Not only are gold price forecasts being raised in many analyst firms, but silver price predictions are also being adjusted in light of the rally of the gray precious metal. Currently, one ounce of silver costs just under 49 US dollars.
HSBC analysts now expect the average silver price for 2025 to be $38.56 per ounce. Previously, they had expected only $35.14 per ounce. The experts cite the expectation of high gold prices, the revival of investment demand for silver, and volatile trading as reasons.
For the coming year, HSBC expects a silver price of $44.50 per ounce, up from just $33.96 previously. In 2027, the analysts believe that they will see $40 per ounce instead of $31.79 per ounce.
Wide Silver Trading Ranges Expected this Year and Next
According to HSBC analysts, the trading range for the remainder of this year is likely to be relatively wide. They expect silver to trade between $45.00 and $53.00 per ounce by 2025. In the coming year, the estimate is that the silver price should be between $40.00 and $55.00 per ounce.
The experts see the next highs for the silver price in the first half of 2026, before it goes down again in the second half of the year. This is because the analysts believe that inventories in London should recover, the gold price should weaken again, and a larger physical supply should be mobilized, according to HSBC.