“US$100 Silver: Could It Really Happen by 2023? (Updated)

It’s no secret that silver prices have been steadily increasing over the years. But could an ounce of silver really hit US$100 in the near future? It may sound like a stretch, but recent analysis has suggested that it could in fact happen. First, let us take a look at the current price of silver. At the time of this writing, silver is trading around $25 an ounce. While this is quite a low price, research shows that it could easily double in just a few years. In fact, some experts believe that the price of silver could reach US$100 per ounce by the year 2023. Of course, there are a few factors to consider when thinking about such an extreme increase in price. For starters, silver prices tend to follow the same patterns as gold prices. If gold prices go up then silver prices typically do the same. So if gold prices continue to trend higher then it stands to reason that silver will go along for the ride. Additionally, the demand for silver is high and is only expected to increase in the near future. This is due to the fact that silver is being increasingly used across numerous industries due to its industrial properties and its wide range of uses. It’s also expected that a number of other economic and political factors could contribute to the increase of silver prices. For example, the current trade war between the United States and China may have an effect on commodity prices in general. Moreover, inflation could play a major part in influencing silver prices. All considered, the possibility of silver trading at US$100 per ounce by 2023 is certainly appealing. But it’s important to note that there are numerous factors that could cause silver prices to fluctuate significantly in the coming years. It’s wise to do your own research before making any investing decisions.

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