5.2% to 6.5%
Today at 2:01 AM
Top news
European Union. CPI (MoM). The value of the indicator remained at the same level of 0.1%
17 October
European Union. Trade Balance. The value of the indicator has decreased from 12.7B to 1B
16 October
European Union. Retail Sales (MoM). The value of the indicator has increased from -0.4% to 0.1%
6 October
European Union. Unemployment Rate. The value of the indicator has increased from 6.2% to 6.3%
2 October
United States. ISM Manufacturing PMI. The value of the indicator has increased from 48.7 to 49.1
1 October
All news

Forecasts

Brent sell
Period: 25.10.2025 Expectation: 90 pips
Selling Brent crude as supply swells
FA Other Chart analysis
Today at 10:23 AM 22
McCarthy_Raymond
Silver sell
Period: 27.10.2025 Expectation: 3600 pips
Silver is under pressure following its record rally
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
Today at 10:10 AM 31
Lyra_Moonwell1
Gold sell
Period: 27.10.2025 Expectation: 14600 pips
Gold is correcting following Trump’s softer rhetoric
Technical analysis FA Other Hot news Indicators Fundamental analysis
Today at 08:20 AM 40
Emily_Foster
GBPUSD buy
Period: 24.10.2025 Expectation: 1600 pips
GBPUSD is poised to retest 1.34800
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
17 October 2025 69
Lyra_Moonwell1
AUDCAD sell
Period: 31.10.2025 Expectation: 600 pips
Break below 0.908 could send AUDCAD to autumn lows
Hot news Indicators Chart analysis
17 October 2025 47
Tom_Kern
Brent buy
Period: 24.10.2025 Expectation: 290 pips
Brent crude to rebound to $62.90
Technical analysis FA Other Indicators and reports Indicators Fundamental analysis
17 October 2025 51
Emily_Foster
Go to forecasts