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Silver Price Forecast 2027

For 2027, 11 recent forecasts from 11 forecasters put silver between $63.90 and $97.40 per troy ounce, with a median of $75.00 — 30% above today's price of $57.50 (Oct 22, 2026, 00:22 UTC). These are other people's forecasts — 14 banks, research firms and analyst polls in all, with links to the sources — not our prediction and not investment advice.

Not investment advice. These targets are published by the firms named and change often. Forecasts for silver have frequently been wrong by a wide margin — see how last year's forecasts did. Last reviewed Oct 21, 2026.

Forecasts vs today's price

US dollars per troy ounce
Today$57.50
LBMA analyst survey2026 average — 26 analysts, January 2026 $79.57
INGQ4 2026 average $74.00
Reuters poll2026 average — 29 analysts and traders $72.00
Bank of AmericaQ2 2027 $75.00
BMO Capital MarketsQ2 2027 average $74.80
Deutsche BankQ2 2027 average $70.00
WisdomTreeQ2 2027 $70.00
Citi6-12 months from Aug 2026 (roughly Feb-Aug 2027) $90.00
UBSEnd-September 2027 $80.00
LBMA conference pollOctober 2027 (time of next LBMA conference) — delegates at the LBMA conference $97.40
Metals Focus2027 average $84.40
CommerzbankEnd-2027 $80.00
HSBC2027 average (year-end 2027 target $65) $68.00
JPMorgan2027 average $63.90

Silver Forecasts for the Rest of 2026

ForecasterTargetvs todayForPublishedReasoningSource
LBMA analyst surveyolder forecast $79.57 +38% 2026 average — 26 analysts, January 2026 Jan 20, 2026 Consensus average after the 2025 rally; individual forecasts ranged from $42 to $165. 2026 Precious Metals Forecast Survey - At a glance (LBMA)
ING $74.00 +29% Q4 2026 average Jun 24, 2026 Deficit persists, but slower solar growth, higher yields and a firm dollar weigh on prices. ING Cuts Gold and Silver Forecasts as Rising Yields and Stronger Dollar Weigh on Prices (Kitco News)
Reuters poll $72.00 +25% 2026 average — 29 analysts and traders Jul 28, 2026 Lowered from $78 on slowing industrial activity and weak solar demand; market still seen as tight. Gold forecasts fall, but central bank buying expected to cushion retreat (Reuters via Kitco)
Median $73.00, range $72.00–$74.00 across 2 recent forecasts (older forecasts are listed but not counted). "vs today" compares each target with the live price (Oct 22, 2026, 00:22 UTC).
ForecasterTargetvs todayForPublishedReasoningSource
Bank of America $75.00 +30% Q2 2027 May 27, 2026 Industrial demand peaked in 2025 and solar thrifting shrinks the deficit, so any spike above $100 fades. Silver can reach $100 an ounce this year, but the momentum won't last - Bank of America (Kitco News)
BMO Capital Markets $74.80 +30% Q2 2027 average Jun 23, 2026 Industrial exposure to power grids and electrification supports a recovery despite later Fed rate cuts. BMO cuts gold price forecast as Fed's hawkish shift weighs on precious metals (Kitco News)
Deutsche Bank $70.00 +22% Q2 2027 average Oct 2, 2026 Ample London vault stocks, solar demand destruction and weak Indian imports point to a 2027 surplus. Silver shortage could flip to surplus in 2027: Deutsche (MINING.COM)
WisdomTree $70.00 +22% Q2 2027 Jul 22, 2026 Expects silver to follow gold higher as industrial thrifting and easing tightness cap the upside. Silver's correction has reset the market, clearing the way for a sustainable rally to $70 (Kitco News)
Citi $90.00 +57% 6-12 months from Aug 2026 (roughly Feb-Aug 2027) Aug 12, 2026 Expects investment demand to recover as Hormuz tensions ease and the Fed turns less hawkish. Silver could surge to $90 as investment demand takes over, Citi says (Yahoo Finance / Investing.com)
UBS $80.00 +39% End-September 2027 Sep 27, 2026 Sees silver tracking gold as high-beta play, with grid and AI demand and byproduct supply limits. UBS Forecasts Silver at $80 by September 2027 as Gold and Industrial Demand Provide Support (Yahoo Finance)
LBMA conference poll $97.40 +69% October 2027 (time of next LBMA conference) — delegates at the LBMA conference Oct 6, 2026 Delegates see resilient investment demand and AI and electrification use outweighing solar thrifting. Precious Metals Prices Forecasted for October 2027 (LBMA)
Metals Focus $84.40 +47% 2027 average Oct 19, 2026 Expects investor demand, alongside a gold rally, to lift prices above $90 by Q4 2027. Gold's path to $6,000 and silver's return above $90 depend on renewed investor confidence (Kitco News)
Commerzbank $80.00 +39% End-2027 Jul 28, 2026 Lowered from $90, but continued deficits and a rising gold price should still lift silver. Silver: Forecast cut but deficit supports upside - Commerzbank (FXStreet)
HSBC $68.00 +18% 2027 average (year-end 2027 target $65) May 14, 2026 Shrinking deficits, falling industrial demand and rising mine supply limit sustained gains. HSBC Raises Silver Forecasts for 2026 and 2027 but Warns Upside May Be Limited (Yahoo Finance)
JPMorgan $63.90 +11% 2027 average Aug 13, 2026 Cut 26% as tightness unwinds, solar demand drops and rate hikes raise holding costs. Silver Price Forecast for 2026 and 2027 (J.P. Morgan Global Research)
Median $75.00, range $63.90–$97.40 across 11 recent forecasts. "vs today" compares each target with the live price (Oct 22, 2026, 00:22 UTC).

How Last Year's Forecasts Did

A year ago, forecasts for the 2026 average ranged from $41 (World Bank) to about $56 (Bank of America). Silver raced past all of them to a record of about $121.62 in January 2026, then fell back to the high $50s — far more volatile than any forecaster expected.

ForecasterForecastForMadeToday vs forecastSource
LBMA conference poll$59.10October 2026 — delegates at the LBMA conferenceOct 28, 2025 3% below Gold's not done: LBMA survey forecasts prices near $5,000 in 12 months (Kitco News)
Reuters poll$50.002026 averageOct 27, 2025 15% above Annual 2026 gold price forecast tops $4,000/oz for first time (Reuters via Kitco)
Bank of America$56.252026 average (with a $65 target mentioned for 2026)Oct 14, 2025 2% above Bank of America calls for $5000 gold and $65 silver in 2026 (Kitco News)
HSBC$44.502026 averageOct 8, 2025 29% above HSBC raises 2025 average silver price forecast to $38.56/ounce (Reuters via Kitco)
World Bank$41.002026 averageOct 30, 2025 40% above Gold and silver to hit new highs in 2026, but the rally ends in 2027, says World Bank (Kitco News)
"Today vs forecast" compares today's live price with each forecast; some targets refer to dates still to come.

About these forecasts

Silver hit its all-time high of about $121.62 an ounce on 29 January 2026 (Nasdaq). The Silver Institute's World Silver Survey in April 2026 forecast a sixth consecutive market deficit; in October Metals Focus cut its 2026 deficit estimate to 35.4 million ounces and said it expects a surplus of about 37.3 million ounces in 2027 (Kitco).

We list numeric targets published by banks, asset managers and research firms, as reported by the firm itself or by established financial media. Each row links to the page we checked. Targets refer to different things — a price on a date, a quarterly average or a yearly average — so compare the "For" column before comparing numbers. We do not include social-media personalities or price-prediction websites.

Forecasts are opinions, made with information available at the time, and they are revised often. They are not a recommendation to buy or sell, and Corgano does not make price predictions of its own.

Silver Price Forecast: FAQ

What is the silver price forecast for 2027?

Published forecasts for 2027 range from $63.90 to $97.40 per troy ounce (median $75.00, 11 forecasts, as of Oct 21, 2026). Each forecast refers to a specific date or average — see the table for details and sources.

What do forecasters expect for silver for the rest of 2026?

Forecasts for the rest of 2026 range from $72.00 to $74.00 (median $73.00), compared with $57.50 today.

Which forecaster has the highest silver price forecast?

Among recent forecasts for 2026 and 2027, the highest is LBMA conference poll at $97.40 (October 2027 (time of next LBMA conference) — delegates at the LBMA conference) and the lowest JPMorgan at $63.90 (2027 average).

Are silver price forecasts accurate?

Often not. A year ago, forecasts for the 2026 average ranged from $41 (World Bank) to about $56 (Bank of America). Silver raced past all of them to a record of about $121.62 in January 2026, then fell back to the high $50s — far more volatile than any forecaster expected. Treat forecasts as a guide to what professionals expect, not a reliable prediction.

How often is this page updated?

We review the forecasts every month and add new ones as banks publish them. Last updated Oct 21, 2026. The comparison with today's price updates live.