Bank of America forecasts a short-lived silver spike above $100 in late 2026 before prices retreat to $75 by mid-2027.
Silver may rebound to $100 an ounce in the fourth quarter of 2026, driven by a potential gold rally and speculative flows, according to Bank of America analysts. The metal, currently below $75, has lost over a third of its early-2026 peak value near $120.
The bank’s team, led by Head of Metals Research Michael Widmer, expects the rally to be temporary due to weakening fundamental demand. By the second quarter of 2027, silver is projected to fall back to around $75, matching current levels.
Analysts noted that silver often amplifies gold’s moves during geopolitical or inflation-driven surges but lacks sustained momentum. The forecast balances near-term optimism with longer-term caution.