Silver price is already trading near $60, but one analyst (called “THE FUDA” on X) thinks the current move could eventually lead to something far bigger. His long-term chart maps out a scenar
Silver price is already trading near $60, but one analyst (called “THE FUDA” on X) thinks the current move could eventually lead to something far bigger.
His long-term chart maps out a scenario where silver first completes its current correction around $50, with a possible overshoot toward $46, before beginning a multi-year advance.
From there, the forecast becomes extremely aggressive.
The analyst predicts silver potentially rallying toward $600, correcting back toward roughly $220, and then beginning one final major advance toward $1,100 per ounce by around 2031.
The first part of the setup is much more grounded than the final target.
Silver traded above $60, and the analyst expects the current correction to continue into a major support area around $50.
His chart allows for a deeper move toward $46, but he treats that zone as the likely end of the current corrective phase.
From an Elliott Wave perspective, the analyst appears to be labeling the current decline as a Wave 4 correction after the powerful advance that began in 2024.
Source: X/@theFudaa
If that interpretation is correct, the next major move would be Wave 5 higher.
The next projected leg takes silver from around $50 toward approximately $600.
That would represent a gain of more than 1,000% from the proposed bottom.
The chart then shows another large correction, potentially taking silver back toward the $220 area.
Only after that does the analyst project the final move toward roughly $1,100.
So this is not a straight-line forecast.
The structure assumes several huge advances and equally violent corrections over the next five years.
Read also: Gold and Silver Price Predictions for October
This is where the forecast becomes very difficult to justify with current fundamentals.
Silver reaching $100 would already represent a major historical repricing.
At $600 or $1,100, the market would need to experience conditions far beyond a normal precious-metals bull cycle.
That could require a combination of severe currency debasement, persistent inflation, supply shortages, extraordinary investment demand, or a major structural change in how silver is valued.
Industrial demand from solar, electronics, data centers, and electrification can support a long-term bullish case, but moving from $60 to $1,100 would require something much larger than normal demand growth.
The analyst’s $1,100 target is obviously the part that gets attention, but the $46-$50 zone is much more relevant in the near term.
If the silver price falls into that region and buyers defend it, the broader bullish structure on his chart would remain intact.
If price breaks decisively below that area, the wave count would become much harder to defend.
For now, the chart is an interesting long-term scenario rather than a realistic base-case forecast.
A move to $600 or $1,100 is possible in theory, but it would require a completely different silver market from the one investors are used to today.
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The post Silver Price Prediction: Analyst Maps a Wild Path From $50 to $1,100 appeared first on CaptainAltcoin.
