Bank of America: Silver could reach $100 per ounce this year, but the rally may be unsustainable

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Golden Finance reports that on May 28th, as silver prices hover below $75 per ounce, Bank of America has given a "rise first, then fall" outlook: there is still room for a short-term rally, but the foundation supporting the increase is changing.
Led by metals research director Michael Widmer, Bank of America's commodities team stated in their latest report that driven by gold's rise, silver prices are expected to reach $100 per ounce by the fourth quarter of 2026.
However, the bank also cautioned that this rally is unlikely to be sustained long-term. "Although the rise in gold prices may again push silver above $100/oz in the coming months, we believe silver will not continue to outperform due to weakening fundamental demand," the analysts wrote in the report.
Over a longer time horizon, Bank of America predicts prices will decline, and by the second quarter of 2027, silver prices may return to the range of approximately $75 per ounce.
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