Editorial staff
Silver has seen new highs recently, reaching as high as $58.3 per ounce after a pullback that brought the silver price down to a local bottom of $45.4 in late October.
But where is silver heading in the future? Currently, the most plausible scenario appears to be continued bullish price action over the long term, potentially coupled with slight short-term price declines.
Algorithmic silver price forecast expects $130 silver price peak in 2026
According to the silver price forecast from CoinCodex, silver is expected to deliver a strong long-term performance to investors. According to the platform’s algorithmic prediction, silver is poised to more than double its price in the next year, with a forecasted peak of $130 in May 2026. This would represent a whopping 122% increase compared to the current price of silver.
Analysts expect industrial demand combined with the currency debasement trade to carry silver over $100 in 2026
CoinCodex is not alone in its highly bullish silver price prediction for 2026. In a recent interview with Yahoo Finance, IDX Advisors chief investment officer Ben McMillan said silver could hit $100 per ounce by the end of next year.
McMillan supported his optimistic view by explaining that silver has a “really robust industrial use case”, combined with being part of the currency debasement trade. He expects strong demand for physical silver to come from China’s solar energy buildout:
“If you look at China’s version of their big beautiful bill, a lot of that is solar buildout, which is going to need physical silver and there’s a rush on physical silver right now. It’s very hard to get, in fact, even in one of our funds we’re expecting to take delivery on the December contract.”
McMillan explained that physical silver is facing a supply squeeze:
“We’re starting to trade physical because there’s more paper contracts than physical and this is similar to what we saw in the 1980s. So, silver is facing its own supply squeeze because of that physical industrial demand.”
Philippe Gijsels, who is the chief strategy officer at BNP Paribas Fortis, also sees the precious metal crossing the $100 threshold in the not too distant future:
“Given the current climate, a $100 silver price is certainly possible by the end of 2026.”
Gijsels also highlighted silver’s industrial use in solar manufacturing and EV infrastructure, combined with investors looking to protect their purchasing power by holding real assets, as the key tailwinds for silver.
Editorial staff
