In other words, silver prices could fall by a modest amount in the future, but they could rise tremendously. In addition to the established industrial uses of silver in the field of electronics and medicine, silver will also play an important role in the industries of the future. Market participants interested in investing in silver or other precious metals such as gold should consider investing in a top rated gold IRA to ensure their money is safe and secure. Remember that past performance doesn't guarantee future returns and never invest money you can't afford to lose. The increase in demand for silver in the solar photovoltaic energy sector could receive a boost in the coming years that could support the value of silver in the future.
Keep in mind that analysts can and do get their predictions wrong, and that past performance doesn't guarantee future returns. In the future, geopolitical events, the global impact of COVID-19 and future changes in Fed interest rates will be key factors to consider. Keep in mind that past performance does not guarantee future returns and never invest or trade money that you cannot afford to lose. So what is the potential for the price of silver in the future? Below, we look at some of the latest analysts' projections.