Silver Price Today Chart, Forecast 2025, 2030, 20240 & Investment Outlook

After the silver price hit multi-year highs and then recently faced a sharp correction, silver has everyone’s attention again. Whether you are a trader or a long-term investor, it’s very important to know where silver might go next. Let’s have a deep and long-term look at silver prices, adopting a long-term forecast for the upcoming years 2025,2030, and 2040. Based on fundamental and technical factors taking place in the market where we stand now, we can expect based on such data.

According to the Silver Institute, silver prices surged to their highest level in 13 years in June amid the ongoing geopolitical tensions and economic uncertainties, along with positive price expectations. The average annual increase in silver is 25% through the first six months of 2025.

The annual increase in silver is lower than in gold by only 1%. The average annual increase in gold prices is 26% during the same period. Looking at the gold-silver ratio in April and May, it indicates that silver is undervalued from a long-term perspective. This means that silver prices still have more potential to go up.

One of the main factors supporting the silver price surge is the industrial demand. If you look at your smartphone, laptop computers, or even batteries, you will see that all of these devices are consuming silver. The technology industry is one of the most consuming industries for silver, which is why the demand for silver is increasing day by day.

Important to know that the silver market is 200 times smaller than the gold market, silver remains inexpensive relative to gold, and the GOLD-SILVER ratio is 88% which indicates that the silver price is undervalued. The market awaits this ratio to rebalance toward the 50-year average of around 60.

With these insights, the advice is to take advantage of the current gold-silver ratio and not miss this opportunity for allocating silver in your investment portfolio. Let’s have a deeper look at the silver price in today’s chart.

Silver Price Today Chart

After two days of losses, silver finds a ground and is trading around $49.30 per troy ounce at the time of writing. Silver prices may further appreciate, fueled by higher demand for safe-haven assets due to risk-averse sentiment in the market. Traders are cautious ahead of the United States (US) inflation data for September. Its figure will be released on Friday.

You need to keep in consideration that the US government shutdown delays key US economic data releases. The non-farm payroll has been delayed, adding to uncertainty for financial markets and the Federal Reserve. This makes it a little bit difficult for policymakers to anticipate future economic shifts or even the Fed’s interest rate.

According to a Reuters poll, 115 out of 117 economists have predicted that the Fed will reduce interest rates by 25 basis points to 3.75%-4.00% in the upcoming announcement on October 29. And 83 of 117 economists expect a cut in rates twice, while 32 anticipate once cut a year.

Silver Price Live Overview:

Based on the daily chart of silver, after reaching the all-time high of $54.86 on October 16, silver does a deep correction, reaching $47.44, the low of October 7. The RSI falls from 80 to 54, which indicates that buyers lose their bullish momentum. As long as we are above the 50 mark on the RSI indicators, this bearish momentum can be considered as a short-term correction for profit taking and also because the market was overbought. Holding above 50 means that bulls remain in control.

The MACD shows a bearish crossover with a bearish histogram on the daily chart. This confirms RSI indications that we will see a short-term correction in silver prices. A clear day close below the Bollinger band’s resistance level of 49.46 could pave the way to reach the support level of $44.71.

On the bullish scenario, A clear close above the $49.46 level could pave the way to retest the all-time high reached on 16 October at $54.86.

What Influences Today’s Silver Price?

Fundamentally, the easing of the US-China trade deal improved market sentiment and weakened the demand for safe-haven assets, including silver. Markets are trading cautiously due to the optimistic announcement made by Donald Trump this week. He said that we are seeking a “fair deal” with China. Also said that he expects to strike several agreements with Chinese President Xi Jinping during the scheduled meeting in South Korea next week.

Trump-Xi discussions are expected to cover a wide range of deals, including US soybean exports, limiting nuclear weapons, and China’s purchases of oil from Russia.

Silver Price Per Ounce:

Silver spot prices rose on Thursday, 23 October,2025 2.59%. It trades at $49.15 per troy ounce, which is up 1.31% from the previous day’s trades. From the beginning of the year, silver prices increased by 70.10%.

• Troy Ounce 49.15
• 1 Gram 1.58 dollars.
• The gold/Silver ratio is 83.74. (showing how many ounces of silver are needed to purchase one ounce of Gold).

Market Sentiment:

1. The industrial demand is continuously increasing from the green economy, solar panels, the automotive sector, and AI applications. All of these innovations are increasing silver demand, which supports the long-term expectation of higher silver prices in the following decades. according to the silver institute.
2. A key driver of long-term sentiment comes from the supply deficit for 2024 and 2025. According to research, by 2030, silver supply will meet only 62-70% of demand, projected at 48,000-54,000 t/y.
3. The solar industry is expected to be the fastest-growing source of silver demand from other sectors, and it may rise to 38,000-40,000 t/y. This accounts for 72% of the primary silver produced raw.

The upper photo indicates that silver demand exceeds its supply, suggesting higher long-term prices for the upcoming years, particularly in 2030, as illustrated in the diagram. The red-shaded area represents the total silver demand, projected to rise sharply, potentially exceeding 45,000 t/y by 2030.

This surge is driven by two factors: competing demand (yellow area) and PV silver demand (blue dashed lines). The widening gap between static supply and surging demand suggests a period of sustained scarcity. Now, you can imagine how this scarcity could surge and boost silver prices globally!

Silver Price Today in India:

As of October 23, 2025, the silver price in Mumbai, India, and Delhi is approximately:

• 1,59,000 rupees for 1 kilogram.
• which is 159 rupees per Gram.

How USD/INR Exchange Rate and Import Duties Influence Silver Price?

The final price of silver in the indian domestic market is significantly influenced by factors beyond the global spot price. As India is the major importer of the metal:

1. Currency exchange of USD/INR, as silver is traded internationally in US dollars. When the indian rupee weakens against the USD, the cost of importing silver increases directly. This cost is passed on to the consumer, making silver more expensive in the domestic market, even if the global price remains stable.
2. Due to the duties and goods, and services taxes imposed on imported silver. The silver price on domestic markets in India has a premium, which is why it’s higher than the global spot price.

Silver Price Chart- Historical Trends:

The 10-year silver price chart shows a strong uptrend since 2020. It was followed by a consolidation period between 2016 and 2019. After 2023, silver prices surged notably, driven by higher inflation expectations, growing industrial demand, and a weaker U.S.dollar. By 2025, the breakout above $40 signals renewed investor confidence in precious metals as a hedge against escalating geopolitical tensions and economic uncertainties.

The 30-year silver price chart shows major cycles in the silver market. Prices remained relatively stable below $6 in the late 1990s before rallying sharply during the 2008-2011 commodity boom, and then silver peaked near 48 in 2011. After a long consolidation period between 2013 and 2020, silver began a renewed uptrend supported by the Covid-19 crisis.

By looking at this historical performance, we can grasp the idea of how silver is performing in the long run. At this pace, we can make some observations about how silver prices may behave in 2025,2030, and 2040, amid huge industrial demand, and supply deficit (as we mentioned above).

Silver Price Forecast 2025, 2030, and 2040:

with all factors discussed throughout this article, we can be optimistic about silver price performance. Breaking above all time high of $58.00 level this year is expected, driven by the strong possibility of two Fed rate cuts during 2025. it wouldn’t be surprising to see silver prices reach around $65-$70 by the end of 2025.

For 2030, the surge in silver demand driven by industrial use which is projected to rise significantly to around 45,000 t/y by 2030 as statistics show. This could push silver prices toward $90-100. By 2040, we may see new all time highs above $100 . These expectations assume all other factors remain constant, focusing only on the supply deficit and demand surging.