Silver is in a trendless state since it peaked in the summer of ’16. It retraced right after, and has been consolidating in a range between $14 and $18. That said, what is our silver price forecast for 2018?

Looking back to the ongoing year (’17) it is fair to say that our silver price forecast got achieved. Our primary price target for silver, in this article written more than a year ago by InvestingHaven’s research team, was $14. Our viewpoint was that, depending on the evolution of the silver price, silver could fall to the 10 to 12 range, though we clearly indicated it was a stretched scenario (not very likely in other words, but should not be excluded neither).

Some readersgot upset with this forecast. That is not a problem per se. We are not investigating nor writing to make people happy. If anything, InvestingHaven’s team analyzes in an as neutral and unbiased way as possible to identify the best investment opportunities in the market.

Gold and silver are assets that evoke strong emotions with their investors. So we want to make the point to readers that they should not get upset if they read a bearish scenario in our articles. We always indicate when a bearish scenario is in play but also when it gets invalidated. So readers have to watch our price points or triggers rather than become upset because of us writing about a potentially bearish scenario.

The challenge with forecasting silver in 2018

We feel that 2018 will become very challenging to forecast silver’s price. We do not have a clear view at this point. There are opposing forces at play right now, and silver could go either direction, but, even importantly, remain trendless.

Before looking into the details suffice it to say that we want to present readers with a clear analysis that makes sense even if market conditions are unclear. We don’t want to write simply to write, and, in doing so, tell something meaningless, as this BI article does in telling something but also nothing about the silver price.