Silver Price Forecast Soars: Citi Predicts $150/Ounce Amid Supply Squeeze
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News18•29-01-2026, 10:33
Silver Price Forecast Soars: Citi Predicts $150/Ounce Amid Supply Squeeze
- •Citi significantly raised its silver price forecast to $150 per ounce for the next 0-3 months, up from a previous $100 estimate.
- •The revised forecast is driven by strong market momentum, increased investment in precious metals, and a tightening physical silver supply.
- •Silver prices have surged over 30% in the last two weeks, with Citi noting its behavior as "gold on steroids" due to investor shift from gold.
- •Physical market tightness, especially in US trading centers, and persistent supply-demand deficits are key factors supporting the rally.
- •Despite some negative indicators like decreased ETF holdings, Citi believes strong short-term momentum and physical market tightness will prevail.
Why It Matters: Citi dramatically increased its silver price forecast to $150/ounce, citing strong demand and tight supply.
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