Silver prices, $/troy oz. last = 18.2778 1w: +0.5 (3%)
202020212022
Consensus (median)202120
High405022
Low141717
Standard Deviation692
Count of Estimates19103
History
Forecast
CARG Summary (Price)
RankN/S0*1*2*3*4*5*
Strong Gr.       
Growth       
Flat       
Decline       
Strong Decl.       
Forecast Distribution
Company plot
[Positive]

Silver is underpriced. This might seem an odd statement taking into account recent rally, however 'gold/silver' ratio is far higher normal (75-80 against 20yr average 65-70). As a result I expect that it would be re-rated against gold.

[Positive]

My bullish outlook on Silver prices is based on expectations the USD will weak in the long-term, as well as demand from industrial and silver-specific sectors will be strong and improve the growth of the Silver prices. Also I expect more stable investor demand on the metal, therefore I don't leave room for a negative outlook on the Silver prices.