16 January 2023 | Other

Silver will continue rising in 2023

Analysts consider that silver is going to be increasing throughout the current year.

According to the latest survey of investors, conducted by the Kitco company, respondents suppose that the price of silver might get higher over 2023. In the course of the research, a total of 1482 investors were surveyed. As shown by the survey’s results, the average silver price prediction is $38 per ounce. The 85 respondents, which is 5% of the total, expect the price of this precious metal to go below $23 per ounce towards the year’s end. At the same time, nearly half of all respondents, or 48%, predict the quotations of silver to exceed $38 per ounce in late 2023.

As it is believed by Jeff Kresnak from Michigan, silver prices might get two times higher during the current year, thus going above $40 per ounce. He shared this point of view in his email to Kitco News. Kresnak considers the precious metal to be a stable asset, and he suggests the metal will be widely used as protection against inflation and stock market volatility.

A rally in silver is also expected by most Wall Street analysts, although many of them note that its price will be less than $30 per ounce.

Senior technical analyst at Kitco.com Jim Wyckoff also shared his opinion on a possible range of silver prices during this year. He expects the prices to trade within a range between $22 to $27 per ounce.

Company MarketCheese
Period: 17.07.2025 Expectation: 26000 pips
Institutional investor demand could push ETHUSD to 3,000
Yesterday at 10:38 AM 33
Period: 16.07.2025 Expectation: 2000 pips
USDJPY prepares to retest 148 Level
Yesterday at 08:19 AM 36
Period: 16.07.2025 Expectation: 900 pips
NVIDIA shares rise amid global AI infrastructure investments
09 July 2025 63
Period: 15.07.2025 Expectation: 800 pips
Breaking downtrend could push USDCAD to 1.375
09 July 2025 40
Period: 14.07.2025 Expectation: 1600 pips
Upcoming “Crypto Week” to boost bitcoin prices
08 July 2025 107
Period: 15.07.2025 Expectation: 400 pips
Selling AUDUSD targeting 0.65000 amid limited growth and technical weakness
08 July 2025 52
Go to forecasts