How High Can Silver Rise?

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Nearby COMEX silver futures settled at $24.04 per ounce on December 31, 2022, and posted a 2.95% gain last year. In Q1 2023, the metal settled slightly higher at the $24.156 level, up 0.46% for the three months. After the first three weeks of Q2 2023, silver probed above $26 per ounce and was at the $25.058 level on Friday, April 21. The volatile silver futures market reached a pandemic-inspired bottom at $11.735 per ounce in March 2020, the lowest price since January 2009. Silver has not traded below $10 since December 2008. In February 2021, nearby silver futures prices reached $30.16, the h…

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