Silver Price Forecast: Citi Predicts $150/Ounce Amid Surging Demand
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News18•30-01-2026, 14:01
Silver Price Forecast: Citi Predicts $150/Ounce Amid Surging Demand
- •Citi has significantly raised its near-term silver price forecast to $150 per ounce, up from an earlier $100, citing strong investment demand and tightening physical supply.
- •The upgrade follows a more than 30% surge in silver prices over the past two weeks, overshooting previous targets.
- •Citi describes silver as "gold on steroids," with investors rotating from gold due to silver's perceived undervaluation and higher upside potential.
- •A key driver is a growing physical silver shortage, particularly in US trading hubs, fueled by geopolitical tensions and economic self-reliance concerns.
- •Silver prices have nearly doubled since December, with strong retail demand from China and India, despite some negative signals like declining ETF holdings.
Why It Matters: Citi projects silver prices to hit $150/ounce soon, driven by robust demand and a tightening physical market.
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