Citi Predicts Silver to Hit $150 in Three Months, Calls it 'Gold on Steroids'
Commodities
C
CNBC TV18•28-01-2026, 05:08
Citi Predicts Silver to Hit $150 in Three Months, Calls it 'Gold on Steroids'
- •Citigroup Inc. forecasts spot Silver prices could reach $150 an ounce within the next three months.
- •Silver has already seen a record run, surging nearly 50% in January, marking its best start to the year in decades.
- •Citi attributes the rally to continued Chinese buying momentum and the need for higher prices to encourage selling.
- •Analysts describe Silver as 'gold squared' or 'gold on steroids', expecting the trend to continue until it becomes historically expensive relative to gold.
- •The iShares Silver Trust ETF saw a $40 billion turnover, nearly matching the SPDR S&P 500 ETF and doubling Nvidia's and Tesla's turnovers.
Why It Matters: Citi projects a significant surge in Silver prices to $150, driven by strong demand and market dynamics.
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