Silver futures contracts price in the U.S. by month 2019-2022, with forecasts to 2027

Silver futures contracts to be settled in December 2027 were trading on U.S. markets at around 26.86 U.S. dollars per troy ounce on January 11, 2023. This is above the price of 24.04 U.S. dollars per troy ounce for contracts to be settled in December 2022, indicating silver traders expect the price of silver to decrease over the next five years. Silver futures are contracts that effectively lock in a price for an amount of silver to be purchased at a time in the future, which can then be traded on markets. Futures markets therefore provide an indicator of how investors think a commodities market will develop in the future.