Silver Futures
Precious metals · Monthly series · COMEX:SI1!
Latest, October 2026
49.28 USD/APZ
-18.6% from September 2026
Forecast
No forecast is cached this cycle.
AI confidence
No forecast yetEvidence will appear when a forecast and its backtests are available.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Previous comparisonThe stored comparison uses earlier data or a previous model roster. A new four-model comparison is not scheduled.
Models tested
AutoETS scored lowest on the 6 older tests (0.99) and was chosen. The 6 recent tests played no part in the choice and give its grade (1.00). The search for a model that beats the naive forecast on both sets of tests goes on. These tests predate the latest data. An eligible nightly batch can repeat them. Scores are MASE: a model's errors divided by the naive forecast's, so 1 is a tie.
4 model classes completed the tests: Statistical, Foundation model, Neural network, Machine learning.
| Model | Class / library | Older tests | Recent tests | Role |
|---|---|---|---|---|
| AutoETS (statistical) | Statistical · StatsForecast · CPU | 0.99 | 1.00 | Serving |
| Naive forecast (last value held) | Benchmark · CPU | 1.00 | 1.00 | Benchmark |
| Timestral (foundation model) | Foundation model · Timestral · GPU | 1.01 | 1.02 | Tested |
| N-HiTS (neural network) | Neural network · NeuralForecast · CPU | 1.22 | 0.85 | Tested |
| CatBoost (machine learning) | Machine learning · MLForecast · CPU | 1.44 | 0.99 | Tested |
Reading
It is above 91% of the 119 earlier readings since November 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| October 2026 | 49.28 USD/APZ |
| September 2026 | 60.57 USD/APZ |
| August 2026 | 66.99 USD/APZ |
| July 2026 | 57.79 USD/APZ |
| June 2026 | 59.92 USD/APZ |
| May 2026 | 75.88 USD/APZ |
| April 2026 | 74.03 USD/APZ |
| March 2026 | 74.92 USD/APZ |
| February 2026 | 93.29 USD/APZ |
| January 2026 | 78.53 USD/APZ |
| December 2025 | 70.60 USD/APZ |
| November 2025 | 57.16 USD/APZ |
| October 2025 | 48.16 USD/APZ |
| September 2025 | 46.64 USD/APZ |
| August 2025 | 40.72 USD/APZ |
| July 2025 | 36.71 USD/APZ |
| June 2025 | 36.17 USD/APZ |
| May 2025 | 33.03 USD/APZ |
| April 2025 | 32.83 USD/APZ |
| March 2025 | 34.61 USD/APZ |
| February 2025 | 31.50 USD/APZ |
| January 2025 | 32.27 USD/APZ |
| December 2024 | 29.24 USD/APZ |
| November 2024 | 31.11 USD/APZ |
Source
Data: COMEX feed via TradingView.
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