The likelihood of silver reaching $50 an ounce this year is a ‘real possibility,’ according to analysts. More conservative yet bullish forecasts plot silver’s target range between $35 and $50. What’s driving the bullish outlook? The global silver supply is expected to climb amid a fourth straight annual deficit in global supplies. The surge in silver demand reflects both monetary and industrial interests. And finally, the current gold-to-silver ratio is on the high side (between 85 and 90), suggesting that silver is undervalued. A Macro Look at Silver’s History and Current Price Targets CHART 1. MONTHLY CHART OF SILVER FUTURES ($SILVER). Note the vast expanse of the current analyst price target range. Chart source: StockCharts.com. For educational purposes. If you look at the monthly 15-year chart of silver, you’ll note that the “poor man’s gold” hasn’t reached anywhere near $50 an ounce since it spiked in 2010. While several analysts…
