Silver traded at 10-week highs above $27 per troy ounce on Friday, supported by expectations of increased industrial demand as the economic recovery gathers pace. Also, the dollar index lost further ground from a 2-week high and US Treasury yields remained below 1.6%.
Historically, Silver reached an all time high of 49.51 in April of 2011. Silver - data, forecasts, historical chart - was last updated on May of 2021.
Silver is expected to trade at 26.54 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 24.07 in 12 months time.