Rising Silver Prices Toward 2030—Future Investment Strategies in the Era of Financial Reorganization

As of early 2026, the financial markets are at a major turning point. The bullish trend in gold and silver prices suggested by Incrementum’s “In Gold We Trust” report reflects not just fluctuations in commodity markets but the broader restructuring of the global financial system itself. Particularly, toward 2030, silver prices and Bitcoin are rapidly gaining prominence.

Behind the forecast that “by the end of 2030, gold could reach $8,900,” emphasized in the report, lies a global financial disorder and the accompanying shifts in investor behavior. In this process, silver prices, as a representative of performance gold, hold the potential for greater upside than gold itself.

As the Rebuilding of the Financial System Advances, Silver and Gold Take on New Roles

The world economy is transitioning from the dollar-centric system that persisted since the 1990s to a multipolar currency regime. As indicated by Zoltan Pozsar’s concept of “Bretton Woods III,” tangible assets like gold and silver are regaining their status as anchors in international trade.

In this context, silver prices are beginning to serve dual functions: one as a store of value similar to gold, and the other as a reflection of industrial demand. Over the past five years, gold prices have risen by 92%, while silver prices still harbor significant upside potential. Historically, during bullish markets, silver tends to exhibit price swings more than twice those of gold, which explains why it is closely watched as an investment opportunity heading toward 2030.

Central Bank Massive Purchases Support Demand for Silver and Gold

Since the freezing of Russia’s foreign exchange reserves in 2022, central banks worldwide have accelerated their gold reserve acquisitions. They have purchased over 1,000 tons of gold for three consecutive years, and this trend is expected to continue until 2030.

Of particular note is the trend in Asia, especially China. According to estimates by Goldman Sachs, the People’s Bank of China will continue purchasing gold at a pace of about 40 tons per month, reaching nearly 500 tons annually. This scale accounts for about half of the total demand from central banks. Meanwhile, institutional interest in silver is also rapidly increasing, and the extent to which silver prices will rise by 2030 depends on this growing institutional demand.

The proportion of gold in foreign exchange reserves reached 22% in 2024, the highest since 1997. However, compared to the peak of over 70% in 1980, there remains considerable room for growth. The performance gold market, including silver, is likely to follow a similar recovery trajectory.

Scenario Analysis Toward 2030: Where Are Silver and Gold Heading?

Based on Incrementum’s 2020 model forecasts, two main scenarios are envisioned.

Base Scenario: Gold price is expected to reach around $4,800 by the end of 2030.
Inflation Scenario: Gold could reach as high as $8,900.
Current market prices already surpass the mid-term target of the base case, indicating a high probability that inflation risks are materializing.

Regarding silver, historical data suggests it tends to experience larger multiples of increase than gold. During the stagflation of the 1970s, silver’s real annual compound growth rate reached 33%, and similar or better performance can be expected even under current stagflation conditions.

Investment strategies toward 2030 suggest that silver prices are likely to accelerate faster than gold. This is because silver’s industrial demand (solar power, medical devices, etc.) is expanding, providing tangible backing beyond mere value storage.

New Asset Allocation Strategy: The Potential of Silver and Performance Gold

The traditional “60/40 portfolio” (60% stocks, 40% bonds) is no longer suitable for the modern investment environment. Incrementum proposes a new allocation as follows:

• Stocks: 45%
• Bonds: 15%
• Gold as a safe asset: 15%
• Performance gold (silver, mining stocks, commodities): 10%
• Commodities: 10%
• Bitcoin: 5%

The key innovation here is explicitly incorporating allocations to performance gold assets, including silver. Silver prices are expected to serve as a “relay runner” in the current bullish market dominated by gold, providing additional upside potential.

Over the period until 2030, investing in silver offers the potential for returns exceeding simple gold holdings. Especially at this stage, when large-scale institutional entry is still lagging, the upside for individual investors in silver prices is extremely significant.

Macroeconomic Backdrop Supporting Bullish Silver and Gold

Policies announced by the Trump administration in 2025 have dramatically altered the demand environment for silver and gold. Excessive US fiscal deficits, dollar depreciation policies, and new protectionist tariffs all contribute to inflationary pressures and dollar weakening.

US government debt interest payments already exceed $1 trillion annually, surpassing traditional defense budgets. Under these conditions, downward pressure on the dollar accelerates demand for assets that do not rely on national credit, such as gold and silver.

Meanwhile, in Europe, including Germany, a historic shift in fiscal policy is underway. The German government’s increased defense spending and a €500 billion large-scale debt financing program are amplifying inflationary pressures and currency instability in the eurozone.

This global inflationary environment is the strongest supporter of silver price increases toward 2030.

Potential Risks and Adjustment Scenarios

While a medium- to long-term upward trend is established, short-term correction risks cannot be ignored. The main risks highlighted in the report include:

• Sudden decline in central bank demand: Unexpected reduction in quarterly purchases, currently averaging 250 tons
• Diminishing geopolitical premiums: Unexpected resolution of conflicts in Ukraine, the Middle East, or US-China trade tensions
• Resilience of the US economy: If the economy remains strong, the Fed may pivot toward tightening interest rates
• Rebound of the dollar: Rapid recovery from its current oversold state

In the short term, gold could fall to around $2,800. However, this would be a correction within a bullish trend and not threaten the long-term upward trajectory toward 2030.

Complementary Roles of Silver, Gold, and Bitcoin

Interestingly, the rise of silver and Bitcoin is expected to occur concurrently. By 2030, Bitcoin could reach approximately $900,000, representing about 50% of the market capitalization of gold.

While gold provides “defensive stability,” silver offers higher growth potential, and Bitcoin offers geopolitical independence. These assets form a diverse portfolio with different core values. Under the motto “Gold for stability, Bitcoin for convexity,” the combination of gold, silver, and cryptocurrencies is poised to become the fundamental asset mix of the next era.

Conclusion: Toward an Era of Silver Prices and Financial Restructuring

The investment environment leading up to 2030 is not just about commodity market fluctuations but is closely linked to the global restructuring of financial order. Silver prices are set to play a true game-changing role in the process of gold’s re-emergence from the periphery to the mainstream.

Gold is regaining its function as a “portfolio stabilizer,” while silver is becoming an “aggressive growth driver.” The period until 2030 offers a rare opportunity for gold and silver to restore their status as “super-national settlement assets,” amid the loss of trust in traditional safe assets like government bonds.

In the current financial environment, the rise in silver prices and preparations for 2030 are an inevitable consequence of political and economic turmoil.