The prices of precious metals have become a subject of speculation, especially after gold reached a new all-time high of $2,500 amid lingering recession fears.
With gold soaring, attention has now turned to silver’s short-term price trajectory, particularly as investors look forward to 2025. To assess the potential price movement of silver at the start of 2025, Finbold consulted OpenAI’s artificial intelligence (AI) tool, ChatGPT-4o, which provided predictions for silver’s value at the beginning of the year.
The AI tool considered several factors and presented a speculative range based on current data and trends.
Picks for you
Silver’s key fundamentals
According to ChatGPT-4o, the health of the global economy plays a crucial role in silver pricing. A continued economic recovery could drive up demand for silver, especially in industrial applications. Conversely, any signs of economic slowdown might dampen demand.
Additionally, the AI model noted that silver is often viewed as a hedge against inflation. If inflation remains high or escalates, investors may turn to silver as a safe haven. However, rising interest rates, which strengthen the dollar, could place downward pressure on silver prices.
Silver’s applications in industries such as electronics, solar energy, and medicine significantly impact its demand. Increased adoption of technologies that utilize silver, like solar panels, could drive prices higher.
At the same time, the AI tool observed that the availability of silver from mining and recycling affects its supply. Disruptions in key silver-producing regions or changes in mining regulations could influence prices. Additionally, political instability and international tensions often lead to higher demand for precious metals, including silver, as safe-haven assets, according to ChatGPT-4o.
Silver price prediction an analysis
Based on these fundamentals, the AI platform noted that speculative trading and investor sentiment could lead to short-term price fluctuations. Positive sentiment in the commodities market might push silver prices up.
Given these factors and the current price of silver at $28.98, ChatGPT-4o provided a speculative range for the metal’s price at the start of 2025. In an optimistic scenario, the tool projected that silver will likely trade at $35 – $40 at the beginning of 2025, while a neutral scenario could see the metal trading at $30 – $35. However, in a pessimistic scenario, silver will likely trade at $25 – $30.
Meanwhile, an analysis by Gold Predictors in an X post on August 18 noted that silver has recently bounced back from a crucial level, demonstrating the resilience and strength of its ongoing bullish trend.
As previously highlighted by the analysts, the $26.80 mark served as a critical point for executing a swing trade, acting as a strong support level. The price has since rebounded from this “important junction” and is now moving upward, aiming toward the upper blue trend line shown in the chart.
This rebound reinforces the bullish sentiment in the silver market, with the overall trend remaining robust.
According to the analysts, silver’s next possible targets range between $35 and $50. This rally aligns with the broader trend that has been building momentum over recent months, positioning silver as a compelling asset for traders and investors alike.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
