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 46.2K to 37.3K
Yesterday at 10:18 PM
United States. CFTC Silver speculative net positions. The value of the indicator has decreased from 49.7K to 46.2K
21 November
United States. CFTC Silver speculative net positions. The value of the indicator has decreased from 52.3K to 49.7K
20 November
European Union. PPI (MoM). The value of the indicator has increased from -0.1% to 0.1%
40 minutes ago
European Union. PPI (YoY). The value of the indicator has decreased from -0.2% to -0.5%
40 minutes ago
Top news
European Union. CPI (MoM). The value of the indicator has decreased from 0.2% to -0.3%
Yesterday at 10:00 AM
European Union. Unemployment Rate. The value of the indicator remained at the same level of 6.4%
Yesterday at 10:00 AM
United States. ISM Manufacturing PMI. The value of the indicator has decreased from 48.7 to 48.2
1 December
European Union. Manufacturing PMI. The value of the indicator has decreased from 49.7 to 49.6
1 December
United States. Retail Sales (MoM). The value of the indicator has decreased from 0.6% to 0.2%
25 November
All news

Forecasts

EURUSD buy
Period: 10.12.2025 Expectation: 1240 pips
EURUSD gains strength amid widening policy divergence between Fed and ECB
TA Other Technical analysis FA Other Indicators Fundamental analysis
Today at 10:23 AM 4
Lyra_Moonwell1
USDCAD sell
Period: 12.12.2025 Expectation: 1100 pips
Double top could send USDCAD to 1.386–1.393
FA Other Indicators Chart analysis
Today at 09:40 AM 5
Tom_Kern
NVIDIA Corporation buy
Period: 10.12.2025 Expectation: 950 pips
NVIDIA tries to outshine its competitors
Technical analysis FA Other Indicators Hot news Fundamental analysis
Today at 09:32 AM 5
Emily_Foster
USDJPY sell
Period: 28.02.2026 Expectation: 7000 pips
USDJPY selloff down to $150.00
Indicators and reports Chart analysis
Yesterday at 10:52 AM 58
Bruce_Powers
Gold buy
Period: 15.12.2025 Expectation: 15500 pips
Accumulate gold ahead of potential Fed rate cut
TA Other FA Other
Yesterday at 10:52 AM 56
McCarthy_Raymond
BTCUSD sell
Period: 12.12.2025 Expectation: 7000 pips
Bitcoin set to rebound within downward channel
Indicators Hot news Chart analysis
Yesterday at 08:56 AM 41
John_Bullard
Go to forecasts