Silver Price Forecast 2026: Will the Silver Rally Stall at $60 – or Charge Toward $100?
Spot silver hit a record $54.38 per ounce in November 2025, up 160% from late 2023, driven by industrial demand and supply deficits. The Silver Institute projects a fifth consecutive annual shortfall in 2025. Bank of America forecasts a 2026 high near $65 and an average price around $56.25. Wholesale shortages and high lease rates have tightened the market.