I don't know. The rumours via people like "Dusk Golem" have me slightly excited about a possible return, but the lack of news over the past 8 years about this series has, quite frankly, been more frustrating than anything else.
Silent Hill was my second favourite series for quite a number of years, second only to Resident Evil. Although I'm of the belief that the RE Engine is not what everybody makes it out to be and the series as a whole is getting rather shitty now, I still consider it my all-time favourite video game franchise. I'm now more into The Last of Us, Days Gone and The Evil Within (because they aren't cheaply made) than I am Resident Evil.
They're arguably underrated games that people for some reason, seem to like to shit on. And I cannot believe that I'm calling Sony titles "underrated" games, but they kind of are. But those games have more of a backbone to them, in that there's so much more to do, and visually, they're all splendid.
The last good Silent Hill title was probably Origins. That was way back in the mid-2000s, though. Homecoming has awful combat mechanics, but is backed by an okay story, and Downpour is very below average. And not having Team Silent behind the games was probably why they failed.
Many survival horror games aren't grabbing me by the neck anymore. I think companies are too busy copying trends and soaking the art out of them. People are acting like the remakes of RE2 and 3 are winners, but honestly, they felt like overpriced junk I wish I could disown. Especially RE3. It's a cheesy, short, and soulless game. But for some reason, Capcom gets more praise than Naughty Dog, and other major publishers. I honestly think that's kind of pathetic, giving that Capcom is just doing these games as a cash grab, and even Resident Evil 8: Village sounds bland already.