Although the price of spot silver has been moving in a sideways trend recently, the grey metal is recording buying interest, which has witnessed an uptick in the past couple of weeks, and a recent artificial intelligence (AI) model has provided insights on silver’s potential performance in 2025.
Indeed, silver’s price movements have lost their upside momentum and have recorded unimpressive action lately, but this seems to have only encouraged some investors to take the opportunity and ‘buy the dip’ in the expectation of improvement and, consequently, profit,in the future.
With this in mind, Finbold has asked Llama 3.1, the AI model by Meta Platforms (NASDAQ: META), to share information regarding the potential price performance of silver in 2025, as well as specific silver price range predictions from the standpoint of August 22.
As it happens, Meta’s AI platform has drawn upon available predictions by analysts like Keith Neumeyer, the CEO of First Majestic Silver, and AI-powered predictive models, such as those used by PriceVision, to set the potential price of silver in the estimated range of between $30 and $55 by 2025.
Specifically, according to Llama 3.1’s information, Neumeyer has predicted that silver could hit the price of $100 per ounce “eventually,” Reuters (NYSE: TRI) has set it at $30 per ounce in 2025, whereas PriceVision expects $48 per ounce “by mid-2024 or mid-2025.”
Investment expert’s silver price prediction
Elsewhere, retired investment expert Kevin Bambrough has recently opined that demand for silver might soar due to Samsung launching a new solid-state (SS) battery for electric vehicles (EVs) that includes silver as a key component, expecting it to carry as much as five grams of the precious metal per cell.
As he explained, “a typical EV battery pack containing around 200 cells for a 100 kWh capacity could require about 1 kg of silver per vehicle” and, given the worldwide car production “at about 80 million vehicles per year,” if 20% of these vehicles adopt Samsung’s SS batteries, “the annual demand for silver would be around 16,000 metric tons.”
Taking these factors into consideration, Bambrough believes that silver could reach its all-time inflation-adjusted high of $200 per ounce in the next 10-15 years, based on its historical demand and price behavior amid shortages, concluding that:
“All one needs to do is look back at the silver chart of the 1970’s to see how explosive the precious metal can move skyward when a true shortage develops, and speculators decide to hoard. My bet is… we will hoard.”
Silver price analysis
Meanwhile, the price of silver at press time stood at $29.58 per ounce, reflecting a 0.01% decline in the last 24 hours, an increase of 4.57% across the previous seven days, a 1.68% gain on its monthly chart, as well as an advance of 20.15% in the past year.
So, how much is a kilo of silver worth? Notably, based on the prices of the popular precious metal at the time of publication, a kilogram of silver goes for $951, while the cost of silver per gram presently stands at $0.95, according to the data on August 22.
All things considered, Meta AI’s chatbot predictions could be correct, especially as they rely on data and analysis from various reputable sources online. However, doing one’s own due diligence is critical when investing, as things in any market can quickly change.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Source: https://finbold.com/meta-ai-predicts-silver-price-for-2025/