AI Forecasts Silver Price at $35 per Ounce for 2024
Silver - A Precious Metal Investment with Potential
Silver is the eighth most valuable asset on Earth and a significant commodity, with a market capitalization of approximately $1.4 trillion. Historically, it has proven to be a reliable store of value, especially during periods of macroeconomic uncertainty.
Silver's Recent Performance
Since hitting a low in March 10, 2023, the price of silver has surged by almost 25%, currently hovering around $24.84 per ounce. Notably, industry experts like Robert Kiyosaki advocate for silver due to its dual role as an industrial and precious metal.
AI Forecast for 2024
Leading AI models, including Claude 3 Opus and ChatGPT-4, predict a positive outlook for silver, with projected prices ranging between $30 to $40 per ounce by the end of 2024. However, investors should be cautious as silver remains susceptible to market fluctuations and risks.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.