Silver Price Prediction: Citi Forecasts $150/Ounce in 3 Months Amid Supply Shortage
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News18•30-01-2026, 14:05
Silver Price Prediction: Citi Forecasts $150/Ounce in 3 Months Amid Supply Shortage
- •Silver prices saw a slight decline today, with 1 gram selling for ₹415 and 1 kg for ₹4,15,000.
- •Brokerage firm Citi predicts silver prices could reach $150 per ounce in the next 0-3 months, up from a previous estimate of $100.
- •The surge is attributed to market bullishness, investment shift to precious metals, and increasing industrial demand.
- •Silver prices have risen over 30% in the last two weeks, with investors moving from gold to silver due to silver's lower relative value.
- •Supply shortages and strong investment demand, fueled by geopolitical tensions, are key drivers, despite declining ETF holdings.
Why It Matters: Citi forecasts silver prices to hit $150/ounce in 3 months, driven by demand, investment shift, and supply issues.
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