"Silver prices breached the $100 per ounce mark for the first time ever today climbing nearly 4% in morning trading to hit $100.10. The metal has delivered a tremendous run over the past two years, with gains of over 226% since early 2024, far outpacing gold's 64% rise in 2025 alone. Gold, currently at $4,959 per ounce, appears poised to break through $5,000 soon."
"Silver's surge from 2024 to 2026 stems from explosive industrial demand, persistent supply deficits, and macroeconomic shifts. Key drivers include the solar industry's usage, which jumped to 25% of total demand, electric vehicle growth requiring 20% more silver last year for components like sensors and wiring, and AI-driven data centers boosting electronics use. Geopolitical tensions , such as U.S. threats over Greenland and Iran, amplified safe-haven flows, while Federal Reserve rate cuts and a weakening dollar supported commodity prices."
"Analysts like those at Bank of America forecast silver hitting $170 an ounce, citing structural deficits and green tech demand. Citigroup targets $110 by the end of the year, driven by COMEX inventory drops of more than 70% since 2020. Overall, projections range from $90 to $120 in a base case and $150 to $170 in bull scenarios, with some even eyeing $300 by year-end."
Silver surpassed $100 per ounce after a 226% gain since early 2024, outpacing gold's recent gains and with gold near $4,959 per ounce and approaching $5,000. The rally is driven by explosive industrial demand, persistent supply deficits, and macro shifts including solar industry demand (25% of total), increased EV silver use, and AI-driven data center electronics. Geopolitical tensions and Federal Reserve rate cuts alongside a weaker dollar supported safe-haven and commodity flows. Analysts project wide price ranges from $90 to $300 depending on scenarios, but technical indicators show extreme overbought conditions and warnings of speculative FOMO-driven excess.
Read at 24/7 Wall St.
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