Silver Price Forecast: Why Silver Could Still Reach $300 Despite Pullback
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Key Points:
- Silver remains bullish over the long term as supply deficits, industrial demand, renewable energy growth and AI infrastructure support the market.
- Short-term pressure from the U.S. dollar and Treasury yields may push silver toward the $50–$60 buy zone before the next major rally begins.
- A break above $90 could reopen the path toward $120, while a breakout above $120 may confirm the longer-term move toward $250–$300
Silver (XAG) prices face short-term pressure due to the strength in the US dollar and Treasury yields. But the long-term picture remains strongly bullish. In my view, any price correction to the $50-$60 range will signal the next big bottom before the price heads to break record levels. This article discusses the macro drivers, long-term price structure, key support areas and correlation of silver with gold, stocks and bitcoin to understand the next move in the silver market.