Silver Price Forecast – Silver Continues to Drag – FX Empire

Silver, once called the demure sister of gold, continues to fall behind in the metals race as we approach the end of 2024. This isn’t an overnight occurrence but a slow, painful grind that has been ongoing for several years now.

Investors and analysts have been bracing for the bearish tone in silver prices to shift, but the resilient drag continues unabated. This has heightened concerns about silver’s performance against surging gold prices and other booming precious metals.

Many factors contribute to the ongoing slump in silver. These are mainly global economic slowdown, rising US dollar, moderate inflation, and tempered investor sentiment.

As the year comes to a close, we anticipate that silver will continue on this downward trend, offering little solace to investors who have bravely hung on. However, the future remains as unpredictable as it always has been. Despite the current discouraging trajectory, a sudden game-changing event could flip the tables for silver.

Indeed, it is in times of difficulty and uncertainty that champions rise. Those willing to play the long game might yet find their patience rewarded when silver finally breaks its chains and rises once more. Read More