Forecasts for 2024 from industry analysts, including The Silver Institute, point to the prospect of a fourth consecutive annual silver shortage, as well as a second record level of demand. As GOLDSEEK notes, silver could rise in price to $35–50 per ounce this year. This is also evidenced by the sentiments of market participants, which are reflected in the chart. The bullish flag has already been broken, all that remains is to add a few fundamental triggers that will be released in the near future, and silver quotes will fly into space.
