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 decreased from 24.6K to 21.9K
20 March
United States. Interest Rate Projection - Current. The value of the indicator has decreased from 3.6% to 3.4%
18 March
United States. Interest Rate Projection - 1st Yr. The value of the indicator has decreased from 3.4% to 3.1%
18 March
United States. Interest Rate Projection - 2nd Yr. The value of the indicator remained at the same level of 3.1%
18 March
United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
18 March
Top news
European Union. Manufacturing PMI. The value of the indicator has increased from 50.8 to 51.4
24 March
European Union. Trade Balance. The value of the indicator has decreased from 11.2B to -1.9B
20 March
European Union. Deposit Facility Rate. The value of the indicator remained at the same level of 2%
19 March
European Union. ECB Interest Rate Decision. The value of the indicator remained at the same level of 2.15%
19 March
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
19 March
All news

Forecasts

AUDUSD buy
Period: 31.07.2026 Expectation: 3400 pips
Investing in AUDUSD up to 0.6770
FA Other Chart analysis
Today at 03:44 AM 1
McCarthy_Raymond
AUDCAD buy
Period: 31.08.2026 Expectation: 1500 pips
Investing in AUDCAD from 0.9540
FA Other TA Other
Today at 03:44 AM 1
Bruce_Powers
EURUSD sell
Period: 31.05.2026 Expectation: 4000 pips
EURUSD selloff targets 1.12000
Indicators and reports FA Other Hot news Chart analysis
Yesterday at 10:16 AM 22
Reed_Marcus
Natural gas sell
Period: 01.04.2026 Expectation: 130 pips
Warm weather sends natural gas tumbling toward November lows
FA Other TA Other Technical analysis Indicators Fundamental analysis
Yesterday at 09:41 AM 24
Emily_Foster
NVIDIA Corporation buy
Period: 30.04.2026 Expectation: 2000 pips
Buying NVIDIA stock from support level
Indicators and reports Hot news Chart analysis
Yesterday at 08:44 AM 26
Sinclair_John
USDCAD buy
Period: 01.04.2026 Expectation: 830 pips
USDCAD attempts to breach upper limit of ascending channel amid geopolitical fog
FA Other TA Other Technical analysis Indicators Fundamental analysis
Yesterday at 06:54 AM 17
Lyra_Moonwell1
Go to forecasts