Silver Prices

03-04-2026 - Over the past month, the silver market has experienced a significant price drop, with values falling from $82.923/oz to $72.735/oz. This decline suggests a shift in market dynamics, potentially due to changes in demand or supply. The forecast predicts a further decrease to $70.89/oz, representing a -2.5% decline from the current price of $72.735/oz, indicating a potential downward trend for silver.

The forecast presents mixed signals. Technical data, influenced by Futures Curve and Trend Following, indicates a downward pressure of -0.62 $/oz. While Flows suggest upward pressure, the combined impact of Demand, Supply, and Technical data points towards a decline in silver prices.

Contrastingly, recent analyses offer a bullish perspective for the COMEX silver market in the upcoming month. A report from FX Leaders highlights that silver is in a consolidation phase after reaching a yearly high of $96.18, with current trading around $82.90 to $83.10. Despite short-term pressures from a strong U.S. dollar, the report suggests a positive long-term outlook due to a genuine shortage and potential for a short squeeze. This analysis implies that silver prices might gain upward momentum, presenting a contrary view to the forecast's prediction of a decline to $70.89/oz.