Silver surged to above $26 an ounce in the fourth week of December, after US Congress has agreed on a $900 billion coronavirus-aid bill while a new and more virulent strain of the COVID-19 was announced in the UK. Still, progress on COVID-19 vaccines and prospects for a swifter economic recovery continue to cap gains. Silver is up around 48% so far this year.
Historically, Silver reached an all time high of 49.51 in April of 2011. Silver - data, forecasts, historical chart - was last updated on December of 2020.
Silver is expected to trade at 25.54 USD/t. oz by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 23.17 in 12 months time.