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 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
United States. CFTC Silver speculative net positions. The value of the indicator has increased from 21.9K to 24.7K
27 March
Top news
European Union. Manufacturing PMI. The value of the indicator has increased from 51.6 to 52.2
23 April
European Union. Trade Balance. The value of the indicator has increased from -1B to 11.5B
17 April
European Union. CPI (MoM). The value of the indicator has increased from 1.2% to 1.3%
16 April
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
All news

Forecasts

EURUSD buy
Period: 27.05.2026 Expectation: 700 pips
Buying EURUSD in anticipation of Fed and ECB policy moves
FA Other Indicators Hot news Chart analysis
Yesterday at 11:34 AM 24
Reed_Marcus
S&P 500 sell
Period: 15.05.2026 Expectation: 1000 pips
SPX sell-off comes into play on technical pullback
TA Other FA Other
Yesterday at 10:49 AM 20
Bruce_Powers
EURUSD buy
Period: 31.05.2026 Expectation: 800 pips
Investing in EURUSD with 1.1780 target
FA Other Chart analysis
Yesterday at 10:49 AM 13
McCarthy_Raymond
S&P 500 sell
Period: 04.05.2026 Expectation: 2100 pips
SPX may run into profit-taking near record highs with earnings on deck
Technical analysis Indicators and reports TA Other Hot news Fundamental analysis
Yesterday at 10:10 AM 14
Emily_Foster
Gold buy
Period: 11.05.2026 Expectation: 120 pips
Buying gold with $4,850 in view
Indicators and reports FA Other Indicators Hot news Chart analysis
Yesterday at 09:32 AM 42
Sinclair_John
Silver buy
Period: 04.05.2026 Expectation: 3560 pips
Silver stages recovery after sell-off on Middle East turmoil
Technical analysis TA Other FA Other Indicators Fundamental analysis
Yesterday at 06:47 AM 28
Lyra_Moonwell1
Go to forecasts