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. 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
United States. CFTC Silver speculative net positions. The value of the indicator has increased from 21.9K to 24.7K
27 March
United States. Natural Gas Storage. The value of the indicator has increased from 50B to 59B
Yesterday at 2:30 PM
Top news
European Union. CPI (MoM). The value of the indicator has increased from 1.2% to 1.3%
Yesterday at 9:01 AM
United States. PCE price index (YoY). The value of the indicator remained at the same level of 2.8%
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. GDP (QoQ). The value of the indicator has decreased from 0.7% to 0.5%
9 April
European Union. Retail Sales (MoM). The value of the indicator has decreased from 0% to -0.2%
8 April
All news

Forecasts

USDJPY buy
Period: 30.04.2026 Expectation: 1100 pips
Investing in USDJPY with 160.00 in view
Indicators and reports FA Other Hot news Chart analysis
Yesterday at 11:18 AM 39
Reed_Marcus
Gold sell
Period: 23.04.2026 Expectation: 20000 pips
Selling gold with $4,630 in sight amid monthly highs and declining volatility
TA Other Technical analysis FA Other Indicators Fundamental analysis
Yesterday at 10:28 AM 48
Lyra_Moonwell1
S&P 500 sell
Period: 18.04.2026 Expectation: 400 pips
SPX sell-off targets $7,000
TA Other FA Other
Yesterday at 10:08 AM 21
Bruce_Powers
ETHUSD buy
Period: 30.04.2026 Expectation: 115 pips
Buying ETHUSD upon breaking through $3,385 resistance
Indicators and reports FA Other Hot news Chart analysis
Yesterday at 08:21 AM 30
Sinclair_John
S&P 500 sell
Period: 23.04.2026 Expectation: 1830 pips
Selling SPX down to $6,850 as index hits record high
Technical analysis FA Other Indicators Hot news Fundamental analysis
Yesterday at 07:02 AM 27
Emily_Foster
Gold buy
Period: 30.04.2026 Expectation: 8000 pips
Buy gold when it pulls back to $4,800
TA Other Indicators and reports
Yesterday at 03:52 AM 39
Bruce_Powers
Go to forecasts