Silver has really occupied my thoughts over the past few months. Early 2026 was wild – the price shot up to over $121, then crashed by more than 30% within hours. Now I understand better why some talk about a bullish silver forecast for 2026: the structural deficit is real. For five consecutive years, demand has significantly exceeded supply, and mine production has been stagnant for years.

The drivers are quite clear – solar energy, electric vehicles, AI infrastructure. The Silver Institute expects strong growth in these areas by 2030. However, analysts are divided: Citigroup sees $150, while JP Morgan's Kolanovic estimates $50. The strong dollar under the new Fed chair naturally puts pressure on prices, but physical demand from Asia remains extremely high.

Actually, the current silver forecast for 2026 feels like a chess move between two worlds – on one side, fundamental scarcity and industrial demand, on the other, macroeconomic risks. The volatility is brutal, but that’s exactly what makes it interesting to see where the journey is headed.