--- title: Is $30 Silver Within Reach? description: The Silver Institute is forecasting that investors will see silver reach $30 per ounce as a record 1.2 billion ounces in demand are projected for 2024. image: https://blog.assetstrategies.com/hubfs/PAMP-Kilo-Silver-Bar.jpg --- [Skip to content](https://blog.assetstrategies.com/always-something-interesting/is-30-dollar-silver-in-reach#main-content) [Contact us](mailto:infoasi@assetstrategies.com) [![](https://blog.assetstrategies.com/hs-fs/hubfs/ASI_Logo_NoTag_RGB.png?width=126&height=50&name=ASI_Logo_NoTag_RGB.png)](https://www.assetstrategies.com) Open main navigation Close main navigation - [Contact us](mailto:infoasi@assetstrategies.com) Feb 20, 2024 8:00:00 AM # Is $30 Silver Within Reach? [ASI](https://blog.assetstrategies.com/always-something-interesting/author/asi) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://blog.assetstrategies.com/always-something-interesting/is-30-dollar-silver-in-reach) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.assetstrategies.com/always-something-interesting/is-30-dollar-silver-in-reach) [Twitter icon](https://twitter.com/intent/tweet?url=https://blog.assetstrategies.com/always-something-interesting/is-30-dollar-silver-in-reach) [pinterest-p icon](http://pinterest.com/pin/create/link/?url=https://blog.assetstrategies.com/always-something-interesting/is-30-dollar-silver-in-reach) [envelope icon](mailto:?body=https://blog.assetstrategies.com/always-something-interesting/is-30-dollar-silver-in-reach)   While gold rebounded on holiday trading after two consecutive weeks moving down, this lift will likely be short-lived. Precious metals are under increased pressure from high interest rates that shows no sign of letting up. Recent CPI and PPI results have made it less likely that the Fed will cut rates in the next few months. Most investors now aren’t anticipating a rate cut until at least the second half of the year. Silver fell 3.8% in January after dropping 6.1% in December and advancing 12% in November. Silver ended 2023 essentially flat, despite major market drivers indicating that silver is currently undervalued and should be ready to take off soon.  More big moves are coming in silver over the next few years, if key metrics are to be believed. The Silver Institute is forecasting that investors will see silver spot prices reach $30 per ounce in 2024 as a record 1.2 billion ounces in demand are projected for the year. Drivers for demand, particularly on the industrial and manufacturing side, are expected to increase drastically over the next decade, while silver supply is set to diminish for the third consecutive year. The combination of dwindling supply and rising demand may send silver skyward over the next few years, so the time to act is now! To help you take advantage of the current market situation, we're offering another way to [add silver to your holdings](https://assetstrategies.com/kilo-silver-bar). 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Offer expires Friday, February 23, 2024, or while supplies last.***   [silver](https://blog.assetstrategies.com/always-something-interesting/tag/silver), [gold silver ratio](https://blog.assetstrategies.com/always-something-interesting/tag/gold-silver-ratio), [wealth insurance](https://blog.assetstrategies.com/always-something-interesting/tag/wealth-insurance), [bull market](https://blog.assetstrategies.com/always-something-interesting/tag/bull-market), [precious metal](https://blog.assetstrategies.com/always-something-interesting/tag/precious-metal), [investing](https://blog.assetstrategies.com/always-something-interesting/tag/investing), [investment strategy](https://blog.assetstrategies.com/always-something-interesting/tag/investment-strategy), [bullion](https://blog.assetstrategies.com/always-something-interesting/tag/bullion), [alternative investments](https://blog.assetstrategies.com/always-something-interesting/tag/alternative-investments), [silver coin](https://blog.assetstrategies.com/always-something-interesting/tag/silver-coin), [safe haven investment](https://blog.assetstrategies.com/always-something-interesting/tag/safe-haven-investment) ## Related posts [![1 oz. silver american eagle](https://blog.assetstrategies.com/hs-fs/hubfs/images.jpg?height=200&name=images.jpg)](https://blog.assetstrategies.com/always-something-interesting/is-silver-surge-a-result-of-saudi-backing) [silver](https://blog.assetstrategies.com/always-something-interesting/tag/silver), [wealth insurance](https://blog.assetstrategies.com/always-something-interesting/tag/wealth-insurance), [central banking](https://blog.assetstrategies.com/always-something-interesting/tag/central-banking), [investment strategy](https://blog.assetstrategies.com/always-something-interesting/tag/investment-strategy), [bullion](https://blog.assetstrategies.com/always-something-interesting/tag/bullion), [alternative investments](https://blog.assetstrategies.com/always-something-interesting/tag/alternative-investments), [silver coin](https://blog.assetstrategies.com/always-something-interesting/tag/silver-coin) ## [Is Silver Surge a Result of Saudi Sovereign Wealth Fund Backing?](https://blog.assetstrategies.com/always-something-interesting/is-silver-surge-a-result-of-saudi-backing) [ASI](https://blog.assetstrategies.com/always-something-interesting/author/asi) Sep 30, 2025 8:00:01 AM Seize this moment—silver is making global headlines, and top financial institutions are taking... [Read more](https://blog.assetstrategies.com/always-something-interesting/is-silver-surge-a-result-of-saudi-backing) [![Gold-Silver Ratio](https://blog.assetstrategies.com/hs-fs/hubfs/GSR_May22.png?height=200&name=GSR_May22.png)](https://blog.assetstrategies.com/always-something-interesting/a-real-opportunity-in-silver) [inflation](https://blog.assetstrategies.com/always-something-interesting/tag/inflation), [U.S. dollar](https://blog.assetstrategies.com/always-something-interesting/tag/u-s-dollar), [silver](https://blog.assetstrategies.com/always-something-interesting/tag/silver), [gold silver ratio](https://blog.assetstrategies.com/always-something-interesting/tag/gold-silver-ratio), [investment strategy](https://blog.assetstrategies.com/always-something-interesting/tag/investment-strategy), [alternative investments](https://blog.assetstrategies.com/always-something-interesting/tag/alternative-investments) ## [A Real Opportunity in Silver](https://blog.assetstrategies.com/always-something-interesting/a-real-opportunity-in-silver) [ASI](https://blog.assetstrategies.com/always-something-interesting/author/asi) May 23, 2023 8:15:00 AM Silver, as well as gold, has taken a bit of a dip recently, after touching the highest levels seen... 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Frequently you... 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