Silver traded higher around $24.6 per ounce on Tuesday, close to a near one-week high of $25 reached in the previous session, as the greenback steadied amid caution ahead of the deadline to reach an agreement on a fresh US coronavirus stimulus package. Investors also wait for the final debate between US President Donald Trump and his Democratic challenger Joe Biden on Thursday. Still, concerns over a subdued demand for industrial metals in Europe limited the white metal's advance.
Historically, Silver reached an all time high of 49.51 in April of 2011. Silver - data, forecasts, historical chart - was last updated on October of 2020.
Silver is expected to trade at 23.66 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 21.46 in 12 months time.