In a recent report issued by Citi Bank on June 17, the bank highlighted extremely positive expectations regarding the performance of silver in the upcoming period, especially amid a relative decline in investment momentum for gold. According to the report, silver prices are expected to rise to $40 per ounce within 6 to 12 months, due to a tightening global supply and growing industrial demand—particularly in technology sectors such as solar energy and electronics.
The bank noted that strong and sustained demand for silver, coupled with supply challenges, will push prices higher, positioning silver long known as the “poor man’s gold”—to potentially outperform gold. In an optimistic scenario, Citi forecasts silver could reach $46 per ounce by the third quarter of 2025, especially if the U.S.-China trade dispute is resolved quickly and the U.S. Federal Reserve maintains its hawkish policy stance.
This optimism for silver comes at a time when the bank has lowered its outlook for gold prices, both in the short and long term. Citi sees gold potentially falling below $3,000 per ounce by late 2025 or early 2026, due to improving global economic indicators and a decline in investment demand.
This divergence in outlook reflects a clear shift in market perception toward silver not just as a store of value, but as a strategic asset tied to the advancement of modern industries and resource scarcity. As the world continues its transition toward clean energy and technology, silver is emerging as one of the most exciting metals in the years to come.
Source: Reuters