Silver Price Prediction: Sourced Targets for 2026 and 2027

Reviewed by the Gold & Silver Timing Guide Editorial Team · Updated November 3, 2026 at 16:50 UTC

Quick answer: Silver targets are other people's numbers, and on this page they stay that way. We list what named publishers printed, show the date on each page we read, and put the figures next to the live price. All of them are secondary, meaning a news site or broker page reporting a bank, with one exception: a survey page that the London bullion market's trade body publishes itself. Several of the older figures now sit a long way from where silver trades, and the dates in the table show why. If your real question is should I buy gold or silver, a target can inform the conversation but cannot settle it.

Left out on purpose:

• UBS silver: the pages read give different figures for the same year-end, so none is printed
• Reuters polls: the Reuters page itself could not be opened, so its numbers appear only through the dealer compilation rows

What these rows are, and what they are not

Every row in the table gives the publisher of the figure, the page that reported it, the date on that page, the period the figure covers and whether it is a bank's own view or a survey average. We read each page on November 3, 2026. The table is a record of what was published by that date. It is not an average of anything, since we computed no averages. It is not a consensus, because the rows were not picked to represent one. It is not a forecast from us, because we do not issue one. And it is not a ranking of forecasters, because we followed nobody's record.

It is also incomplete on purpose. One large European bank appeared at two different silver levels for the same year-end on different pages we read, so we print none of its figures instead of choosing between them. A news-agency poll dated 27 October 2026 could not be opened on our side, so none of its silver figures appear. A page from the Silver Institute states no price forecast, and a market consultancy's outlook as reported on a news site gave a direction with no number, so neither contributes a row. An omission list belongs next to a table, and that is ours.

One row stands apart. The LBMA row comes from the trade body's own survey summary, which makes it a primary source for what it says: a 2026 average of $79.57 an ounce across 26 silver forecasters, with individual forecasts running from $42.00 to $165.00. The page prints no publication date. The analysts submitted their numbers by 2026-01-13, so this is a January snapshot, and silver has traded a long way since. The width of that range, from $42.00 to $165.00, is itself the most honest line in the whole table.

How to read a silver target

Four questions, in this order.

Who said it: A bank's own view and a survey average are different things. The J.P. Morgan, HSBC, Citi, Goldman Sachs, Commerzbank and Bank of America rows are banks as reported by someone else. The LBMA row is a poll of many analysts, collected once.

Which dates: Two dates matter. One is the date on the page we read. The other is the date printed inside it for the forecast. The Citi, Goldman Sachs and Commerzbank rows all come from one broker page dated 2026-09-08, yet the forecasts inside it carry dates in mid and late August. The J.P. Morgan and HSBC rows come from a news article dated 2026-10-02. The Bank of America row comes from an article dated 2026-05-29, which is the oldest bank row in the table. Older means more likely to have been overtaken.

Which period: Silver rows mix horizons freely. J.P. Morgan is listed at $63 an ounce for the fourth quarter of 2026, a 2026 average of $70, and a 2027 average of $63.90, all as reported on 2026-10-02. A 2026 average of $70 and a Q4 level of $63 are not in conflict. The average includes months that already happened, and the quarter looks only forward from where the page was written. HSBC is listed at $70 for year-end 2026 and $65 for year-end 2027. Citi is listed at $75 for the next three months and $90 for six to twelve months out. Commerzbank is listed at about $59 for year-end 2026. Bank of America is listed at about $75 by the second quarter of 2027. Goldman Sachs is listed at a 2026 average of $85 to $100.

How it reached you: Through a news site, a broker or a blog. We could not open any bank's own research note. Rounding, shortening and mislabeling can creep in, so use each row as a pointer to check.

Why silver targets get cut and miss

The rows show a pattern with dates attached. The J.P. Morgan figures were described by the article dated 2026-10-02 as a cut from the bank's earlier views. The Goldman Sachs row is a good illustration of how a stale target looks. Its figure is a full-year 2026 average, taken from a forecast dated 2026-08-21. Because an average includes months already traded, by early November a full-year average in that range had been overtaken by the months that had already printed. Our file notes exactly that for the row. The lesson is to read the horizon column before the number.

The Bank of America row carries something else worth noting: the article reporting it also describes a scenario above $100 in the fourth quarter of 2026 tied to a gold rally, alongside the base figure of about $75 by the second quarter of 2027. A scenario is not a forecast, and when you see a headline that quotes the scenario figure, you are reading the loud end of a range the bank itself did not treat as its central case.

Now the feed. The feed puts silver's highest close of the past year at $115.08 (January 26, 2026) and its lowest at $47.13 (November 4, 2025). The most recent price is $49.80 as of November 3, 2026 at 16:50 UTC, and the distance from that high is 56.7%. Silver's weekly change is −8.3%, its monthly change is −18.2% and its yearly change is +4.0%. The feed's one-sentence read is: Over the past month silver has fallen 18.2%, so the recent direction has been down. A target written when the price stood far from where it stands now is stale by construction, and with swings of this width it takes only a few weeks for that to happen.

Silver's past-year range in the feed is wide, and the ratio between the two metals shows another side of it: it currently stands at 78.9 ounces of silver per ounce of gold, against a past-year high of 84.0 and a past-year low of 44.2. The gold-silver ratio page explains how to read those figures and why they are a comparison, not a signal. We looked for readable sources on how deep silver's drops ran in 1980 and 2011 and could not read any, so this page prints no historical silver drawdown.

What would have to be true for a silver target to hold

We did not read the banks' notes, so we cannot list their assumptions. We can name the supply and demand facts that any silver target has to square with, using the Silver Institute's World Silver Survey release dated 2026-04-15. Treat these as a reading list, not a verdict.

Industrial demand. The Institute says industrial demand fell 3 percent to 657.4 million ounces in 2025. It projects a further 3 percent decline in 2026, chiefly because of a marked slowdown in photovoltaic demand. A target that leans on strong factory demand has to account for that.

The deficit. The Institute says demand exceeded supply for a fifth consecutive year in 2025, and that it expects the structural deficit to widen to 46.3 million ounces in 2026. A shortfall of that kind is part of the story that bullish targets tell. It is not a price forecast, and the release itself states no numeric price view; its wording is that the macroeconomic and geopolitical backdrop remains supportive.

Supply. Mine production is expected to stay flat in 2026, after rising 3 percent to 846.6 million ounces in 2025. Recycling rose 2 percent to a 12-year high of 197.6 million ounces in 2025. More metal coming back from recycling is one more input a forecaster has to guess at.

Newer data. We found no newer supply-and-demand release from the Institute than the April one, which means everything above is several months old as you read this.

Rates. Silver forecasters often cite interest rates. We use the Federal Reserve only for mechanics: the Federal Open Market Committee specifies the short-term objective for open market operations, its primary tool is the target for the federal funds rate, and changes are rapidly reflected in lender rates. We found no World Gold Council wording on rates, real yields or the dollar, and nothing comparable from the Silver Institute on those pages, so this page claims no link between them and silver's price.

Silver and gold targets side by side

It is tempting to hold the two lists next to each other and read one against the other. Be careful. The silver rows lean on a different set of dates than the gold rows, since the gold table's last update came from a dealer compilation dated 2026-11-01, whereas the silver rows come from articles dated between late May and early October. They also mix banks that appear in both lists with figures from different weeks. If you do compare, compare like with like: the same bank, the same horizon, the same page date. For the gold list and its own caveats, see the gold price prediction page. For the question of whether silver is a good moment to act at all, is now a good time to buy silver works through the checks that do not depend on a forecast. For the other side of the question, will silver prices go down sets out what has pulled silver lower, and will gold or silver go up collects the forces on the upside.

What this can't tell you

This page can't tell you where silver will trade next week, next quarter or next year. It cannot tell you which publisher will end up closest, whether a bank still holds the view printed on a page we read months ago, or whether the number on the live card is a fair one to pay. It cannot tell you your own horizon or budget either, and those matter more than a forecaster's number. If you want a structure for your own decision, the decision framework on the home page offers five questions that do not depend on a price call. Should an IRA be part of your thinking, the Augusta Precious Metals gold IRA page explains what the free information kit is and what the company states about its minimum.

Review clock

Targets read on November 3, 2026; reviewed every 90 days. Between reviews, publishers can revise a silver figure without this page noticing, so the date on a row is part of the figure.

Silver price prediction questions

Information, not financial advice. We do not tell you to buy or sell anything and we do not predict prices. The figures are reference numbers as of the time shown. For your own situation, ask a qualified professional.

Keep reading

• will silver prices go down: the pressures behind silver's downside risks, with past drops shown
• the ratio between the two prices: where silver sits against gold in the live feed
• what moves the two prices: the forces behind both metals' moves