HSBC has raised its silver price forecasts, citing a weaker U.S. dollar and modest supply demand deficits.
The bank raised its average silver price forecast for 2026 to $68.25 an ounce from $44.50, and for 2027 to $57 an ounce from $40, citing a weaker U.S. dollar and modest supply demand deficits.
According to the analysis, silver continues to benefit from gold’s momentum and safe haven demand. However, the bank warned that prices may remain volatile and at unsustainable levels. Despite softer industrial and jewellery demand and expanding mine and scrap supply, HSBC expects institutional demand to remain strong and sees potential growth in bullion investment.
