Silver Will Be Bullish Bofa

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Silver Will Be Bullish Bofa

Silver Will Reach $65 In 2026

Silver prices have already broken the high it made back in 1980. What's more impressive is that Bank of America now forecasts the Silver will reach $65 by the end of 2026.

If we look around, it was the Gold that made headlines because of its spectacular bullish run. But Silver also enjoyed a similar bullish move and is already trading at record highs.

Silver Prices Will Be Bullish In 2026 And 2027

The record bullishness in Gold and Silver was mostly attributed to global fears and geopolitical risks. Also, investors are now more fearful than ever about the erosion of fiat currencies like USD, GBP, etc.

And just like Gold, we also saw several short squeezes in Silver, which sent it to record highs. As per BoA, the average price of Silver in 2026 will be around $56.50.

quick look at the Silver chart shows that it is trading just above the $50 and below the $55 resistance. But what's more impressive is that Silver broke the $50 level, which was only touched back in 1980.

BoA also added that there are very clear fears about higher debt levels and budget deficit in the USA. On top of that, there's also uncertainty over how the Federal Reserve will shift its policies in 2026.

So, we can expect the Federal Reserve to change its policies that will favor the precious metals. This means there's one more thing that supports the thesis of higher Silver prices in 2026.

BoA also commented on how the demand for Silver will decline by 11% in 2026. They think the retail demand will suffer as the Silver prices are at record highs. But despite this, Silver is still expected to perform exceptionally well.

Also, the bank added that the Silver market will go through a period of supply shortage. Meanwhile, HSBC believes that Silver prices will be around $44 in 2026.

Earlier, HSBC had issued a forecast of around $34 for Silver in the year 2026. By the end of 2027, HSBC thinks Silver prices will be around $40.

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