Silver Price Forecast: Bank of America Sees Possible $100 Rally

Silver reached $120 an ounce at the start of 2026 but is currently trading below $75, marking a decline of over 33%. Bank of America analysts estimate that silver could spike above $100 per ounce in Q4 2026, primarily driven by a potential rally in gold. However, they warn that such a rally would not be sustained due to predicted easing fundamental demand and increased efficiency in industrial usage, particularly in photovoltaic panel manufacturing. By Q2 2027, BofA forecasts silver to revert back to around $75 per ounce, indicating a mixed outlook for investors.