Global macro trends often determine the worth of silver for buyers and sellers. The supply of and demand for this precious metal, along with inflation and the increase or decrease in money—particularly dollars—will play a significant part. Below, the precious metals experts from First National Bullion, the silver and gold dealers San Diego collectors rely on for outstanding quality and service, outline some of the predictions about the worth of silver in 10 years along with the benefits of purchasing silver and reasons the precious metal could increase or decrease in value.

10-Year Prediction

According to many long-term forecasts, the value of silver is expected to go above $70 per ounce in 10 years, and some even predict it will get close to $80 per ounce. However, this amount could increase. Most value increases are due to supply and demand based on past market prices and predictions.

Compared to other precious metals, such as gold, silver can be more volatile for various reasons, including its smaller market and lower market equity. You can speak with a professional at a precious metals boutique to learn more about the current worth of silver, the predictions for the next 10 years, and more.

Past Increases

Between 2010 and 2020, most commodities went into a bear market, which caused the value of silver to drop between 50 percent and 90 percent. That was a brutal hit to silver. However, within the past year, the value increased, and silver is considered a better investment than other precious metals, including gold. This is due to different reasons, such as insufficient silver suppliers and inflation.

Many believe silver is a hedge against inflation, allowing the precious metal to continue performing well if the economy crashes or experiences critical changes. However, decreases may follow most increases, especially if the supply exceeds the demand.

Potential Decrease

During poor economic periods, silver’s worth could decrease. This isn’t due to its production. A decrease often occurs because investors spend less on extravagant purchases, including silverware, silver jewelry, coins, etc. The reduced demand is what causes the potential decline.

The good news is that silver is set to have a terrific decade and hit a 10-year high in the future, according to surveys, studies, and international nonprofit organizations such as the Silver Institute. 

Is Silver Safe to Invest In?

Although price fluctuations are among the most crucial downsides to purchasing silver, it’s considered a safe investment because its value isn’t based on fiat currencies. Another one of the most popular reasons silver is chosen as an investment is that compared to other precious metals, it’s protected even if bonds, shares, and other assets lose their value.

To learn more about silver market trends, purchasing methods, and safety risks, speak with professionals from a precious metals boutique. They can give you more insight into the different types of markets, such as a bear or bull market, and how silver can retain its value and solid purchasing power. 

Whether you’re a veteran precious metals collector or you’re simply wondering how much your old silver coins might be worth, reach out to the experts at First National Bullion. In addition to buying and selling coins, we also offer a huge selection of gold, platinum, and silver bars. San Diego collectors who are looking for the finest-quality coins, bars, and bullion should give us a call to speak with one of our precious metals experts. 

The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.